Mortgage Rates Hit 6.06%, Sparking Refi and Purchase Demand
Freddie Mac’s lowest rate since 2022 boosted applications, but low-rate owners and sticky prices constrain supply.
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P&L Staff
China's $1.19T Trade Surplus Signals Shifting Global Trade
China's record trade surplus grows 20% as exports rise outside the US amid modest reserve gains.
China's Trade Surplus Reshapes Global Manufacturing Landscape
China’s growing exports deepen global supply chain reliance, challenging US efforts to diversify manufacturing.
China’s Forex Reserves Rise Modestly Despite Record Trade Surplus
China’s foreign exchange reserves grew slowly, reflecting shifting capital flows and reduced US dollar inflows.
China Records $1.19 Trillion Trade Surplus Amid US Tensions
China's export growth to emerging markets offsets declining US demand, highlighting its trade resilience.
China’s Record Surplus, Fed Independence Risks In Focus
China posts a $1.18T surplus, UK GDP beats forecasts, and Kashkari flags Fed political risk.
UK GDP Beats Forecast in November as Production Rebounds
ONS data showed November GDP up 0.3% after October’s drop, partly reversing one-off weakness from a Jaguar Land Rover cyberattack.
Kashkari Warns Political Pressure Could Lift Term Premiums
As scrutiny rises ahead of a Fed leadership transition, Kashkari argues independence is vital to monetary policy credibility.
China Hits Record $1.18T Surplus as US Exports Slide
US-bound shipments fell sharply, but rising exports to EU and ASEAN kept China’s 2025 surplus at $1.18T.
CPI Sticks at 2.7% as Tariff Pressures Loom
CPI held at 2.7% as necessities rose, widening spending splits while China surpluses stoked tariff risks.