China decided to keep its key lending rates unchanged, with the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, following the U.S. Federal Reserve’s decision to hold interest rates. The People’s Bank of China aims to stabilize the currency amidst trade tensions, with the yuan facing pressure and officials preparing for monetary easing measures to support growth and maintain stability. The yuan remained stable against the dollar post-announcement, while the 10-year government bond yield fell, as China plans for interest rate cuts to achieve an ambitious growth target of “around 5%”.
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Trump pledges to move homeless people in Washington, DC ‘far’ from the city | Homelessness News
President Donald Trump announced plans to evict homeless individuals from Washington, DC, claiming to improve safety, despite crime rates being at a 30-year low, as stated by Mayor Muriel Bowser. His controversial remarks included deploying the National Guard and raised questions about the legal authority for such actions, as federal control of the city is limited. Want More Context? 🔎
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