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
US business activity growth slows as services soften US business activity slowed to a five-month low in July, dragged down by decelerating service-sector growth, closely watched survey data showed, but falling input prices … Business • 24 Jul
US weekly jobless claims unexpectedly fall The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to persistent strength in the labor market Business • 20 Jul
US retail sales weaker than expected in June Retail sales in the US came in weaker than expected in June, the government said today, with consumption remaining sluggish while inflation eases. Business • 18 Jul
Bank of America profit up on boost from interest income Bank of America's profit rose nearly 20% in the second quarter as it earned more from customers' loan payments, while its investment banking business fared … Business • 18 Jul
US banks point to resilient but slowing economy Some of the largest US banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking, but … Business • 14 Jul
US consumer prices rise modestly in June US consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation continued to subside, but probably … Business • 12 Jul
US banking giants to report higher quarterly profits Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking. Business • 11 Jul
US job growth slows in June, but jobless rate eases US job growth slowed more than expected in June after surging in May, but job market conditions remain tight, with the unemployment rate retreating from … Business • 07 Jul
US weekly jobless claims rise moderately The number of Americans filing new claims for unemployment benefits increased moderately last week, pointing to only a gradual easing in labour market conditions. Business • 06 Jul
US factory orders miss expectations in May New orders for US-made goods increased less than expected in May as a surge in civilian aircraft orders was partially offset by sluggishness elsewhere amid … Business • 05 Jul
