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China cuts new loan rate for second month but struggling economy likely needs more

Reuters
Posted at Sep 20 06:05 PM

China cut its new one-year benchmark lending rate for the second month in a row on Friday, a step by the central bank to try to wrestle down borrowing costs and support the economy as the Sino-US trade war drags on. Read more »

US Fed cuts key interest rate a quarter point, citing 'uncertainties'

Agence France-Presse
Posted at Sep 19 03:56 AM

The US Federal Reserve cut its benchmark interest rate for the second time this year on Wednesday but its policy committee is divided, with three of 10 voting members dissenting.   Read more »

Trump: Fed should get US interest rate 'down to ZERO, or less'

Agence France-Presse
Posted at Sep 11 08:57 PM

President Donald Trump wants US "interest rates down to ZERO, or less," he tweeted Wednesday amid widespread expectations that the Federal Reserve will cut rates later this month. Read more »

In a shift, Fed will be 'patient' on future US rate hikes

Howard Schneider and Jason Lange, Reuters
Posted at Jan 31 06:43 AM

The US Federal Reserve on Wednesday held interest rates steady and, in a formal policy shift, vowed to be patient in further lifting borrowing costs, the clearest signal yet the tightening cycle it began in 2015 may have ended. Read more »

U.S. household wealth tops $100 trillion

Agence France-Presse
Posted at Jun 08 04:38 AM

U.S. household wealth topped the $100 trillion mark for the first time ever in the first quarter of 2018, the U.S. Federal Reserve said on Thursday. Read more »

Fed leaves interest rates unchanged, says inflation near goal

Lindsay Dunsmuir and Howard Schneider, Reuters
Posted at May 03 07:01 AM

The Federal Reserve held interest rates steady on Wednesday and expressed confidence that a recent rise in inflation to near the US central bank's target would be sustained, leaving it on track to raise borrowing costs in June.  Read more »

ANALYSIS: Even living simply now costs a lot more

Jose Galang -- Your Business
Posted at Feb 06 05:09 PM

Just staying at home and trying to live simply indeed costs a bit more, a result of the wave of mark-ups in most products sold on the market affected in varying degrees by the new sales taxes.  Read more »

Poor gaining wealth but U.S. 'increasingly unequal,' Fed says

Agence France-Presse
Posted at Sep 28 06:02 AM

The concentration of wealth and income among the richest one percent of American families reached "historically high" levels last year, the U.S. central bank said Wednesday.   Read more »