News

U.S. consumer credit in November was US$4.229 billion, compared with US$10 billion expected and the previous value of US$9.178 billion.

German Geoscience Research Center GFZ: A 5.5-magnitude earthquake occurred in the North Island of New Zealand.

Asked when Americans would receive the $2,000 checks Trump promised would come from tariff revenue, Trump said congressional approval was not required to release the payments. Asked for a specific timetable, he replied: "I think probably around the end of the year."

In the European Union's digital regulatory reform, large technology companies have been exempted from strict regulatory rules, sources said.

White House: U.S. President Trump’s administration is about to announce the establishment of a new National Fraud Enforcement Division of the Department of Justice.

The U.S. Congressional Budget Office projects that PCE inflation will be 2.7% in 2026 and 2.1% in 2028.

The Congressional Budget Office projects that the U.S. unemployment rate will fall to 4.6% in 2026 and further to 4.4% in 2028. The labor market in 2026 reflects increased labor demand and weak growth in labor supply.

The Congressional Budget Office predicts that the Federal Reserve funds rate will remain at 3.4% until 2028.

The U.S. Congressional Budget Office predicts that the Federal Reserve interest rate will fall to 3.4% in the fourth quarter of 2026.

The U.S. Congressional Budget Office predicts that U.S. GDP growth will accelerate to 2.2% in 2026.

U.S. Treasury Secretary Bessent: He hopes to reduce the deficit to GDP ratio by 50 to 100 basis points every year, with the goal of reducing it to the 3% range.

U.S. President Trump: Cuba is in trouble and in danger.

US Vice President Vance: We will propose a nomination in the next few days.

Vice President Vance: We are creating a new Assistant Attorney General position that will have jurisdiction over fraud cases across the country.

U.S. Treasury Secretary Bessent: The Treasury Department will oversee the sale of assets in Venezuela and reallocate the proceeds to Venezuela under the direction of U.S. Secretary of State Rubio.

U.S. Treasury Secretary Bessant: New sanctions may be imposed on others in Venezuela.

U.S. Treasury Secretary Bessent: The United States will lift sanctions on some Venezuelan entities.

U.S. Treasury Secretary Bessant: We will have the ability to rework tariffs with other authorities.

U.S. Treasury Secretary Bessent: IEEPA tariffs have prompted Mexico and Canada to sit on the negotiating table on fentanyl.

Market news: The U.S. Embassy warned that Ukraine may be hit by a large-scale air strike in the next few days.