Tag: US

The numbers: Orders for long-lasting goods rose a stronger-than-expected 0.2% in August, but the increase mostly stemmed from higher defense spending as the U.S. sought to replenish military hardware sent to Ukraine.

WASHINGTON, Sept 27 (Reuters) – The fourth partial shutdown of the U.S. government in a decade was four days away on Wednesday, with House Republicans preemptively rejecting a bipartisan bill advancing in the Senate that would fund agencies through mid-November.

Going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility. I am not sure if the world is prepared for 7%.

The federal government is barreling toward a shutdown.

The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.

The UAW is threatening to expand its strike on Friday against Big Three automakers General Motors , Ford Motor , and Chrysler parent Stellantis STLA , and many observers are assuming it’s a done deal. 

Inflation at the wholesale level rose more than expected in August, countering recent data showing that price increases have tempered lately.

Inflation posted its biggest monthly increase this year in August as consumers faced higher prices on energy and a variety of other items.

Initial jobless claims fell by 13,000 to 216,000 in the week ended Sept. 2, the Labor Department said Thursday. This is the lowest level since mid-February.

Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more evidence to convince her that inflation has been tamed.

For the third time since June, Investment bank Goldman Sachs GS –0.09% lowered the odds on a recession hitting the U.S. in the next 12 months.

The U.S. added more jobs than expected in August, a sign of resilience for a labor market under pressure from Federal Reserve interest rate hikes.

China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.

Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly resilient U.S. economy might be starting to ease under pressure from higher interest rates.

Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.

James Bullard, who was the longest tenured of the 12 regional Federal Reserve Bank presidents when he stepped down last month, thinks the U.S. economy faces new risks of stronger growth that could require higher interest rates to keep up the fight against inflation in the months ahead.

U.S. Secretary of Commerce Gina Raimondo is set to visit China from Aug. 27 to 30, both countries announced Tuesday.

China’s Ministry of Commerce signaled Thursday it would respond, if needed, to the Biden administration’s executive order to restrict U.S. investments in advanced Chinese technology.

Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger than expected showing for the month, the Commerce Department reported Tuesday.

A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase.