The UK’s inflation rate has reached 3.8%, forcing many households to cope with pricier essentials like food, fuel, and travel. Experts warn these rising costs could last until 2026, posing significant challenges for borrowers and consumers alike.
Japan’s overseas shipments fell 2.6 % in July, the worst reading since 2021 and a bigger slide than analysts foresaw. The drop marked a third straight monthly decline and left the nation with a ¥117.5 billion trade deficit amid intensifying U.S. tariff pressure.
With mortgage rates hovering near 7%, Moody’s chief economist Mark Zandi warns of a looming slump in the U.S. housing market unless rates decline soon. The housing sector, once a stabilizer, is now becoming a “full-blown headwind” for the economy.
Singapore’s gross domestic product (GDP) grew more than anticipated in the second quarter of 2025, bolstered by strong performances in key sectors. This unexpected surge highlights the resilience and momentum of the nation’s economy.
Mortgage interest rates eased this week as the Federal Reserve maintained short-term rates, hinting at potential cuts in the fall. The average 30-year fixed-rate mortgage fell eight basis points to 6.86%, offering a glimmer of hope for prospective homebuyers.
A recent survey reveals that most economists expect the Bank of Japan to maintain its current interest rates through the end of 2025 amid uncertainties over US tariff policies. Concerns about Japan’s economic outlook and public finances are delaying anticipated rate hikes and influencing monetary policy decisions.
President Trump has dismissed concerns about a possible recession resulting from ongoing trade wars, assuring the public that “Everything’s OK.” He downplayed economic worries, even as critics argue that his rebuff is merely a “front” in light of conflicting economic indicators.
Despite a slight uptick in unemployment applications last week, the U.S. job market continues to display remarkable strength with historically low layoffs and robust job growth. Employers added 256,000 jobs in December, signaling sustained economic health.
