Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Gold Prices Rise as Yen Rally Weakens Dollar 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
ECB Rate Hike in Focus as Oil Tops $100 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
German Inflation Accelerates to 2.9% in August 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Asian Stocks Mixed as Korean Chipmakers Rally 
South Korea GDP Surges on Chip and AI Boom 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
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Former President Donald Trump could roll back Biden’s student loan relief policies, leading to higher payments and less debt cancellation.
Impact on Borrowers
A reversal could affect low- and middle-income borrowers who have benefited from current income-driven repayment (IDR) reforms. If Vice President Kamala Harris wins the 2024 election, she may continue and expand Biden's policies, potentially canceling additional student and medical debt, according to The Washington Post.
Potential Changes to SNAP Benefits
Trump may also reduce Supplemental Nutrition Assistance Program (SNAP) benefits by $30 billion annually, adding financial pressure on lower-income households, as noted by The New York Times.
Trump’s approach is expected to include broader fiscal policy shifts, such as tax cuts and reduced government spending.
