US economy

US manufacturing mired in weakness; construction spending falls

US manufacturing contracted at a moderate pace in August amid some improvement in employment, but a further decline in new orders and rise in inventory suggested factory activity could remain subdued for a while
4 September 2024, 06:42 AM

Price cuts will lift US vibes only so much

Since 2019, the 25 percent of American workers with the lowest wages have been paid 5.4 percent more a year on average, compared with 3.8 percent raises for the country’s top 25 percent of earners
11 June 2024, 14:39 PM

Higher US food prices lead to a shift in shopping habits

Consumer inflation data published Thursday showed that food prices rose by 2.2 percent in the 12 months to April -- masking some sharp differences between items.
18 May 2024, 06:15 AM

US consumer inflation eases slightly in April, sending stocks higher

The annual consumer price index (CPI) came in at 3.4 percent in April, down 0.1 percentage point from March
16 May 2024, 07:16 AM

IMF's Gopinath says high U.S. deficits fueling growth, higher interest rates

Gopinath told a fiscal forum at the IMF and World Bank spring meetings that US deficits are projected to rise for years with one of the world's steepest curves for debt.
21 April 2024, 05:11 AM

A global state of disunion

In other words, the world is in disunion not just from wealth and income disparities, but through the widening digital and knowledge application gaps.
27 March 2024, 06:41 AM

US consumer inflation up unexpectedly in February

The consumer price index (CPI) came in at 3.2 percent last month
13 March 2024, 05:52 AM

US labor market cooling; unemployment rate rises to two-year high of 3.9%

The jump in the unemployment rate after holding at 3.7 percent for three straight months reflected a further decline in household employment
9 March 2024, 06:21 AM

Are the Fed and Biden engaged in a duel?

The Federal Reserve System (Fed), the arbiter of monetary policy in the US, is facing a number of challenges
3 March 2024, 04:00 AM

What US economic measures can be expected if Trump is reelected?

From tax cuts to new trade conflict with China, re-electing Trump will have a major economic impact
25 January 2024, 05:04 AM

As inflation slows, Europe Inc must show off its margin might

More companies are downgrading their earning estimation in the face of various economic and geopolitical factors
22 January 2024, 07:57 AM

US bankruptcies surged 18% in 2023 and seen rising again in 2024 -report

Higher interest rates are among the reasons the US has seen a surge in bankruptcy filings
4 January 2024, 06:25 AM

IMF's Georgieva says Americans should 'cheer up' about falling inflation

IMF's managing director Kristalina Georgieva is hopeful about the US economy as inflation declines further
3 January 2024, 06:21 AM

US third-quarter economic growth seen fastest in nearly 2 years

The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher wages from a tight labor market helped to power consumer spending.
26 October 2023, 06:19 AM

Down on the Biden economy

Why do voters give Biden’s economy a lousy 36 percent approval rating?
25 September 2023, 05:00 AM

JPMorgan raises US economic growth estimate, no longer expects 2023 recession

JPMorgan's chief economist said on Friday the bank is no longer forecasting a US recession this year and has raised its economic growth estimate as the economy expands at a "healthy pace."
6 August 2023, 08:24 AM

Top 10 economies to watch in 2023

It is hard to ignore the growing consensus among economists that the combination of inflation and interest rate hikes alongside tempered Chinese demand and US economic uncertainty could be the perfect storm for a global recession.
1 January 2023, 09:01 AM

Bad economic policies and Biden’s loss

One of the few axioms of US politics is the loss of seats by the president's party in midterm House elections
12 November 2022, 14:17 PM

Explainer: Is the US in a recession?

A first read on US economic growth last quarter, due out Thursday, will amplify an ongoing debate over whether the country is, or will soon be, in recession.
28 July 2022, 08:22 AM

Ready or not for the next recession?

A sunny day is the best time to check whether the roof is watertight. For economic policymakers, the proverbial sunny day has arrived:
13 January 2018, 18:00 PM