— The Federal Reserve cut its key interest rate by 50 basis points (1/2 percentage point) and indicated more cuts like in 2024 to support job market as inflation has eased.
— U.S. home sales dropped by 4% in August vs. 12 months earlier and there were 23% more properties for sale, with the median price up about 3% from a a year go.
— China to Mexico freight rose 26% in 2024 through July (vs. year earlier) and 33% last year, as companies seek ways to avoid the U.S. tariffs on China-made imports and hedge against U.S. ports bogged down by strikes, capacity issues.
— European Union tariffs on electronic vehicles are not high enough to deter Chinese EV expansion into Europe, study shows; would need to be 50% as in the U.S. vs. 20% or less currently.
— More than 530 financial institutions with $29 trillion in assets issued a report calling on governments to require mandatory climate reporting and transition strategies away from fossil fuels.
