US jobless rate falls to 5.3% but wages refuse to budge
The Labour Department said that the unemployment rate fell from 5.5 per cent in May.
Jul 02, 2015, 20:33 PM IST
US economy contracts mildly in Q1, but growth rebounding
The US economy contracted in the first quarter but less than previously estimated as it struggled with bad weather, a strong dollar, spending cuts in the energy sector and disruptions at West Coast ports.
Jun 24, 2015, 19:15 PM IST
US stocks move higher, pushing Nasdaq to new record
US stocks scored modest gains Tuesday amid positive US and eurozone data as investors kept a wait-and-see attitude on Greece`s potential debt deal.
Jun 24, 2015, 09:29 AM IST
Greece optimism lifts world stocks but strong dollar tempers euro
Signs that a deal could be at hand to stave off a Greek default lifted global shares on Tuesday and cut borrowing costs for euro zone countries seen as most vulnerable to the protracted crisis.
Jun 23, 2015, 15:11 PM IST
Fed keeps rate unchanged; calls US growth `moderate`
The Federal Reserve left its benchmark interest rate unchanged at near zero Wednesday, while describing US economic growth as "moderate" after the winter slowdown.
Jun 18, 2015, 00:07 AM IST
Federal Reserve policy statement: Full text
The US Federal Reserve`s policy arm, the Federal Open Market Committee, issued a statement Wednesday after a two-day meeting announcing it had kept unchanged its benchmark zero-level interest rate.
Jun 18, 2015, 00:05 AM IST
Fed says US economy still strong enough to handle rate hike
The U.S. economy is growing moderately after a winter swoon and likely strong enough to support an interest rate increase by the end of the year, U.S. Federal Reserve officials indicated on Wednesday.
Jun 18, 2015, 00:04 AM IST
US Fed expected to hold off on rate hike as economy picks up
Analysts expect the Federal Reserve to hold off on raising interest rates as it opens a two-day policy meeting on Tuesday, despite the economy`s rebound from a winter stall.
Jun 16, 2015, 22:41 PM IST
OECD indicator slips further for US economy
US economic growth is showing further signs of weakening while a recovery is gaining traction in euro zone countries such as France and Italy, the Organisation for Economic Co-operation and Development said on Monday.
Jun 08, 2015, 19:30 PM IST
US job growth surges, wages push higher in May
Nonfarm payrolls increased 280,000 last month, the largest gain since December, the Labor Department said on Friday.
Jun 05, 2015, 19:00 PM IST
Dollar rises ahead of May US jobs report
"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.
Jun 05, 2015, 10:45 AM IST
Dollar steady in Asia despite weak US GDP data
"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.
Jun 01, 2015, 12:05 PM IST
US economy contracts in first-quarter; dollar hurts corporate profits
The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.
May 30, 2015, 09:23 AM IST
US economy contracted 0.7% in first quarter
The US economy contracted at an annual rate of 0.7 percent in the first quarter of this year, the Commerce Department said Friday in a revised GDP estimate.
May 29, 2015, 19:02 PM IST
American IT industry calls for raising cap on H-1B visas
More than 545,000 tech jobs remain vacant in the US which is having a deep impact on Silicon Valley-based firms, American IT industry has said while arguing in favour of raising the cap on H-1B visas to attract brightest minds from across the globe.
May 27, 2015, 09:05 AM IST
G7 finance ministers to address faltering global growth
"The poor Q1 2015 performance follows growth of just 2.2 percent in Q4 2014, so there has been very little growth over the last couple of quarters," said Joseph LaVorgna, chief U.S. economist at Deutsche Bank.
May 24, 2015, 14:54 PM IST
US Senate votes to grant Obama fast-track power on trade deals
Attention now turns to the House of Representatives, where opposition is deeper to granting the president power to negotiate trade deals that can be approved or rejected by Congress but not amended.
May 23, 2015, 08:20 AM IST
Fed's Yellen expects rate hike 'some point this year'
Janet Yellen said Friday she expects the Federal Reserve to begin raising interest rates "at some point this year," saying delaying the long-awaited move risks the economy overheating.
May 22, 2015, 22:44 PM IST
US inflation steadies in April
The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.
May 22, 2015, 18:54 PM IST
Fed still seen in lift-off mode as Yellen takes centre stage
The US Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy`s recent weakness, current and former Fed officials say.
May 22, 2015, 09:11 AM IST
