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America One News
6 Feb 2024
#foreignaffairs
Breitbart: Japan Confirms Major Chinese Hack of Classified Documents
Japanese diplomatic telegrams were leaked by Chinese hackers in 2020, exposing Japan's poor cyber defenses. The government is hesitant to improve security measures due to privacy concerns.
#economy
The Epoch Times: Banks Tightened Lending Standards for Nearly All Loans in 4th Quarter: Fed
Lenders tightened their lending standards in Q4, requesting higher credit scores and interest rates, as borrowers showed little appetite for debt. Banks expect lending standards to remain unchanged in 2024, but forecast stronger loan demand. Despite tighter practices, consumer credit surged in November, and households anticipate easier credit access in the future. However, economists predict that tighter borrowing conditions may slow the economy in the first half of 2024 and could lead to interest rate cuts.
Breitbart: Breitbart Business Digest: The Market Finally Notices Powell Means Business on Holding Rates Steady
The market was hoping for a rate cut in March, but economic data and statements from the Federal Reserve indicated otherwise. However, some investors still clung to the hope of a cut, until January's strong jobs report convinced them otherwise. The market is finally starting to realize that a rate cut in March is unlikely.