EUR/USD
1.17122
0.252%
Gold
4820.88
-0.233%
Oil
59.646
-1.599%
USD/JPY
158.710
0.260%
GBP/USD
1.34199
-0.086%
GBP/JPY
212.992
0.200%
Real-time News
January 22 – The U.S. economy grew slightly faster than initially projected in the third quarter, driven by strong exports and a reduced drag from inventory factors. Newly released data shows that the final annualized quarterly rate of U.S. real GDP in the third quarter, adjusted for inflation, was 4.4%, the fastest pace in two years. This is one of the strongest two consecutive quarters of growth since 2021, when the economy was still recovering from the pandemic. Businesses slowed their imports after a rush to buy goods at the beginning of the year before Trumps massive tariffs. However, despite the volatile trade policy, consumer and business spending remained strong. With strong economic growth, a stabilizing job market, and inflation still above the Federal Reserves target, policymakers are expected to keep interest rates unchanged at next weeks meeting.January 22nd - Initial jobless claims in the U.S. remained largely unchanged last week, staying at a low level compared to the volatile holiday season. According to data released by the U.S. Department of Labor on Thursday, initial jobless claims rose by 1,000 to 200,000 in the week ending January 17th. Continuing jobless claims fell to 1.85 million last week, the lowest level since November. Initial jobless claims typically fluctuate in the last few weeks of the year, which is normal during the holiday season. However, the latest weekly data shows that the current labor market is characterized by limited layoffs.Bank of America CEO Moynihan: Bank of America is in talks with the government on affordability issues.January 22nd - A flurry of policy deployments are underway to deepen the construction of a unified national market and thoroughly address "involutionary" competition. Unlike previous efforts, this time the focus is not solely on administrative measures, but on optimizing the competition mechanism institutionally to promote high-quality economic development. In recent days, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation have all spoken out on "anti-involution," outlining measures to strengthen capacity management in key industries and regulate fiscal subsidies. Policy documents such as the Regulations on the Construction of a Unified National Market, the List of Items Hindering the Construction of a Unified National Market, and the List of Encouraged and Prohibited Items for Investment Promotion are expected to be released, providing greater legal protection and institutional support for "anti-involution."Bank of America CEO Moynihan: Credit card limit caps slow down spending and reduce availability.
