US economy

Fannie and Freddie shares tank as doubt swirls about Trump plans

This comes after a 2025 public offering for the agencies did not materialise

The Fed is in the difficult position of needing to balance the risk of higher inflation amid a fresh shock and downside risks to the labour market, says Powell.

US Fed leaves interest rates unchanged, expects inflation to rise

Oil prices have jumped from below US$80 a barrel to US$108 ahead of the central bank’s policy decision

Under the Jones Act, goods shipped between US ports must be carried on vessels that are US-built, US-flagged and mostly US-owned.

US waives shipping regulation for 60 days to ease fuel and fertiliser deliveries

Petrol prices have surged and fertiliser supplies have been disrupted since the start of the conflict

In the 12 months through February, the PPI increased 3.4 per cent after advancing 2.9 per cent in January.

US producer prices surge in February on services

It surged 0.7% last month, lifted by services

Housing affordability has become ⁠an increasingly potent political issue ahead of the November midterm elections.

US pending home sales unexpectedly rebound in February on lower mortgage rates

The pending home sales index rebounded 1.8% last month to 72.1

Construction spending for data centres has climbed steadily in recent years.

Data centres overtake offices in US construction-spending shift

Tech companies have made data centres the latest darling of the real estate industry

Manufacturing output, which accounts for three-fourths of total industrial production, rose 0.2 per cent.

US industrial production increases on factory, mining output

[WASHINGTON] US industrial production rose modestly in February, lifted by a second month of gains in manufacturing and mining output.

Oil has been hovering around US$100 a barrel after surging 35% in a week following the Feb 28 US-Israeli strikes on Iran.
NEWS ANALYSIS

Stuck between inflationary and deflationary forces, Fed almost certain to keep rates unchanged

Officials warn any rate-cut plans will be shelved until the aftershocks of the Iran war become clear

The economy is in a different place now, as the war in Iran has boosted energy prices and may take a toll on household sentiment.

US consumer spending barely rises after weaker GDP growth

Inflation-adjusted consumer spending increased 0.1% from the prior month

Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, were also unchanged in January

US core capital goods orders unexpectedly flat in January

Business spending on equipment slowed in the fourth quarter