US economy

Why Fed chair Jerome Powell had to say no

History makes a strong case for central bank independence

Eight of the 12 Fed banks reported increased economic activity, and eight reported mostly no change in hiring, the report said.

Fed survey suggests slight upgrade to US economy

Financial markets expect the Fed to leave interest rates unchanged at its January meeting

Spending is largely driven by higher-income households, with lower-income consumers struggling to cope with the rise in the cost of living.

US retail sales beat expectations in November

Retail sales rose 0.6% after a downwardly revised 0.1% drop in October

Economists see the nation’s housing market rebounding gradually this year, with builders continuing to entice customers with incentives while waiting for a further decline in mortgage rates.

Sales of new US homes hold close to fastest pace since 2023

Builders are drawing anxious customers with price cuts and incentives

The choice of the next Fed chair should be guided by the objectives set by Congress, not by President Trump’s political interests and personal whims.

The last days of Fed independence?

If Trump appoints a pliant Federal Reserve chair and monetary policy is loosened, it could stoke inflation and hurt global economic stability

Following Friday’s US payrolls data, economists and strategists at JPMorgan Chase & Co. said they no longer see a rate cut this year and instead predict a hike in 2027.

Growing number of options traders see no Fed cuts in 2026

A steadying labour market gives central bankers less reason to keep cutting rates

Richmond Federal Reserve President Tom Barkin said that inflation in the US is higher than the target 2 per cent but that it does not seem to be accelerating.

Fed’s Barkin says central bank independence means better economic outcomes 

RICHMOND Federal Reserve President Tom Barkin on Tuesday declined to comment on “stuff that’s been in the news,” a reference to the Trump administration’s threat of indictment against Fed Chair Jerome...

The pick-up in consumer inflation followed news last week that the unemployment rate dipped in December even as job growth was tepid.

US consumer prices increase as expected in December

The Consumer Price Index rose 0.3% last month

New York Federal Reserve Bank President John Williams said that it’s critical for the Fed to get inflation back to the 2 per cent target “without creating undue risks” to the job market.

US Fed’s Williams says monetary policy well positioned amid a favourable outlook

He said that it’s critical for the Fed to get inflation back to its 2 per cent target

Manufacturing employment in the US is now lower than it was for much of Trump’s initial term, which ran from 2017 until his loss to Biden in the 2020 election.

US factory headcount falling despite Trump’s promised manufacturing boom

Overall, hiring has been narrowly focused, with a measure of hiring breadth showing more industries shedding employment than adding