The Federal Reserve on Thursday lowered key interest rates by a quarter of a percentage point, its third consecutive rate cut this year that is widely anticipated by the market amid easing inflation concern. For next year, however, the outlook for additional cuts is more cautious.
The US economy added 227,000 jobs in November, rebounding sharply from the disruptions caused by storms and a major strike that hampered growth in October.
The Bureau of Customs (BOC) on Sunday uncovered nearly P2 billion worth of illegal goods, including dried tobacco, counterfeit products, and used clothing, in a series of operations at several warehouses in Bulacan.