latest news in economy
Proposal Suggests Paying Direct Cash Dividends to Homeowners to Ease AI Data Center Resistance
Washington, Wednesday, 9 September 2026.
To counter surging public opposition, a think tank has proposed redistributing tax revenues from AI data centers to local households, offering annual payouts of up to $8,900 per family.
US Treasury Triples Bond Buybacks to Six Billion Dollars to Lower Debt Costs
Washington, Wednesday, 9 September 2026.
To curb surging borrowing costs, the US Treasury expanded bond buybacks to $6 billion. However, long-term yields unexpectedly rose after the announcement, challenging Secretary Scott Bessent’s aggressive market intervention.
US Treasury Secretary Warns Traders Against Betting Against the Japanese Yen
Dallas, Wednesday, 9 September 2026.
US Treasury Secretary Scott Bessent warned currency speculators against betting against joint US-Japan yen interventions, citing his unique access to policy decisions at the Bank of Japan.
FDA Prepares Rules for Psychedelic Medicine as Experts Demand Affordable Patient Care
Washington, Wednesday, 9 September 2026.
As the FDA establishes frameworks for therapeutic psychedelics, experts caution that overly restrictive research protocols could make real-world medical treatments prohibitively expensive for most patients.
Federal Reserve Plans to Speak Less, Raising Fears of Financial Market Instability
Washington, Wednesday, 9 September 2026.
Federal Reserve Chairman Kevin Warsh plans to scale back public policy communications. Goldman Sachs warns this silence could trigger severe market volatility and distort interest rate expectations.