Powell Hints at Possible Fed Rate Cut Amid Economic Crosswinds
Fed Chair Jerome Powell signals a possible shift toward rate cuts as high inflation and job market pressures collide, hinting at a Fed pivot ahead.
Economy
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Mexico’s Remittances Plunge: Families on Alert
New data shows remittances from Mexicans working abroad have plunged, threatening household incomes and potentially slowing Mexico’s economy.
Chinese Mainland’s SCO Trade Rockets 30-Fold Ahead of Tianjin Summit
As the SCO Summit nears in Tianjin, the Chinese mainland’s trade with member states has soared 30-fold since 2001, hitting 3.65 trillion yuan ($512.5B) in 2024.
Tariff Trouble: How US Import Costs Are Hitting Your Wallet
U.S. import prices have jumped after steel and aluminum tariffs doubled to 50%, forcing businesses and consumers alike to foot the bill.
Tariff War Fallout: Why No One Wins, Says US Expert
Expert Scott Lucas warns that in the US tariff war, Americans pay the price as import costs ripple to consumers, manufacturers and farmers.
Chinese Mainland Unveils Loan Subsidies for Consumers & Service Sector
The Chinese mainland’s SCIO outlined new interest subsidy policies for personal consumption loans and service-sector lending to spark spending and support businesses.
UK Unemployment Hits 4-Year High as U.S. Tariffs Weigh In
UK unemployment jumps to 4.7%, a 4-year high, as vacancies drop and U.S. tariffs squeeze key industries.
Economist Slams Trump’s Tariffs: Costs Soar, Jobs Don’t Return
Economist Justin Wolfers warns on MSNBC that Trump’s chaotic tariffs, lacking Congress approval, only hike costs and fail to bring back US manufacturing jobs.
China’s CPI Holds Steady in July as PPI Slides
China’s CPI was unchanged year-on-year in July, while PPI fell due to seasonal trends, offering insights into the Chinese mainland economy.
U.S. Tariffs Surge to Historic Highs: A Dark Day for Global Trade
U.S. hikes tariffs to decades-high levels, sparking fears of a global recession, higher consumer prices, and diplomatic tensions.