latest news in economy
Trading San Francisco for Singapore: The Financial Shift Driving Americans to Renounce Their Citizenship
San Francisco, Tuesday, 28 April 2026.
Driven by exorbitant living costs, US professionals are relocating to Singapore. Strikingly, some are now renouncing their American citizenship to secure affordable homeownership and lower taxes.
Ginnie Mae Corrects Reporting Flaw That Triggered a False Housing Market Alarm
Washington, Tuesday, 28 April 2026.
Ginnie Mae corrected a reporting flaw that falsely inflated mortgage delinquency rates. The recent spike in defaults was merely a paperwork anomaly, not actual consumer financial distress.
Federal Reserve to Keep Interest Rates Unchanged at Jerome Powell's Final Meeting
Washington, Wednesday, 29 April 2026.
The Federal Reserve will likely keep interest rates unchanged today during Jerome Powell’s final meeting as chair, resisting political pressure amid an inflation spike fueled by global energy shocks.