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Inflation calms down, 3-class division, US rents rise, job insecurity, poverty increases As inflation calms down in the US economy, the legacy of interest rate cuts has led to the division of the 3-class into the wealthy, upper-middle class, and the poor, and the 'poverty index', which suffers from absolute poverty due to rising rents and job insecurity in the US, has risen. The New York Times r..

U.S. Federal Reserve cuts interest rates for the first time in the year; Korean media cuts for the second time While the U.S. Federal Reserve referred to the interest rate cut within the year as ‘the first rate cut within the year,’ Korean media reported it as ‘the second rate cut within the year.’ The ‘dot plot’ forecast released by the U.S. Federal Reserve on the 12th reflects policymakers’ co..

Traders ‘reduce bets’ due to European interest rate cut Korean media reports ‘US rate cut in September’ Investors are paying attention to the U.S. stock market due to the European Central Bank's (ECB) interest rate cut, and Korean media has begun to encourage betting by abusing reports of 'additional U.S. interest rate cuts'. Traders have scaled back bets on further rate cuts this year, keeping ..

US luxury consumption growth, trade deficit widening, low-income class tension, inflation ‘return’ The United States' first quarter economic indicators revealed tensions among low-income households in restoring inflation due to the growth of luxury consumption and the expansion of the trade deficit. The U.S. Department of Commerce announced on the 25th that gross domestic product (GDP) increased..

High interest rates in the U.S., ‘risk of additional fiscal stimulus hike’, Lee Chang-yong’s ‘geopolitics’, intensive blow to Korean won As the U.S.'s policy of prolonging high interest rates and the Korean government's strategy of 'repeating short-term expectations' relying on the stock market stimulus is coming to naught, the won's weakness, which has no defense against the slowdown in consump..

U.S. commercial real estate prices plummet, fiscal deficit increases, and inflation increases in own housing costs In the United States, city government budgets decreased as commercial real estate prices in urban centers plummeted, while inflation in February increased, aggravating inflation in own housing costs. American cities are taking a hit as city budgets, which rely on taxes associated wi..

California State University professors' union strikes in protest over 'overeducation and low wages' The professors' union at California State University, a public university in the United States, went on strike for five days starting from the first day of the semester on the 22nd, and began a street protest in the rain wearing red poncho uniforms and placards with the slogan "Overeducation, low ..

Yoon Seok-yeol 2nd place due to ‘exclusion of own housing expenses’ due to inflation 47th place in long-term labor total production At a cabinet meeting broadcast live on the 26th, President Yoon Seok-yeol said, "The Economist, a world-renowned economic magazine, evaluated our country's economy second among 35 OECD (Organization for Economic Co-operation and Development) countries by comprehensi..

Tax collection falls due to high interest rates US fiscal deficit doubles, Korea follows suit The New York Times reported on the 5th that as high interest rates continue for a long time and tax collections fall, the U.S. federal budget deficit will “double.” In Korea, too, national tax revenue has decreased by 43 trillion won as of July due to the prolonged high interest rate, the fiscal deficit..

Vietnam and Canada gain from US-China trade reorganization, South Korea's consecutive trade deficit Reworked trade rules between the US and China led to China relocating factories to Vietnam and Mexico as an investment, and the US increased the share of low-cost imports from these countries, which contributed to inflation in the US, he said. Regarding Korea's consecutive trade deficit, Reuters, ..