US economy
US job growth beats expectations in April; unemployment rate steady at 4.3%
The report bolstered financial market views that the Fed would leave interest rates unchanged into 2027
US labour market stable as layoffs remain low
Employers have so far this year announced 300,749 job cuts, down 50 per cent from the same period in 2025
US firms add 109,000 jobs, most since early 2025, ADP says
Employment growth was fuelled by businesses with fewer than 20 employees and those with 500 or more
Imbalances are back on the global agenda
Policymakers must overcome the mercantilist fallacy that the way to get rich is by running surpluses forever
China thinks America is declining but still uniquely dangerous
It sees Donald Trump as both symptom and accelerant of this deterioration
US job openings drop in March; hires increase sharply
Economists see growing downside risks to the labour market from the US-Israeli war
US trade gap widened in March as imports outpaced exports
The value of imports rose 2.3 per cent, reflecting a rise in inbound shipments of motor vehicles and consumer goods
Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026
US inflation remains well above the Fed’s 2 per cent target
US growth picks up in the first quarter
Rising costs fuel American frustration as most disapprove of President Trump’s economic stewardship
As Fed holds rates steady, there are divisions over what the next moves will be
Outgoing chief Powell wants to stay on as a governor mainly as a guard dog for the central bank’s continued independence
