Two years into the US government’s attempt to lure manufacturing of semiconductors and renewable energy back home, the president’s top national security aide, Jake Sullivan, offered a defense of his boss’s major economic choices.

IMF raised its 2024 and 2025 economic growth forecasts for the US - the only developed economy to see its outlook marked up for both years

The latest $325 million in proposed funds under the CHIPS and Science Act -- a package of incentives to boost research and US semiconductor production -- goes towards polysilicon manufacturer Hemlock Semiconductor

This year marks the third highest US deficit, behind 2021 and 2020, according to the Treasury

"You make it so high, so horrible, so obnoxious" companies will "come right away," Trump said.

US tariffs weigh on many industries. The American Apparel & Footwear Association (AAFA) estimates retail prices have risen five percent to 10 percent annually since 2020

Ahead of November's election, economists warn his policies could raise consumer prices and shake up global trade -- with unclear benefits to US production

Chinese Commerce Minister Wang Wentao's call with US Commerce Secretary Gina Raimondo was described by Beijing as "candid, in-depth and pragmatic".

Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects -- a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House

US dockers launched strike action on Tuesday in 36 ports on the East Coast and Gulf of Mexico. Around half of North America's maritime trade passes through those ports

"Tariffs are very blunt instruments," Georgieva, managing director of the International Monetary Fund, told CNBC in an interview.

The rate-cut lowers the cost of borrowing for consumers and businesses, bringing some relief to households weeks before November's presidential election -- even as the Fed works independently of the US administration

If Harris manages to defeat Republican candidate Donald Trump, she will likely face a much more constraining fiscal and political environment than her predecessors

The personal consumption expenditures (PCE) price index was up 2.2 percent from a year ago in August, down from 2.5 percent in July, the Commerce Department said

US Vice President Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said

"It reflects confidence on the part of the Fed that inflation has come way down and is on the path back to the two percent target, and that the risks with respect to inflation have really meaningfully diminished," Yellen told an event in Washington

The US Federal Reserve's decision to cut interest rates by half a percentage point gives consumers a much-needed psychological boost ahead of November's presidential election.

The Federal Reserve cut US short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt

How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle could depend on one factor more than most: the health of the US economy.

With inflation easing and the labor market cooling, it will likely be appropriate for the US Federal Reserve to make a series of interest rate cuts in the coming months, a senior official said Friday