Fed upbeat on U.S. economy despite global turmoil
The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year.
Jan 29, 2015, 02:01 AM IST
Fed opens policy meeting with rate hike looming
The Federal Reserve opened its first monetary policy meeting of the year Tuesday to take the pulse of the US economy and mull the first interest rate hike since 2006.
Jan 28, 2015, 00:10 AM IST
US Fed faces red flags as it taxis toward rate liftoff
The Federal Reserve taxis toward a liftoff this year in interest rates in a meeting that begins Tuesday, with signs of weakness in the US economy raising questions about timing.
Jan 26, 2015, 22:58 PM IST
US consumer sentiment at highest in 11 years
US consumer sentiment rose to its highest on gains in jobs and wages and on lower gasoline prices.
Jan 17, 2015, 00:12 AM IST
Global economic outlook glum despite cheaper oil: IMF
A sharp drop in oil prices and a stronger U.S. economy probably won`t be enough to brighten the outlook for global growth this year, the head of the International Monetary Fund warned on Thursday.
Jan 16, 2015, 00:16 AM IST
Gold price jumps to 4-month high on tumbling shares after SNB move
U.S. gold futures for delivery in February rose 1.4 percent to $1,252.30 an ounce.
Jan 15, 2015, 19:44 PM IST
US economy continues broad expansion: Federal Reserve report
The US economy kept up "modest" or "moderate" growth in recent weeks, although lower oil prices were hitting the Dallas region, according to a Federal Reserve report released Wednesday.
Jan 15, 2015, 05:03 AM IST
Significant drop in US budget deficit
The federal government uses a fiscal year that begins in October; on that basis, the 2014 fiscal year ended in September saw a deficit of USD 483 billion, the lowest of Barack Obama's presidency, it said.
Jan 14, 2015, 10:28 AM IST
Wall Street rallies for second day on Fed, ECB lift
US stocks climbed on Thursday, a day after equities snapped a five-day losing skid, on expectations for continued acceleration in the US economy and more aggressive action by the European Central Bank.
Jan 08, 2015, 22:09 PM IST
America's resurgence is real: Barack Obama
Hailing the revival of economy and jobs growth in the US, President Barack Obama has said that the worst of the crisis is over and there is no looking back.
Jan 08, 2015, 16:08 PM IST
Obama takes US economic bright spell on the road
Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit.
Jan 07, 2015, 23:52 PM IST
US trade deficit shrinks sharply in November
The US trade deficit shrank sharply in November to the smallest gap in nearly a year as imports fell more than exports, government data released Wednesday showed.
Jan 07, 2015, 21:30 PM IST
US service-sector growth slows in December
The US economy`s service sector slowed in December, with a deceleration in business activity, new orders and prices, according to the Institute for Supply Management`s survey released Tuesday.
Jan 07, 2015, 00:23 AM IST
US factory sector suffers end-of-year chill
The US factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy is weighing on the United States.
Jan 02, 2015, 22:33 PM IST
US jobless claims drop for fifth week in a row
New claims for US unemployment insurance fell last week for the fifth week in a row, according to government figures published Wednesday.
Dec 24, 2014, 21:27 PM IST
Dow tops 18,000 for 1st time on strong US growth
The Dow stock index topped 18,000 for the first time Tuesday, rising in the opening moments of trade following a strong report on US economic growth.
Dec 23, 2014, 22:53 PM IST
US stocks soar to new record as growth accelerates
The Dow stock index climbed above 18,000 for the first time ever Tuesday after government data estimated third-quarter US economic growth at a spectacular five percent.
Dec 23, 2014, 22:36 PM IST
US economy grows 5% in Q3, highest in 11 years
Federal Reserve Chair Janet Yellen last week said the US economy is improving steadily, but said the labor market still needs to strengthen and signalled that interest rates would remain low for months.
Dec 23, 2014, 19:42 PM IST
Gold below $1,200/oz on dollar, shares; heads for weekly loss
Gold edged lower on Friday, struggling with the $1,200 an ounce mark as the dollar firmed and investor appetite for risk increased on expectations of rising US interest rates.
Dec 19, 2014, 23:54 PM IST
European stocks set for biggest weekly gain of 2014
The gains came amid relief that the Federal Reserve appears in no rush to withdraw stimulus from the US economy and as investors began to see the advantages of lower oil and fuel costs that should ultimately help global growth.
Dec 19, 2014, 18:59 PM IST
