US economy

Rising Debt, Delinquencies, and a Hot Wholesale Inflation Print Signal More Rate Hikes

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According to the latest Quarterly Report on Household Debt and Credit released yesterday by the Federal Reserve Bank of New York, total US household debt increased by $184 billion or 1.1% quarter-over-quarter in Q1 2024 to reach $17.69 trillion. While mortgage balances also jumped by $190 billion to $12.44 trillion, credit card balances declined in … Read more

Has surprising US economic growth strengthened Washington’s hand in China negotiations?

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After President Xi Jinping visited the US in November, both countries resumed cooperation on issues including curbing the spread of fentanyl, as well as military-to-military communication. 12:56 Fighting fentanyl: the drug from China destroying American lives Fighting fentanyl: the drug from China destroying American lives The two sides have also held meetings of financial and … Read more