US economy
US consumer confidence tumbles in December
US CONSUMER confidence languished at a multi-month low in December as a slowing job market offset better sentiment after the government shutdown ended, according to a survey released on Tuesday.
US economic growth accelerates in Q3
The government shutdown and rising living costs are expected to slow growth, potentially reducing Q4 GDP
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it should help open the door for more interest rate cuts next year.
Trump vows economic boom, blames Biden in address to nation
The US president faces growing voter anger over the issue of affordability despite trying to dismiss it as a Democratic ‘hoax’
US annual consumer prices increase less than expected in November
The smaller CPI rise likely reflects delayed data capture late in the month amid holiday discounts
US weekly jobless claims fall as seasonal volatility persists
Claims have see-sawed in recent weeks, reflecting challenges adjusting the data around the Thanksgiving holiday
Trump says next Fed chair will believe in lower interest rates ‘by a lot’
[WASHINGTON] US President Donald Trump said on Wednesday the next chairman of the US Federal Reserve will be someone who believes in lower interest rates “by a lot.”
US retail sales unexpectedly unchanged in October
Lower- and middle-income households are disproportionately impacted by the soaring cost of living
US job growth beats expectations in November; jobless rate at 4.6%
[WASHINGTON] US job growth rebounded in November after non-farm payrolls declined in October because of government spending cuts, but the unemployment rate was at 4.6 per cent as the labour market wea...
US Fed faces dual-mandate challenge amid a divided path forward
No clear policy prescription exists as policymakers balance sticky inflation against labour market risks
