Tag: US

ecretary of State Antony Blinken reiterated the U.S.’ position on its One China policy as he met with China’s leader Xi Jinping Monday, saying it does not support Taiwanese independence and that containing China’s economy was not an American goal.

China and the United States agreed on Monday to try and stabilise their intense rivalry to avoid veering into conflict, but did not announce any major breakthroughs during a rare visit to Beijing by U.S. Secretary of State Antony Blinken.

A top U.S. bank regulator said on Wednesday that while banks have strengthened their liquidity after the spring banking crisis, firms must remain on guard for looming risks.

Spending at US retailers rose last month, in a sign that consumers are still fueling the economy.

Prior month 2.3% year on year and 0.2% month-to-month

The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off the Federal Reserve to continue raising interest rates, the Labor Department reported Tuesday.

Stock futures were little changed on Thursday morning as investors awaited fresh economic data ahead of next week’s Federal Reserve meeting.

The number of people who applied for U.S. unemployment benefits in early June jumped to a nearly two-year high of 261,000, but most of the increase took place in just two states: Ohio and California.

Given the overall banking environment, it’s likely for some smaller banks to consolidate, Treasury Secretary Janet Yellen said Wednesday morning.

The Senate late Thursday passed a House-approved bill to raise the debt ceiling and cap government spending for two years, sending the legislation to President Joe Biden’s desk .

The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday.

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations, according to a report Thursday from payroll processing firm ADP.

The agreement between President Joe Biden and House Speaker Kevin McCarthy to lift the federal debt limit has received opposition from both Democrats and Republicans.

American equity futures made modest gains after Friday’s strong showing on Wall Street, while European stocks wavered amid cautious optimism the US will avert a catastrophic default after the weekend’s tentative deal.

Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely.

On Thursday, revisions to first quarter economic data showed the economy grew faster than initially expected despite inflation coming in higher than first noted.

Urgent talks to raise the U.S. debt ceiling appeared to move closer to a deal Thursday, with only seven days to go before the United States faces an imminent threat of debt default.

US economic growth in the first three months of the year was faster than previously estimated, the Commerce Department reported on Thursday.

Wall Street’s focus is turning to at-risk U.S. Treasury debt payments as the deadline to raise the government’s $31.4 trillion borrowing limit or risk default ticks closer.

Stock futures rose Friday morning as investors eye updates in the ongoing debt ceiling debate and digest a better-than-feared first-quarter earnings season.