US job growth beats expectations US employers hired far more workers than expected in July, with the unemployment rate falling to a pre-pandemic low of 3.5%, providing the strongest evidence … Business • 05 Aug
Federal Reserve delivers second super-sized rate hike Investors are gauging whether the US Federal Reserve has reached the peak of its aggressiveness in hiking rates, with some saying they're ready to up … Business • 28 Jul
Fed expected to unveil another big rate hike With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point today to battle high inflation, focus will shift … Business • 27 Jul
Euro closes in on dollar parity The euro neared parity with the dollar today, as traders bet on the prospect of a eurozone recession caused by soaring inflation. Business • 08 Jul
US sees big job gains in June, fueling inflation fears The US economy added far more jobs than expected in June and wages rose, adding fuel to worries about accelerating inflation, but giving President Joe … Business • 08 Jul
Fed will raise rates more aggressively if needed The US Federal Reserve must move "expeditiously" to bring too-high inflation to heel, Chairman Jerome Powell said today, adding that it could use bigger-than-usual interest … Business • 22 Mar
Fed likely to flag March interest rate hike The Federal Reserve is today expected to signal plans to raise interest rates in March as it focuses on fighting inflation and sets aside, at … Business • 26 Jan
European shares stage comeback on earnings cheer European shares recovered some lost ground today, following their worst sell-off since June 2020, after upbeat earnings reports from Ericsson and Logitech provided support. Business • 25 Jan
Fed signals bond-buying taper coming 'soon' The US Federal Reserve has cleared the way to reduce its monthly bond purchases "soon" and signaled interest rate increases may follow more quickly than … Business • 22 Sep 21
Sterling inches up against dollar as US jobs disappoint Sterling rose to a three-week high on Friday after data showed the US economy created the fewest jobs in seven months in August, casting doubt … Business • 03 Sep 21
Fed chief Powell's record 'mixed', think tank says A think tank highly critical of Federal Reserve Chair Jerome Powell's record on banking regulation released an assessment of his four-year tenure that is by … Business • 23 Aug 21
Afghanistan central bank reserves 'not compromised' Despite the swift takeover of the government in Afghanistan, the Taliban will not have access to most of the nation's cash and gold stocks, the … Business • 18 Aug 21
Fed holds rates but signals two increases by end 2023 The US Federal Reserve brought forward its projections for the first post-pandemic interest rate hikes into 2023, citing an improved health situation and dropping a … Business • 16 Jun 21
US Fed seeks to calm inflation fears, world stocks up Stock markets across the world have been taking a bit of a hammering this week, amid worries that US inflation is set to rise. Business • 14 May 21
US consumer prices rise modestly US consumer prices rose moderately in January as an increase in the cost of gasoline was blunted by a slump in airline fares, suggesting inflation … Business • 10 Feb 21
Trump echoes Fed official's comments in demand for cut US President Donald Trump has used a Federal Reserve official's own words to amplify his continual demands for lower interest rates. Business • 22 Jul 19
US consumer spending posts biggest increase since 2009 US consumer spending increased by the biggest gain in more than nine and a half years in March, but price pressures remained muted, with a … Business • 29 Apr 19
US Fed holds interest rates steady The Federal Reserve held interest rates steady and its policymakers abandoned projections for further rate hikes this year as the US central bank flagged an … Business • 20 Mar 19
US consumer prices cool in February The falling price of energy drove US consumer inflation in February to its slowest annual pace more than two years, according to government data released … Business • 12 Mar 19
Stocks nurse New Year hangover as China data disappoint Asian shares turned tail on the first trading day of the new year as more disappointing economic data from China darkened the mood and upended … Business • 02 Jan 19
Trump warns Federal Reserve against interest rate hike President Donald Trump has urged the Federal Reserve, the US central bank, to not make "another mistake" by raising interest rates. Business • 18 Dec 18
Trump calls 'loco' Federal Reserve 'too aggressive' US President Donald Trump said that last night's stock market sell-off was in fact a long-awaited "correction," and that the Federal Reserve, which has been … Business • 11 Oct 18
US President 'not thrilled' with Fed interest rate hike US President Donald Trump once more broke with protocol as he criticised the US Federal Reserve for raising interest rates and accused it of failing … Business • 21 Aug 18
Largest US banks would survive recession - Fed The 35 largest US banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an … Business • 22 Jun 18
US consumer prices post first drop in 10 months US consumer prices fell for the first time in 10 months in March, weighed down by a decline in the cost of petrol, new figures … Business • 11 Apr 18
