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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Kevin Hassett, chairman of the White House Council of Economic Advisers during the Trump administration, believes that the U.S. economy could be hit by another wave of inflation due to factors such as huge government spending and high energy costs.
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President Trump has formally nominated White House Economic Advisory Council Chair Stefano Milani to fill the temporary vacancy left by outgoing Fed Governor Kugler.
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