US economy

Xi’s export machine gets lift from US move to strongarm allies

Beijing is also pushing to revive the EU-China Comprehensive Agreement on Investment

US Chamber of Commerce CEO Suzanne Clark noted that firms are engaging in 'quiet work' to promote policy behind the scenes rather than 'rushing to outrage'.
NEWS ANALYSIS

American CEOs push back on Trump ... mildly

Trump’s approval rating on the economy currently stands at a lacklustre 36%

Trump is seeking to allow savers in 401(k) retirement plans to use some of their money for down payments on a home purchase.

Trump’s 401(k) housing plan risks Americans’ retirement security

Some financial planners see an upside to providing more flexibility to would-be homebuyers

Federal Reserve chair Jerome Powell seems to have internalised that letting politicians dictate monetary policy can have lasting consequences.

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...