Tag: interest rates
Fed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited...
US Likely Added 818,000 Fewer Jobs Last Year Than Reported
On Aug. 21, the U.S. Labor Department said that the number of jobs the American economy added in the...
High Inflation, Living Costs Continue to Impact Americans Despite Better Economic Figures
As the 2024 U.S. presidential election draws closer, America’s economic performance since 2021 amidst...
Little Relief in Sight After Fed Decides to Hold Interest Rates Steady
On Nov. 1 (Wednesday), the U.S. Federal Reserve announced it would be holding rates steady at 5.25 to...
Risk of Deflation in China Raises Concerns for the Global Economy
As economies in the west raise interest rates in an attempt to reign in historic levels of inflation,...
Overleveraged Housing Speculators Default as America Flirts With Recession
What goes up must inevitably come down, housing market speculators who overleveraged during the Coronavirus...
Small Businesses Going Bankrupt 73% Faster Than Beginning of COVID Crisis
Another dark omen for the United States economy is manifesting: small business bankruptcy rates are now...
US Import Prices Drop in Hopes of Easing Inflation
WASHINGTON, United States — U.S. import prices fell for a fifth straight month in November, pulled down...
Sri Lankan Central Bank Threatens Administrative Measures to Bring Down Market Rates
COLOMBO, Sri Lanka — On Thursday, Nov. 24 Sri Lanka's central bank threatened administrative intervention...
New Zealand to Deliver Record-High Interest Hike Amid Persisting Inflation
WELLINGTON, New Zealand — New Zealand's central bank said on Tuesday, Nov. 22 that it expects to deliver...
Investors Worry About Hiring Outlook, Spending Before US Earnings
NEW YORK (Reuters) — The outlook for jobs and spending may be chief among concerns for investors heading...
Governments Hemorrhaging Foreign Reserves as Geopolitical Tensions Strain Global Economy
Governments and central banks are burning through their cache of foreign reserves at an unprecedented...