US economy

Federal Reserve Bank of Kansas City President Jeff Schmid speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 29, 2026.

Fed’s Schmid says officials must signal commitment to inflation

FEDERAL Reserve Bank of Kansas City President Jeff Schmid said he remained focused on elevated inflation and officials should make it clear they’re willing to do what is needed to achieve price stabil...

Reserve Bank of St. Louis President Alberto Musalem speaking at the Reykjavik Economic Conference in Reykjavik, Iceland, May 28, 2026.

Fed’s Musalem says officials can’t rely on AI boom to fix inflation

Investors are betting there is more than a 50 per cent chance the Fed will raise rates by the end of the year

While President Donald Trump has said he wants Kevin Warsh (pictured) to act independently as Fed chair, political pressure to bring rates down isn’t far from the surface. 

Warsh’s new challenge: Containing Fed hawks as inflation simmers

Trump has said he wants Warsh to act independently as Fed chair

Non-defence capital goods orders excluding aircraft dropped 1.1 per cent last month after an upwardly revised 3.9 per cent jump in March.

US core capital goods orders fall in April

[WASHINGTON] New orders for key US-manufactured capital goods unexpectedly fell in April after hefty gains in the prior months, but demand remains underpinned by an artificial intelligence spending bo...

Profits from current production rose at a US$40.4 billion rate in the first quarter, a sharp slowdown from the US$246.9 billion growth pace in the fourth quarter.

US Q1 GDP growth revised lower to 1.6% pace

The downgrade to Q1 GDP estimate reflected downward revisions to inventory investment and consumer spending

Forty per cent of CEOs see the business climate worsening in the next six months, up from 13% in the previous survey.

CEOs turn pessimistic about US economy as supply risks mount

Nearly half of the respondents say the economic conditions are worse in Q2, from 8% in Q1

The average 30-year fixed-rate mortgage rose nine basis points to 6.65% in the week ended May 22.

US mortgage rate rises to nine-month high, worsening affordability again

Lack of housing supply is a key driver behind the lacklustre pace of home sales

The Conference Board said its consumer confidence index slipped 0.7 points to 93.1 this month.

US consumer confidence ebbs in May as inflation worries mount

Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified