New home sales in the U.S. dropped last month as mortgage rates have soared.
According to the U.S. Census Bureau, new home sales fell 5.6% in October, more than expected.
Read MoreNew Home Sales in October Drop More than Expected
Tag: U.S. Federal Reserve
China Tried to Plant Spies Inside the Federal Reserve and Kidnap Economist, Congress Finds
China has carried out a sustained, decade-long economic espionage operation to infiltrate the U.S. Federal Reserve, according to a report released Tuesday by the Republican staff of the Senate Homeland Security and Governmental Affairs Committee.
Chinese operatives have employed both bribery and coercion to garner influence with employees of the Federal Reserve system in attempts to get them to provide sensitive information about the U.S. economy to the Chinese Communist Party (CCP), the report shows. At least 13 individuals across eight of the Fed’s 12 locations were identified as persons of interest in the report for having ties with Chinese government institutions and talent recruitment programs.
Read More