US economy

US Fed’s Jefferson: sustained higher energy prices could worsen inflation, spending outlook

FEDERAL Reserve Vice Chair Philip Jefferson on Thursday said he is keeping a watchful eye on higher energy prices, which, if sustained, could worsen inflation but also slow consumer and business spend...

Initial claims for state unemployment benefits increased 5,000 to a seasonally adjusted 210,000 for the week ended March 21.

US weekly jobless claims increase slightly

Claims have been tucked in a 201,000-230,000 range this year amid low layoffs

American consumers can already see the impact when buying petrol or plane tickets.

US recession risks begin to rise as war dims economic outlook

Several firms say inflation will now be closer to 3% this year than 2%, eating into disposable incomes and keeping a lid on hiring

The acceleration in import prices underscores a growing risk of a resurgence in inflation as companies face higher energy costs tied the Iran war.

US import prices jumped by the most since 2022

Import prices increased 1.3% from the prior month

The precise magnitude of the shock the US will face as a result of its war of choice in Iran is difficult to predict, given the array of factors at play.

America’s war, America’s recession

Why the US is particularly poorly positioned to weather a food and energy-price shock

Prices paid for materials and other inputs picked up in the wake of the US-Israel war with Iran.

US business activity growth cools as prices rise on Iran war

The S&P Global flash March composite index fell 0.5 point to 51.4

Nonfarm productivity, which measures hourly output per worker, increased at a downwardly revised 1.8 per cent annualised rate last quarter.

US Q4 productivity growth revised sharply lower

Productivity grew at a 2.5% rate from a year ago

San Francisco Federal Reserve Bank President Mary Daly said a protracted Iranian conflict could increase the risk of higher inflation but also a weaker labour market.

US Fed’s Daly says no single most-likely path for rates

SAN Francisco Federal Reserve Bank President Mary Daly on Monday said that unless the Iran conflict resolves quickly and the Fed can simply “look through” a temporary increase in oil prices, it is not...