More Argentines turning to soup kitchens, barter markets as consumer prices soar, unemployment rises and the peso slumps
India’s currency hit an all-time low Wednesday, not long after currencies in Turkey and Argentina slid to their own record lows. But one major reason why is not to be found in emerging markets at all.
(Image credit: Amir Makar/AFP/Getty Images)
All the day’s economic and financial news, as America’s trade gap with the rest of the world widens
- Latest: US trade data released
- Fresh losses in emerging stock markets
- UK service sector can’t find enough workers
- Full story: Service sector growth picked up in August
- Introduction: Chinese service sector firms slowed last month
That’s due to the robust US economy, and the prospect of higher interest rates to curb inflation — as Donald Trump’s tax cuts give the economy a sugar rush.
Trumps trade war causing some issues. Emerging markets are collapsing and our trade deficit is going high. Not lower. The economists are really going to have to parse out how this all works out.
The UK’s prime minister wraps up a three-day Africa tour in Kenya. With Brexit looming, what can rebuilding old links help shore up Britain’s economy?
Argentina’s central bank raised interest rates, trying to halt a plunge in the value of the peso. The turmoil led to a sell-off in other emerging-market currencies.
President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50 billion deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019.
Trump discussed his own impeachment in his latest interview with his favorite channel, FOX News. So what can we learn from Clinton’s presidential impeachment? Steve Kornacki breaks it all down.
» Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc
About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives. Reaching more than 95 million households worldwide, MSNBC offers a full schedule of live news coverage, political opinions and award-winning documentary programming — 24 hours a day, 7 days a week.
Connect with MSNBC Online
Visit msnbc.com: http://on.msnbc.com/Readmsnbc
Subscribe to MSNBC Newsletter: MSNBC.com/NewslettersYouTube
Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc
Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc
Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc
Donald Trump Discussing His Own Impeachment: Stock Markets Would Crash | The 11th Hour | MSNBC