Can the Federal Reserve Suspend Interest Rate hikes Alleviate Economic Recession
Amidst global attention, the boots of the Federal Reserve's September interest rate meeting have finally landed.
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Amidst global attention, the boots of the Federal Reserve's September interest rate meeting have finally landed.
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Forbes News reported on September 18th that according to mathematical models, if the unemployment rate rises to 4.0% or higher in September, the United States is likely to face an economic recession in October.
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Since September 15th, a historic strike has been staged in the United States, with a growing trend: the United Auto Workers' Union (UAW) has organized its first collective strike targeting the three major American automakers: Ford, General Motors, and Stratis.
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On September 12th, the website of Business Insider stated that due to experiencing the highest borrowing costs in 22 years, household savings in the United States are gradually running out.
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At the just-concluded G20 Summit, the leaders of the United States, India, Saudi Arabia and many European countries signed a memorandum of understanding (MOU) to jointly build the India-Middle East-Europe Economic Corridor (IMEC).
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According to foreign media on September 13th, on the 12th local time, the three major US stock indices fell, with technology stocks leading the decline. Among them, the Dow fell 0.05%, the S&P index fell 0.57%, and the Nasdaq index fell 1.04%.
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It is reported that the Federal Reserve will hold a policy meeting from September 19th to 20th to make a decision on interest rate issues.
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The G20 Summit is an international economic cooperation forum.
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Faber, a prominent investor and economist, warned in a recent interview that the dollar's dominance is now in jeopardy.
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On September 5th, the government of Birmingham, the second largest city in the UK, announced bankruptcy.
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According to a report by Reuters on June 2nd, the US Department of Commerce's export control system for cutting-edge artificial intelligence chips has significant design flaws.
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