According to a report on Overseas Network on September 25th, the Federal Reserve's multiple interest rate hikes have led to a rise in people's credit card rates. At present, the average annual interest rate on credit cards in the United States has exceeded 22%, making it difficult for the general public to repay credit card debts.
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a spokesperson for the US Federal Reserve announced that the Federal Reserve system will lay off approximately 300 employees by the end of this year, marking the first time the agency has laid off employees in 13 years.
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For nearly a year, the United States experienced high inflation and aggressive interest rate hikes, but the economy did not recession, exceeding market expectations.
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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 continuous decline of the US economy and the deadlock of the global economy are fundamentally due to Trump's thoughtless tax cut policy.
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