A rush to safer investments pushed government bond yields to lows not seen since 2016. Source: NYT > Business – Matt Phillips
Short on Cash, Businesses in China Rely on I.O.U.s to Keep the Lights On
As the trade war escalates, Beijing needs private companies to pull China’s economy out of its rut. But for some, ready money can be hard to find. Source: NYT > Business – Alexandra Stevenson and Cao Li
Russians Pulling Out Credit Cards, and Consumer Debt Spirals
Russians with little experience with debt are relying on easy credit and payday lenders. Now the central bank is trying to cool the lending market. Source: NYT > Business – Andrew E. Kramer
Why Rate Cuts Don’t Help Much Anymore
Interest rates have been so low for so long that further cuts may not do a lot to stave off a slowdown, the economist Austan Goolsbee says. Source: NYT > Business – Austan Goolsbee
The Fed May Cut Interest Rates. Here’s What That Means for You
The expected quarter-point cut is unlikely to get you a better mortgage rate. At least not right away. Source: NYT > Business – Jim Tankersley
What to Watch Ahead of the Fed Meeting
The central bank appears poised to cut interest rates for the first time since the financial crisis. Here’s what to keep an eye on. Source: NYT > Business – Jeanna Smialek