US retail sales dip in October after months of gains US retail sales fell in October, though by less than expected, after months of strong gains, pointing to slowing demand that could further strengthen expectations … Business • 15 Nov
US consumer inflation cools to 3.2% in October US consumer inflation cooled more than expected last month, according to government data published today, providing some welcome news for policymakers looking to control price … Business • 14 Nov
US hiring slows more than expected with car strike drag Jobs growth in the US cooled in October, according to government data released today, as it was partly dragged down by an auto workers strike. Business • 03 Nov
Fed leaves rates unchanged, says US economy is 'strong' The Federal Reserve held interest rates steady today but left the door open to a further increase in borrowing costs in a policy statement that … Business • 02 Nov
US economy grows at fastest rate in nearly two years The US economy heated up in the third quarter, government data showed today, as a resilient job market helped boost consumer spending, holding off the … Business • 26 Oct
US mortgage rates soar to highest in more than 23 years The interest rate on the most popular US home loan last week jumped to the highest since September 2000, marking its seventh straight weekly increase … Business • 25 Oct
US retail sales better than expected in September Retail sales in the US came in stronger than expected in September according to government data released today, supported partly by sales in the auto … Business • 17 Oct
US consumer inflation holds steady in September Consumer inflation held steady in the US last month, according to government data released today, giving policymakers some reprieve in their battle to tamp down … Business • 12 Oct
US posts surprise hiring surge in September US job growth surged in September, suggesting that the labour market remains strong enough for the Federal Reserve to raise interest rates this year, though … Business • 06 Oct
US House to press on with spending cuts despite risk The Republican-controlled House of Representatives is due to try to advance steep spending cuts this week that stand no chance of becoming law and could … Business • 26 Sep
OECD sees 'sub-par' global growth as high rates bite The OECD has today raised its global economic outlook for 2023 but cut the growth forecast for next year as "painful" interest-rate hikes aimed at … Business • 19 Sep
US retail sales see higher than expected increase Retail sales in the US accelerated slightly in August, government data showed today, as a spike in gas prices boosted sales at service stations. Business • 14 Sep
US consumer inflation ticks up in August on fuel prices Consumer inflation in the US picked up in August for a second month in a row, according to government data released today, putting the heat … Business • 13 Sep
US consumer spending surges in July US consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged next month. Business • 31 Aug
US second-quarter GDP growth revised lower US economic growth was revised lower to a still-solid pace in the second quarter, but momentum appears to have picked up early in the third … Business • 30 Aug
Powell: Fed may need to raise interest rates further The US Federal Reserve may need to raise interest rates further to ensure inflation is contained Fed Chair Jerome Powell said today in remarks that … Business • 25 Aug
US jobless claims fall as labour market remains tight The number of Americans filing new claims for unemployment benefits fell last week, as labour market conditions remained tight despite the Federal Reserve's aggressive interest … Business • 24 Aug
Fed officials divided over need for more rate hikes Federal Reserve officials were divided over the need for more interest rate hikes at the Fed's July 25-26 meeting, with "some participants" citing the risks … Business • 17 Aug
US retail sales increase more than expected in July US retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early … Business • 15 Aug
US consumer prices rise moderately in July US consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to … Business • 10 Aug
US job growth remains moderate in July The US economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to … Business • 04 Aug
Fitch cuts US credit rating from AAA to AA+ Rating agency Fitch has downgraded the US government's top credit rating, a move that drew an angry response from the White House and surprised investors, … Business • 02 Aug
US annual inflation slows, consumer spending solid US annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Business • 28 Jul
US economy posts surprise 2.4% growth in second quarter The US economy defied expectations to see growth pick up in the second quarter, according to government data released today, boosted by some forms of … Business • 27 Jul
IMF raises 2023 global economic growth forecast higher The International Monetary Fund has raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges … Business • 25 Jul