US economy grows at tepid 1.2%; business spending softens
The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.
May 26, 2017, 19:09 PM IST
World stocks hit record after Fed minutes, oil up as OPEC meets
World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.
May 25, 2017, 15:27 PM IST
Fed rate hike marks normalisation of US monetary policy: Fitch
The Federal Reserve's move to hike interest rates by 25 basis points, only the third hike in over 10 years and second in 3 months, marks the beginning of a new phase of US monetary policy normalisation, says Fitch Ratings.
Mar 16, 2017, 12:50 PM IST
US economy added 235,000 jobs in Trump's first full month
US economy added 235,000 jobs in February due to gains in the construction and manufacturing sectors, according to the latest monthly employment report that represents President Donald Trump's first full month in office.
Mar 10, 2017, 20:58 PM IST
Would continue to engage with Trump admin on H1B issue: India
The government on Thursday tried to assuage concerns of Indian professionals over H1B visa, saying the steps taken by the US were aimed at illegal immigration and it would continue to engage with the Donald Trump administration on the issue.
Mar 09, 2017, 20:25 PM IST
US confirms disappointing growth in 2016
The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.
Feb 28, 2017, 19:15 PM IST
Top US CEOs call for overhaul of corporate tax code
A group of 16 powerful CEOs in the US today called for an overhaul of the corporate tax code and asked lawmakers to accept the controversial proposal that would reduce cost of exports but heavily penalise imports.
Feb 22, 2017, 00:02 AM IST
Indian economy projected to overtake US by 2040
The global economic order is expected to shift from advanced to emerging economies over the next few decades, and by 2040 India could edge past the US to become the world's second largest economy in purchasing power parity (PPP) terms, says a report.
Feb 07, 2017, 14:53 PM IST
US job growth slows, but wages rebound strongly
US employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.
Jan 06, 2017, 21:07 PM IST
US manufacturing growth picks up in December: ISM
US manufacturing posted the fourth straight month of faster expansion in December as new orders and output jumped, pointing to a growing economy, the Institute for Supply Management said today.
Jan 04, 2017, 00:31 AM IST
What the US Fed rate hike really means for emerging markets
The interest rate hike by the Federal Reserve reflects a strengthening US economy that will benefit emerging market economies but also make them vulnerable to volatile capital flows, Moody's Investors Service said today.
Dec 15, 2016, 13:21 PM IST
Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets
The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and U.S. debt yields hit near one-year highs on expectations that President-elect Donald Trump`s policies will boost the US economy.
Nov 18, 2016, 13:19 PM IST
World stocks choke on US election fears, pound powers on
Equity investors froze at the prospect of a tight finish to the US presidential race, with the US S&P 500 sliding for the ninth straight session, its longest fall since 1980.
Nov 05, 2016, 15:39 PM IST
US economy unemployment rate falls 4.9%
The US economy added a solid 161,000 jobs in October while the unemployment rate fell to 4.9%, according to Labor Department figures released on Friday. In a show of steady momentum in the world's largest economy, the department revised upward its jobs reports for the previous two months by a total of 44,000 positions, taking the average for the past three months to a strong 176,000 new jobs.
Nov 05, 2016, 14:47 PM IST
US economy accelerates to 2.9 percent, hits fastest pace in two years as election looms
US economic growth accelerated to a 2.9 percent annual rate in the third quarter boosted by a big jump in exports and solid consumer spending, the Commerce Department reported Friday.
Oct 28, 2016, 22:12 PM IST
Fed's Yellen says ''high-pressure'' policy may be only way back from crisis
The Federal Reserve may need to run a "high-pressure economy" to reverse damage from the crisis that depressed output, sidelined workers and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short.
Oct 15, 2016, 01:12 AM IST
US factories rebound, resisting global downward pull
US factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the sluggish global economy.
Oct 04, 2016, 08:57 AM IST
Fed's primal divide: Is economy overheating or stuck in a rut?
Investors may be expecting a US interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between.
Sep 29, 2016, 11:44 AM IST
Donald Trump eyes 4% growth, 25 million new jobs in 10 years
Republican presidential hopeful Donald Trump laid out an aggressive economic vision Thursday, setting an ambitious goal of four percent growth and knocking rival Hillary Clinton for offering Americans nothing but a "welfare check."
Sep 16, 2016, 01:13 AM IST
Donald Trump presidency could cost US economy $1 trillion: Oxford Economics
The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday.
Sep 14, 2016, 02:17 AM IST
