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By Heather Scott Agence France-Presse WASHINGTON, D.C. (AFP) — The US Federal Reserve, under intense pressure from President Donald Trump to stimulate the economy, on Wednesday cut the benchmark interest rate for the first time in more than a decade but struggled to justify the move or explain where it goes next. The move to ease the cost of borrowing was well telegraphed and meant to inoculate against global risks washing onto American shores, but […]
(Eagle News) — The Palace on Thursday, Jan. 17, welcomed the results of a recent Social Weather Stations survey that showed the average hunger rate in the country in 2018 was the lowest since 2003. “The best is yet to come, as the Chief Executive continues to work double time in the remainder of his term to uplift more Filipino families out of poverty and hunger, towards a more comfortable and prosperous life for all,” […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US central bank sent a strong signal on Friday that it would be willing to reconsider expected interest rate hikes amid new data showing President Donald Trump’s multi-front trade wars are dragging on the economy and shaking up investors. The message, from the senior Federal Reserve official with the closest links to US financial markets, sent the Dow Jones Industrial Average surging 300 […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — The US Federal Reserve raised the benchmark interest rate on Wednesday, a move sure to anger President Donald Trump, but it also sent a clear signal it expects to slow its rate increases next year. The Fed’s fourth rate increase of the year, which sent Wall Street tumbling in mid-afternoon, moved the central bank squarely into the crosshairs of the president, who said a […]
by Heather SCOTT Agence France Presse WASHINGTON, United States (AFP) — No US economists believe the Federal Reserve will raise the all-important benchmark interest rate on Thursday but they are watching closely for any signals about how concerned the central bankers are about rising prices. With the economy growing strongly and wages at long last starting to increase after years of robust job creation, central bank officials are wary the economy could overheat. Investors will […]
WASHINGTON, United States (AFP) — The United States saw a 0.2 percent fall in overall violent crime in 2017, returning to a long-term trend of decline after two years of increases, according to data published by the FBI on Monday. The bureau recorded almost 1.25 million cases of violent crime in 2017, which included nearly 18,000 homicides, or a murder rate of 5.3 for every 100,000 inhabitants in its report, “Crime in the United States, […]
WASHINGTON, United States (AFP) — Jerome “Jay” Powell, the Republican former investment banker tapped by President Donald Trump to replace Janet Yellen at the helm of the US Federal Reserve, could be the richest person to ever fill the role. Trump’s choice of Powell — who is not a trained economist — represents a departure from longstanding precedent, but also sends a signal to markets that the White House intends to maintain a measure of continuity with […]
QUEZON City, Philippines – The Bangko Sentral ng Pilipinas forecasts an increase of 3.3% in the inflation rate in 2017 and an increase of 3% in the inflation rate in 2018. The higher inflation rate is due to the oil price hike in the world market.
QUEZON City, Philippines – Due to the continuous economic growth experienced by the Philippines, the country’s unemployment rate drops to 5.5% compared to last year’s 6.3%. https://youtu.be/72FpyRwZik0
