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US Economy

US shoppers spent more at retailers last month in latest sign consumers are driving growth

US shoppers spent more at retailers last month in latest sign consumers are driving growth

Fri, Oct 18, 2024

Sales at gas stations fell, because of lower pump prices. The retail sales figures aren't adjusted for inflation, and the prices of goods fell slightly last month.

US inflation likely cooled to over 3-year low in latest sign of healthy American economy: Survey

US inflation likely cooled to over 3-year low in latest sign of healthy American economy: Survey

Thu, Oct 10, 2024

The US consumer price index is expected to have risen just 2.3 per cent in September from 12 months earlier, down from the 2.5 per cent year-over-year increase in August, according to economists surveyed by FactSet, a data provider.

US GDP growth at 3% in June quarter, in line with economists' expectations

US GDP growth at 3% in June quarter, in line with economists' expectations

Thu, Sep 26, 2024

The world's largest economy registered expansion of 3 per cent in the April-June period, the same level recorded in the previous quarter and in line with economists' expectations.

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Asian markets edge up slightly after strong US service data

Asian markets edge up slightly after strong US service data

Thu, Oct 05, 2017

In Asia on Thursday, trade is expected to remain subdued with China, Hong Kong and South Korea closed for public holidays and analysts cautioning against reading too much into index moves.

US Fed announces plan of $4.5 trillion balance sheet reduction

US Fed announces plan of $4.5 trillion balance sheet reduction

Thu, Sep 21, 2017

"Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," said the Fed in a statement

US Federal Reserve minutes in view, stocks shift higher

US Federal Reserve minutes in view, stocks shift higher

Wed, Jul 05, 2017

Stock markets rode out the latest rise in tensions around North Korea on Wednesday, with the main markets in Europe, Asia and the United States all inching higher as attention moved to minutes from the U.S. Federal Reserve`s last meeting.

Logic of Indo-US strategic ties ''incontrovertible'', says Modi

Logic of Indo-US strategic ties ''incontrovertible'', says Modi

Mon, Jun 26, 2017

"The planned 100 smart cities, the massive modernization of ports, airports and road and rail networks, and the construction of affordable housing for all by 2022 - the 75th anniversary of India`s independence - are not just promises of great urban renewal within India.

US Fed indicates more rate hikes this year; what this means for Indian rupee

US Fed indicates more rate hikes this year; what this means for Indian rupee

Fri, Jun 16, 2017

US Federal Reserve has hiked its domestic rate for the third time in December posing threat to inflows from FPIs in India and thus opening case for depreciation bias in Indian rupee against dollar.

US Fed raises rates, provokes caution in Indian markets

US Fed raises rates, provokes caution in Indian markets

Thu, Jun 15, 2017

The US Federal Reserve on Wednesday raised its benchmark interest rates for the third time since December.

BSE, NSE open higher on US Fed's interest rate action

BSE, NSE open higher on US Fed's interest rate action

Thu, Jun 15, 2017

The key Indian equity market indices on Thursday opened higher after the US Federal Reserve raised its key interest rate. The Sensitive Index (Sensex) of the BSE, which had closed at 31,155.91 points on Wednesday, opened higher at 31,222.89 points.

Fed raises rates, unveils cuts to bond holdings in sign of confidence

Fed raises rates, unveils cuts to bond holdings in sign of confidence

Thu, Jun 15, 2017

The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year.

Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Gold slips as U.S. data lifts dollar, boosts rate hike prospects

Fri, Jun 02, 2017

Gold inched lower on Friday as Asian stocks and the dollar firmed after upbeat U.S. private sector job figures appeared to boost the prospects for an interest rate hike this month.

Gold holds near five-week highs, but potential U.S. rate hike drags

Gold holds near five-week highs, but potential U.S. rate hike drags

Thu, Jun 01, 2017

Gold held steady on Thursday after hitting a five-week high in the previous session on geopolitical tensions, but expectations the U.S. Federal Reserve will hike interest rates next month weighed on prices.

US economy slowed less than expected in Q1; outlook cloudier

US economy slowed less than expected in Q1; outlook cloudier

Sat, May 27, 2017

The US economy has slowed less than expected in the first quarter (Q1) and the softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter (Q2).

U.S. Commerce's Ross says 3% GDP growth not achievable this year

U.S. Commerce's Ross says 3% GDP growth not achievable this year

Wed, May 10, 2017

Ross also said trade enforcement actions would be a major tool to cut U.S. trade deficits, adding that he has problems with World Trade Organization rules which allow widely divergent tariffs and are slow to punish violators.

India-US relations more stronger, matured over last few decades, says Arun Jaitley

India-US relations more stronger, matured over last few decades, says Arun Jaitley

Sat, Apr 22, 2017

Jaitley on Friday met US Commerce Secretary Wilbur Ross, the first cabinet-level interaction between the two countries under the Trump Administration.

Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Global Economy Week ahead: Hard left, hard right, or centre? French economy may decide

Fri, Apr 14, 2017

If Donald Trump`s election in the United States and Britain`s decision to quit the European Union stirred the global economic waters, then there is the potential for a tsunami on the near horizon.

Trump signs order sweeping away Obama-era climate policies

Trump signs order sweeping away Obama-era climate policies

Wed, Mar 29, 2017

U.S. President Donald Trump signed an executive order on Tuesday to undo a slew of Obama-era climate change regulations that his administration says is hobbling oil drillers and coal miners, a move environmental groups have vowed to take to court.

Need to scale up and ramp down H-1B visas: Senator

Need to scale up and ramp down H-1B visas: Senator

Wed, Mar 29, 2017

"They (H-B visa numbers) need to be scaled up and ramped down based on the needs of the US economy in the supply of the resources to fill some of the roles," Tillis said.

Federal Reserve expected to hike interest rates for second time in three months as US economy flexes muscle

Federal Reserve expected to hike interest rates for second time in three months as US economy flexes muscle

Wed, Mar 15, 2017

Analysts have predicted the US Federal Reserve chief Janet Yellen to hike interest rate in its monetary policy meet on Wednesday.

Gold falls below key level of $1,200 ahead of US jobs data, stronger dollar

Gold falls below key level of $1,200 ahead of US jobs data, stronger dollar

Fri, Mar 10, 2017

Prices of gold dropped below the key level of $1,200 an ounce on Friday to hit their lowest in over five weeks on back of a stronger US dollar ahead of US jobs data later in the day.

Warren Buffett tackles Trump in defending value of immigrants

Warren Buffett tackles Trump in defending value of immigrants

Sun, Feb 26, 2017

Billionaire investor Warren Buffett used his annual letter on Saturday to laud immigrants and their contribution to the growth of the US economy amid President Donald Trump's anti-immigrant stance.

Commerce Minister Nirmala Sitharaman to meet industry on impact of US visa regime change

Commerce Minister Nirmala Sitharaman to meet industry on impact of US visa regime change

Mon, Feb 06, 2017

The Indian Commerce Ministry will soon hold a meeting with industry on dealing with the possible fallout of the changes in American H-1B visas regime for skilled workers, Commerce Minister Nirmala Sitharaman said on Monday.

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