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The US Fed said its latest tests showed that banks would end the next recession in better shape than they started the last one

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 annual regulatory stress tests.

Business • 22 Jun 18

The US consumer price index slipped 0.1% in March

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 show today.

Business • 11 Apr 18

Wall Street stocks regained ground after falling in the opening moments of trading

US markets rebound after volatile day

Wall Street stocks finished with solid gains after a rollercoaster session, winning back a good portion of the losses from the prior session's rout.

Business • 06 Feb 18

Today's policy meeting is Fed Chair Janet Yellen's last as head of the bank

Fed expected to keep rates steady as Yellen era ends

The Federal Reserve is expected to leave interest rates unchanged tonight while signaling a gradual tightening of monetary policy later this year as the US economy continues to expand and job gains remain solid.

Business • 31 Jan 18

Fed leaves rates unchanged

The US Federal Reserve left interest rates unchanged but signalled it still expects one more increase by the end of the year despite recent weak inflation readings.

Business • 20 Sep 17

The US Labor Department said its consumer price index rose 0.4% last month

Petrol and rents push US consumer inflation higher

US consumer prices accelerated in August amid a jump in the cost of petrol and rental accommodation, new figures show today.

Business • 14 Sep 17

Average hourly earnings rose 3 cents or 0.1% after rising 0.3% in July, keeping the year-on-year gain in wages at 2.5% for a fifth month

US job growth slows more than expected in August

US job growth slowed more than expected in August after two months of strong gains in a row, new figures show today.

Business • 01 Sep 17

Today the euro has bounced off the intra-day lows to trade broadly flat at $1.1819 against the greenback. It rose to a 2-1/2 year high above $1.19 earlier this month

Euro bounces but markets wary before Jackson Hole

The euro has rebounded from the day's lows today but has held well below a 2-1/2 year high hit earlier this month.

Business • 28 Aug 17

Against the euro, the dollar is 0.16% higher on the day at €1.1742

Dollar slumps again on US political turmoil

The dollar slumped today, especially against the yen, hurt by geopolitical tension in North Korea and as investors braced for the annual central banking conference in Jackson Hole this week where the world's top central bankers may signal their next policy actions.

Business • 21 Aug 17

The dollar index, which tracks the greenback against a basket of six major rivals, edged up 0.2% to 94.780 after falling as low as 94.476 last night, its lowest level since September 2016

Dollar plunges on collapse of US healthcare bill

The dollar has being nursing losses today after skidding to a 10-month low against a currency basket as Republican legislators' failure to pass a stalled healthcare bill raised fears for the rest of President Donald's Trump reform agenda.

Business • 19 Jul 17

Consumer spending accounts for more than two-thirds of US economic activity

US consumer spending rises modestly

US consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year.

Business • 30 Jun 17

The Fed's stress tests showed 34 major US lenders were on a solid capital footing

Major US banks would withstand recession - Fed

The largest US banks would withstand a severe recession and still be able to lend to US households and businesses, the Federal Reserve has said.

Business • 23 Jun 17

US non-farm payrolls increased 138,000 last month as the manufacturing, government and retail sectors lost jobs

US job growth slows but unemployment rate drops to 4.3%

US job growth slowed in May and employment gains in the previous two months were not as strong as previously reported, new figures show today.

Business • 02 Jun 17

Charles Evans is a member of the open markets committee of America's Central Bank, the Federal Reserve

US Fed official discusses interest rates on Irish visit

A senior US central banker has warned of the potential for slower growth and delayed investment decisions on both sides of the Atlantic as the Brexit negotiations get under way.

Business • 12 May 17

US consumer spending rose in December

US consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages.

Business • 30 Jan 17

Initial claims for US unemployment benefits dropped 28,000 to a seasonally adjusted 235,000 for the week to December 31

US jobless claims fall to near 43-year low

The number of Americans filing for unemployment benefits fell to near a 43 year-low last week, pointing to further tightening in the US labour market.

Business • 05 Jan 17

The National Association of Realtors said existing home sales rose 0.7% to an annual rate of 5.61 million units last month

US existing home sales rise to near 10-year high

US home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, as buyers rushed into the market to lock in low interest rates in anticipation of further increases in borrowing costs.

Business • 21 Dec 16

The Fed said activity varied across regions but that the outlooks were mainly positive, with six districts expecting "moderate" growth

US economy continued to expand in October/November

The US economy continued to expand in October and November, the Federal Reserve said today, but there were only modest gains in wages and prices and the strong dollar was weighing on manufacturers.

Business • 30 Nov 16

There is an increasing expectation that a rate rise will come in December

US Fed sees case for rate high 'strengthening'

The US Federal Reserve has said that the case for raising interest rates has strengthened further with improving economic conditions, but monetary policymakers decided to wait for more progress before acting.

Business • 02 Nov 16

New figures show sustained US labour market strength

US jobless claims fall as labour market strong

The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained labour market strength even as the pace of job growth is slowing.

Business • 08 Sep 16

Fed policymakers have been spooked by a lack of sustained progress in moving inflation up to the central bank's 2% target

Little indication of US inflation surge - Fed

The US economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve has said.

Business • 13 Jul 16

Non-farm payrolls increased by 287,000 jobs last month, the largest gain since last October, the US Labour Department said

Manufacturing boosts US job growth in June

US job growth surged in June as manufacturing employment increased, more evidence the economy has regained speed after a first-quarter lull.

Business • 12 Jul 16

US non-farm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010

US job growth brakes sharply in May

The US economy created the fewest number of jobs in more than five years in May, hurt by a strike by Verizon workers and a fall in goods producing employment.

Business • 03 Jun 16

Consumer spending, which accounts for more than two-thirds of US economic activity, surged 1% in April

US consumer spending surges in April

US consumer spending recorded its biggest increase in more than six years in April and inflation rose steadily, new figures show today.

Business • 31 May 16

That view, expressed by most Fed policymakers at the last policy meeting, suggests the central bank is much closer to lifting rates again than Wall Street expects

US Federal Reserve may raise rates in June

The Federal Reserve will likely raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from the US central bank's April policy meeting released today.

Business • 18 May 16