Core Insights - The labor market remains resilient, leading to increased Treasury yields and a shift in expectations regarding Federal Reserve interest rate cuts [1][2][6] Economic Data Impact - Weekly jobless claims were lower than expected, and quarterly economic growth exceeded forecasts, contributing to a rise in short-maturity rates [2][3] - The two-year yield increased by approximately 3 basis points to 3.67%, marking the highest level since early September [2] Market Sentiment - Traders have slightly reduced their expectations for interest rate cuts by the Federal Reserve, moving away from fully pricing in a quarter-point cut in late October [3][6] - Despite the current economic data not supporting further rate cuts, some analysts still anticipate cuts in October and December due to a weakening labor market [4] Treasury Yield Movements - The 10-year note yield rose by 3 basis points to 4.17%, while the 30-year yield was around 4.75%, resulting in a flatter Treasury curve [5] - The yield gap between five and 30 years fell below 1 percentage point for the first time since August 11, indicating market skepticism about the Fed's ability to implement a series of rate cuts [5] Future Rate Expectations - Analysts suggest that without significantly weaker economic data, it is unlikely for 10-year yields to drop below 4% in the near term, with rates expected to fluctuate within the 4% to 4.25% range [7]

The assumption was that consumer spending had softened considerably due to angst and uncertainty stemming from the trade wars. Now it appears that Americans mostly went about their business as usual. ...

The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending. https://t.co/JnZVMxXRLh ...

Brazil’s central bank said economic growth will slow through the rest of this year and all throughout 2026 as interest rates at nearly a two-decade high start to grind on activity https://t.co/qsmO4KEyNf ...

Economic Management Challenges - The Chancellor, Rachel Reeves, is under pressure to reconsider her promise not to increase income tax due to a struggling economy and disappointing tax receipts [1][6] - The government previously attempted to limit growth in the benefits bill but faced significant pushback, indicating a challenging political environment for fiscal restraint [3][4] Fiscal Policy Constraints - Reeves has redefined fiscal rules to allow for more borrowing but has quickly exhausted that capacity, complicating her financial strategy [4] - The Chancellor's commitments to keep costs down and promote economic growth further limit her options for tax increases [5][6] Tax Revenue Insights - The financial gap is estimated between £20 billion and £50 billion, making it difficult for the Chancellor to raise sufficient funds through smaller tax increases [6] - Major tax sources for the Treasury include income tax (approximately £300 billion), National Insurance (over £200 billion), VAT (over £180 billion), and corporation tax (projected to exceed £100 billion next year), while smaller taxes yield significantly less [7]

Economic Overview - The overall economic operation of Huizhou is stable, with a focus on high-quality development and effective implementation of macro policies [2] Industrial Production - From January to August, the industrial added value of above-scale industries increased by 8.8% year-on-year, with mining decreasing by 9.8%, manufacturing growing by 9.1%, and electricity, heat, gas, and water production and supply increasing by 5.4% [2] - The electronics industry grew by 12.6%, the petrochemical energy and new materials industry increased by 5.2%, and the life and health manufacturing industry rose by 9.0% [2] - Advanced manufacturing added value grew by 9.0%, accounting for 61.6% of the total industrial added value, while high-tech manufacturing added value increased by 12.3%, making up 42.7% of the total [2] Fixed Asset Investment - Fixed asset investment decreased by 22.9% year-on-year, with significant growth in cultural, sports, and entertainment investment at 79.4%, and scientific research and technical services investment at 45.0% [2] - Investment in water conservancy, environment, and public facilities management fell by 22.7%, while manufacturing investment decreased by 12.3% [2] - New commercial housing sales area declined by 35.1% [2] Consumer Market - The total retail sales of consumer goods reached 138.064 billion yuan, growing by 4.2% [3] - Urban retail sales increased by 4.5%, while rural retail sales grew by 2.9% [3] - Online retail sales surged by 36.9%, indicating a strong trend in e-commerce [3] Foreign Trade - The total foreign trade import and export volume reached 276.599 billion yuan, growing by 6.7%, with exports at 159.945 billion yuan (up 9.3%) and imports at 116.654 billion yuan (up 3.2%) [3] Fiscal and Financial Stability - General public budget revenue was 30.299 billion yuan, a year-on-year increase of 2.6% [4] - The balance of financial institution deposits reached 965.799 billion yuan, growing by 1.1%, while loans increased by 3.5% to 1,129.521 billion yuan [4] Consumer Price Index - The Consumer Price Index (CPI) decreased by 0.7% year-on-year, with the price index for consumer goods down by 0.6% [4][5] - Prices for food, tobacco, and alcohol fell by 0.3%, while clothing prices rose by 6.7% [5]

Ireland’s economy is set to grow more than previously expected on rising government spending and housing investment, the Economic and Social Research Institute said, as it warned about potential overheating https://t.co/rNGqyQMm2M ...

Credit Rating - Moody's Ratings 提升了哥斯达黎加的信用评级 [1] - 评级提升的原因是该国在财政纪律和经济增长的支持下，“显著”改善了财政和债务状况 [1]

Well, I think I'm respectfully disagree with with President Trump statement because, you know, it took migration and climate change, as I would say, the major challenges that we have to fight against for. And I said, well, look, if you took the experience of Spain is the contrary. So thanks to Climate two, to these, say, green policies, we have dropped the electricity prices since 2017 till now by 50%.So that enables us to gain competitiveness. And thanks to that, we are witnessing this extraordinary outcom ...

RT Bloomberg Live (@BloombergLive)TOMORROW: What is the link between environmental protection and economic growth? And what relationships are furthering the EU's strategic partnerships in today's climate diplomacy landscape?@flacqua sits down with the @EU_Commission's @JessikaRoswall at #BloombergGreen. Live at 11:00 AM ET!Find out more: https://t.co/IaooKEzubA ...