US economy

A decline in net exports, which can be volatile from quarter to quarter, masked strength in underlying demand.

US GDP grows less-than-expected 1.5% despite strong consumers

[WASHINGTON] The US economy grew at a weaker-than-expected pace in the second quarter despite a pickup in consumer spending and solid business investment.

2026-07-30T13:39:09.000Z

A Reuters survey of economists forecast US GDP likely increased at a 2.1 per cent annualised rate last quarter.

International

Consumers, AI spending likely supported US economic growth in the second quarter

Economists expect the Fed to raise interest rates as soon as September to quell inflation

2026-07-30T05:07:13.000Z

This was Fed chief Kevin Warsh’s second Federal Open Market Committee meeting since he took over from Jerome Powell in May.

Companies & Markets

NEWS ANALYSIS

After keeping rates intact, Fed’s Warsh shifts focus back to lowering inflation

The odds of a hike in September are now 50-50, according to some analysts

2026-07-30T04:00:00.000Z

US Federal Reserve Chairman Kevin Warsh speaking during a press conference in Washington, DC, July 29, 2026.

Global Enterprise

Divided US Fed leaves rates unchanged as Warsh vows not to ‘waver’ on inflation

The Fed chief had said he had “no tolerance” for inflation that has been running above the central bank’s target 2%

2026-07-29T21:39:32.000Z

The goods trade gap contracted 4.2 per cent to US$101.5 billion last month.

International

US goods trade deficit contracts less than expected in June

Exports of goods fell US$3.8 billion to US$204.7 billion

2026-07-28T13:22:49.000Z

Non-defence capital goods orders rose 0.9 per cent last month after an upwardly revised 1.9 per cent increase in May.

International

US core capital goods orders increase strongly in June

[WASHINGTON] New orders for key US-manufactured capital goods increased strongly in June while shipments surged, pointing to a fairly solid pace of economic growth in the second quarter.

2026-07-27T13:37:40.000Z