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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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Trade deficit may be in range of $100-110 billion by March-end: Report

Trade deficit may be in range of $100-110 billion by March-end: Report

Thu, Jan 26, 2017

Care Ratings has projected India's trade deficit in the range of $100-110 billion by the end of March this year.

Donald Trump tax cuts could mean more Novartis investment in US

Donald Trump tax cuts could mean more Novartis investment in US

Wed, Jan 18, 2017

Donald Trump`s plans to cut US corporate tax rates could trigger increased investment in the United States (US) by Novartis, its chief executive told Reuters, despite the president-elect`s recent harsh words on drug prices.

Brexit worries push gold prices to highest in over 7 weeks

Brexit worries push gold prices to highest in over 7 weeks

Tue, Jan 17, 2017

Gold prices hit their highest in more than seven weeks on Tuesday, boosted by safe-haven buying ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a "hard Brexit".

GM gives robust '17 profit outlook, boosting shares

GM gives robust '17 profit outlook, boosting shares

Thu, Jan 12, 2017

No. 1 U.S. automaker General Motors Co on Tuesday gave an upbeat profit outlook for 2017 that was significantly above Wall Street forecasts, countering analysts’ concerns that the U.S. car industry peaked in 2016 after several years of record or near-record sales, sending its shares up nearly 4 percent.

World Bank projects global growth at 2.7% in 2017

World Bank projects global growth at 2.7% in 2017

Wed, Jan 11, 2017

The World Bank said growth in advanced economies is expected to edge up to 1.8% in 2017.

Japan logs ninth monthly price fall in November

Japan logs ninth monthly price fall in November

Tue, Dec 27, 2016

Japan`s consumer prices fell for the ninth straight month in November, official data showed on Tuesday, while household spending declined and unemployment ticked up.

Emerging markets vulnerable to fund outflow post Fed hike: Moody's

Emerging markets vulnerable to fund outflow post Fed hike: Moody's

Thu, Dec 15, 2016

Moody's also said that the spillover effect may manifest itself in different ways.

US Federal Reserve raises key interest rate, sees three hikes in 2017

US Federal Reserve raises key interest rate, sees three hikes in 2017

Thu, Dec 15, 2016

The policy-setting Federal Open Market Committee voted unanimously to increase the key federal funds rate to a range of 0.5 to 0.75 percent, but repeated that the world`s biggest economy likely will require only "gradual" rate increases going forward.

US Fed set to hike rates, policy outlook now hinges on Trump presidency

US Fed set to hike rates, policy outlook now hinges on Trump presidency

Wed, Dec 14, 2016

Trump has not yet taken office, and any proposals would have to clear a Republican-controlled Congress that may be stricter about increasing public debt than Trump. In recent public appearances some Fed officials have said they see a chance Trump`s policies may force them to speed the pace of rate increases, yet also said they are hesitant to change their outlook before he shares more details.

US services sector accelerates in November: ISM

US services sector accelerates in November: ISM

Tue, Dec 06, 2016

The US services sector saw growth accelerate at the fastest pace in over a year in November as employment and export orders rose, the Institute for Supply Management (ISM) reported on Monday.

Consumers, exports give US economy muscle in the third-quarter

Consumers, exports give US economy muscle in the third-quarter

Wed, Nov 30, 2016

The US economy grew faster than initially estimated in the third quarter (Q3), notching its best performance in two years, buoyed by strong consumer spending and a surge in soybean exports.

Asia stocks edge up on US growth data cues; dollar steady

Asia stocks edge up on US growth data cues; dollar steady

Wed, Nov 30, 2016

Asian stocks edged higher on Wednesday reflecting upbeat US growth news while oil steadied after a sharp drop overnight as Organisation of Petroleum Exporting Countries (OPEC) struggled to agree on a glut-draining production cut.

US jobs numbers add another issue to campaign fodder

US jobs numbers add another issue to campaign fodder

Fri, Nov 04, 2016

When the US releases monthly job report on Friday, Republican presidential nominee Donald Trump will be on his way to New Hampshire, where the unemployment rate is tied for lowest in the nation.

IMF warns the US over rising high poverty, inequality in the country

IMF warns the US over rising high poverty, inequality in the country

Wed, Jun 22, 2016

Key trends in the economy that it said will slowly choke off avenues to future growth if not addressed soon.

Federal Reserve Chair Janet Yellen: US economy faces 'considerable uncertainty'

Federal Reserve Chair Janet Yellen: US economy faces 'considerable uncertainty'

Tue, Jun 21, 2016

Yellen was speaking days after the Fed`s policy body, the Federal Open Market Committee, turned more dovish in its view of the economy.

US economy expands 0.5% in Q1, slowest in two years

US economy expands 0.5% in Q1, slowest in two years

Thu, Apr 28, 2016

The growth rate in the first three months of 2016 continued a downshift that began late last year.

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