Fed’s Powell says US making ‘modest’ progress on inflation WASHINGTON: The US Federal Reserve is making “modest” progress in its inflation fight, the head of the US central... Published 09 Jul, 2024 07:38pm
World Slowdown or not? US job market walking a tight rope WASHINGTON: The number of “Help Wanted” signs may have decreased across the United States in August, but the job... Published 02 Sep, 2022 10:09am
World Revisions confirm steep decline in US productivity in second quarter WASHINGTON: US worker productivity plunged in the second quarter, leading to the largest year-on-year decline on... Published 01 Sep, 2022 06:25pm
World Fed’s Mester: interest rates need to rise ‘somewhat above’ 4% The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them... Published 31 Aug, 2022 05:43pm
World US job openings rise in July; vacancies revised higher WASHINGTON: US job openings increased in July, showing no signs that demand for labor was slowing, which could keep... Published 30 Aug, 2022 08:40pm
World Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says WASHINGTON: The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new... Published 30 Aug, 2022 08:28pm
World US consumer spending misses expectation in July; inflation slows WASHINGTON: US consumer spending barely rose in July, but inflation eased considerably, which could give the Federal... Published 26 Aug, 2022 07:11pm
World Fed officials say no call yet on 50 vs 75 bps rate hike in September JACKSON: U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase... Published 25 Aug, 2022 07:02pm
World Revision shows mild U.S. economic contraction in second quarter WASHINGTON: The U.S. economy contracted at a moderate pace than initially thought in the second quarter as consumer... Published 25 Aug, 2022 06:11pm
World US job growth beats expectations; unemployment rate steady at 3.6% WASHINGTON: US employment increased more than expected in May, while the unemployment rate held steady at 3.6%,... Published 03 Jun, 2022 05:46pm
World U.S. labor market stays strong; unemployment rolls smallest since 1969 WASHINGTON: The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as... Published 02 Jun, 2022 09:20pm
World US consumer confidence edges down in May; house prices soar in March WASHINGTON: US consumer confidence eased modestly in May as persistently high inflation and rising interest rates... Published 31 May, 2022 09:44pm
Markets US consumer spending beats expectations in April; inflation likely peaked WASHINGTON: US consumer spending rose more than expected in April, while annual inflation appeared to have peaked,... Published 27 May, 2022 05:59pm
Markets US weekly jobless claims fall; corporate profits sag in first quarter WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week as... Published 26 May, 2022 07:04pm
Markets US business spending on equipment shows signs of slowing in April WASHINGTON: New orders for US-made capital goods rose less than expected in April, pointing to some moderation in... Published 25 May, 2022 06:32pm
World U.S. new home sales hit two-year low; prices surge WASHINGTON: Sales of new U.S. single-family homes tumbled to a two-year low in April likely as higher mortgage rates... Published 24 May, 2022 08:33pm
World US business activity slows in May, survey shows WASHINGTON: US business activity slowed moderately in May as higher prices cooled demand for services while renewed... Published 24 May, 2022 06:52pm
World Big Fed rate hikes ahead, amid early signs hot inflation is peaking US Federal Reserve policymakers look set to deliver a series of aggressive interest rate hikes at least until the... Published 29 Apr, 2022 08:57pm
World US consumer spending accelerates; wage inflation rising WASHINGTON: US consumer spending rose more than expected in March amid strong demand for services, while monthly... Published 29 Apr, 2022 07:29pm
World US economy unexpectedly contracts in first quarter WASHINGTON: US economic growth unexpectedly contracted in the first quarter as a resurgence in COVID-19 cases... Published 28 Apr, 2022 08:20pm
World US Treasury’s Yellen calls for better automatic stabilizers to fight recessions WASHINGTON: US Treasury Secretary Janet Yellen on Thursday called for a modernization of the US unemployment... Published 28 Apr, 2022 07:56pm
World US existing home sales fall; house prices hit record high WASHINGTON: US home sales fell more than expected in March as house prices hit a record high despite some... Published 20 Apr, 2022 07:34pm
World Home prices seen rising, renters see purchase prospects fade: NY Fed survey U.S. households expect home prices and rents to rise sharply this year, and while growth in both are then seen... Published 18 Apr, 2022 09:20pm
World US consumer mood brightens in early April, survey shows US consumer sentiment rebounded unexpectedly in early April from a decade low with the strong job market lifting the... Published 14 Apr, 2022 08:25pm
World US mortgage interest rates top 5%, buyers look to lock in rates The average interest rate on the most popular US home loan rose to more than 5% last week, the highest level since... Published 13 Apr, 2022 08:19pm
World Goods, services drive U.S. producer prices higher WASHINGTON: U.S. monthly producer prices increased by the most in more than 12 years in March amid strong demand for... Published 13 Apr, 2022 08:08pm
Markets US consumer prices increase most in 16-1/2 years in March In the 12 months through March, the CPI accelerated 8.5%, the largest year-on-year gain since December 1981 Published 12 Apr, 2022 05:57pm
Markets US retail sales increase moderately in February WASHINGTON: US retail sales rose moderately in February as more expensive gasoline and food forced households to cut... Published 16 Mar, 2022 06:28pm
World US producer prices increase strongly in February WASHINGTON: US producer prices rose solidly in February, and further gains are likely amid higher prices of crude... Published 15 Mar, 2022 06:28pm
Markets US consumer prices accelerate in February; weekly jobless claims rise WASHINGTON: US consumer prices surged in February, culminating in the largest annual increase in 40 years, and... Published 10 Mar, 2022 06:58pm