US Fed cuts interest rate to 3.5–3.75%
The US Federal Reserve on Wednesday lowered its benchmark interest rate by 1/4 percentage point to 3-1/2 to 3‑3/4…
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US economy
Gold prices rebound on Wednesday
Gold rebounded on Wednesday, rising 0.4 per cent to $4,222.22 per ounce as investors bet on a Federal Reserve rate…
Gold prices rise on Monday
Gold prices inched higher on Monday as expectations of further US interest rate cuts supported the market ahead of…
The Fed’s Rate Cut: A Lesson in Institutional Independence amid Political Discord
On the evening of September 17, 2025, all eyes turned to Washington’s Eccles Building. After weeks of speculation,…
US Federal Reserve cuts interest rate by quarter point
The US Federal Reserve lowered its target range for the federal funds rate by 1/4 per cent to 4 to 4‑1/4 per cent…
The Federal Reserve between Independence and Politicisation: From Johnson to Trump
The establishment of the US Federal Reserve in 1913, in the aftermath of the banking panic of 1907, was intended to…
US budget deficit reaches $291b in July
The US federal budget posted a $291 billion deficit in July 2025, with total receipts of $338 billion and outlays…
US CPI rises 0.2% in July, annual rate at 2.7%
The US Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in July, after rising 0.3 percent…
US employment cost index 3.6% up in year to June 2025
Compensation costs for US civilian workers rose 3.6 per cent in the 12 months to June 2025, the US Bureau of Labour…
Sterling set for sharpest monthly drop since 2022
The pound sterling is on track for its steepest monthly loss against the US dollar since September 2022, as…
US cuts S. Korea tariffs in trade deal
The United States has reduced planned tariffs on South Korean imports to 15 per cent from a proposed 25 per cent,…
Federal Reserve maintains interest rates
The US Federal Reserve on Wednesday July 30, 2025, decided to maintain the target range for the federal funds rate…
EU, US seal landmark trade deal with 15% tariff cap
The European Union and the United States have struck a sweeping trade agreement stabilising tariffs at a single 15…
US reaches “massive deal” with Japan
The United States has reached a “massive deal” with Japan, under which Japan will invest $550 billion into the…
Fed trims US GDP growth outlook
The Federal Reserve lowered its 2025 growth outlook. It indicated only gradual interest rate cuts in the coming…
US Fed holds rates steady
The US Federal Reserve (Fed) left interest rates unchanged on Wednesday
US CPI-U rises 0.1% in May
US consumer prices (CPI-U) rose 0.1 per cent in May on a seasonally adjusted basis, after rising 0.2 percent in…
OECD warns of global growth slowdown
The OECD forecasts global economic growth to slow to 2.9 per cent in 2025 and 2026, down from 3.3 per cent last…
US economy contracts in Q1 ’25
The US economy shrank by 0.3 per cent annually in the first quarter of 2025, marking a reversal from the 2.4 per…
Fitch sees US growth slowing to a crawl in late 2025
The United States is headed for a sharp economic slowdown, with Fitch Ratings forecasting GDP growth of just 0.4…
Scope places US AA credit rating under review for downgrade
Scope Ratings has on Tuesday placed the United States’ AA long-term credit ratings under review for a possible…
Fed’s Waller warns tariff shock poses major risk to US economy, complicates policy path
US Federal Reserve Governor Christopher J. Waller said on Monday the recent spike in US tariffs has created…
Powell: Tariffs likely to raise inflation, Fed to hold rates
US Federal Reserve Chair Jerome Powell said on Friday that recent tariff hikes announced by the Trump…
Bitcoin extends losses amid market uncertainty
Bitcoin fell 4.2 per cent to $82,417.7 early Monday, nearing a four-month low as traders remained unimpressed by US…
US Fed in no rush to cut rates again – Powell
US Federal Reserve Chair Jerome Powell made it clear that the central bank is in no rush to adjust its monetary…
US real GDP growth revised higher in Q3
The US economy grew at an annual rate of 3.1 percent in the third quarter of 2024, according to the third estimate…
Fed’s Powell: Too soon to assess impact of Trump’s policies on economy
US Federal Reserve Chairman Jerome Powell stated on Wednesday that it remains too soon to determine how…
US Fed is not ‘looking for a law change’ to own bitcoin
US Federal Reserve Chair Jerome Powell said on Wednesday that the central bank has no plans to add bitcoin to its…
Powell describes Wednesday’s rate cut a ‘closer call’ but ‘right call’
US Federal Reserve Chair Jerome Powell described Wednesday’s decision to cut interest rates as a “closer call,”…
OPEC+ sees 3.1% global growth in ’24, oil demand up 1.6 mb/d
The Organization of the Petroleum Exporting Countries (OPEC+) has maintained a solid global economic outlook, with…
US trade deficit drops in Oct
The US trade deficit in goods and services decreased to $73.8 billion in October 2024, down $10.0 billion from the…
S&P Global: US service sector sees strong growth in Nov
The US service sector saw a notable acceleration in growth during November, with marked increases in both business…
S&P Global: US sectors show strong growth in Nov, financials best-performing
November data from S&P Global’s US Sector PMI® survey reveals a positive performance across most sectors of the…
US GDP grows at 2.8% annual rate in Q3 – BEA
The US real gross domestic product (GDP) expanded at an annual rate of 2.8 percent in the third quarter of 2024,…
BOJ’s policymakers divided on rate hikes
Bank of Japan policymakers were split on the timing of interest rate hikes, with concerns about market volatility…
URGENT: US GDP grows 2.8% in Q3
The US GDP grew at an annualised pace of 2.8 per cent in the third quarter of 2024, according to the advance…
Biden unveils $3b investment to strengthen US port infrastructure
US President Joe Biden announced on Tuesday a $3 billion investment from his Inflation Reduction Act to improve and…
Yen weakens as Japan election results raise uncertainty
Japanese yen dropped to a three-month low on Monday after Japan's ruling coalition lost its parliamentary majority…
China optimism fades, markets tumble
Chinese shares dropped on Wednesday, and commodities saw significant losses as investors tempered their optimism…
US-manufactured durable goods orders rise in August – data
New orders for US-manufactured durable goods in August, up six of the last seven months, increased $0.1 billion to…