Tag: US

The cost of goods and services rose a scant 0.1% in May and pointed to a gradual easing in U.S. inflation, but prices are still rising sharply in key parts of the economy.

Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an aggressive pace.

The U.S. economy showed much stronger than expected growth in the first quarter than previously thought, according to a big upward revision Thursday from the Commerce Department.

China’s artificial intelligence stocks fell Wednesday after the Wall Street Journal reported that the U.S. is planning to impose new curbs on shipments of AI chips to China.

The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession in 2024,” according to HSBC Asset Management.

The U.S. and India are set to announce a slew of defense and technology collaborations on Thursday during Prime Minister Narendra Modi’s state visit, U.S. officials said.

Sales of previously owned homes were essentially flat in May compared with April, according to the National Association of Realtors.

Prior week 262K revised to 264K.

Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.

U.S. Secretary of State Antony Blinken said Monday he failed to revive military-to-military talks with China, despite earlier hopes of reopening that communication channel.

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 .