Tag: US

Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Inflation showed further signs of cooling in June, according to a gauge released Friday that the Federal Reserve follows closely.

The U.S. employment cost index, the broadest measure of U.S. labor costs, rose 1% in the second quarter after gaining 1.2% in the first quarter, the Labor Department said Friday.

The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster than expected pace during the period, the Commerce Department reported Thursday.

WASHINGTON, July 26 (Reuters) – The Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the U.S. central bank’s past 12 policy meetings and possibly a last move in its aggressive battle to tame inflation.

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Goldman Sachs forecasts “all-time high” demand in oil markets leading to a “sizeable deficit.”

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Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down to 20% from 25% on the back of positive economic activity.

The U.K. Competition and Markets Authority extended the deadline of its review of Microsoft’s takeover of Activision Blizzard to August 29.

JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations as the company benefited from higher interest rates and better-than-expected bond trading results.

Wholesale prices rose a meek 0.1% in May, extending a string of weak readings that suggest inflation in the U.S. is likely to continue to decelerate.

Consumer prices rose at the slowest pace since March 2021 as inflation showed further signs of cooling in June, according to the latest data from the Bureau of Labor Statistics released Wednesday morning.

European stocks are the cheapest they’ve ever been compared with their US peers, according to Citigroup Inc. strategists who have adjusted their global asset allocation to reflect this view.

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market.

Yellen will discuss with China officials the importance of responsibly managing their bilateral relationship, communicating directly about areas of concern, and working together to address global challenges.

The unexpected jump in payrolls comes despite more than a year’s worth of Federal Reserve interest rate increases.

US Treasury secretary Janet Yellen will visit Beijing this week, marking the second trip by a cabinet official to China since ties between the world’s top two economies deteriorated earlier this year.

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.