US hiring slows in September as unemployment rate dips WASHINGTON: Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back... Published 07 Oct, 2022 07:03pm
World Fed’s Jefferson, in first remarks, calls inflation most concerning problem ATLANTA: Inflation is the most serious problem facing the U.S. Federal Reserve and “may take some time” to address,... Published 04 Oct, 2022 09:48pm
World US manufacturing activity slowest in almost 2-1/2 years in September: ISM WASHINGTON: US manufacturing activity grew at its slowest pace in nearly 2-1/2 years in September as new orders... Published 03 Oct, 2022 08:11pm
World Fed seen sticking with rate hikes as inflation stays hot Federal Reserve policymakers, who have driven U.S. borrowing costs up faster this year than at any time since the... Published 30 Sep, 2022 07:54pm
World Fed’s Bostic backs 75-basis-point hike in November, smaller rise in December WASHINGTON: The lack of clear progress on inflation means the Federal Reserve needs “moderately restrictive”... Published 28 Sep, 2022 08:41pm
World US goods trade deficit narrows in August as imports fall WASHINGTON: The US trade deficit in goods narrowed in August amid a decline in imports, which is being driven by... Published 28 Sep, 2022 07:33pm
Business & Finance Wells Fargo expects steeper US rate hikes to quell rampant inflation Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central... Published 27 Sep, 2022 06:46pm
World Chicago Fed national activity index unchanged in August WASHINGTON: U.S. economic activity slowed in August as production-related measures slipped and employment indicators... Published 26 Sep, 2022 07:33pm
World Fed’s Collins sees inflation fight costing jobs; recession not inevitable The Federal Reserve’s need to bring down unacceptably high inflation will cause the jobless rate to rise but a... Published 26 Sep, 2022 07:29pm
World US weekly jobless claims increase moderately WASHINGTON: The number of Americans filing new claims for unemployment benefits increased moderately last week,... Published 22 Sep, 2022 06:02pm
World US existing home sales fall less than expected in August WASHINGTON: US existing home sales dropped for the seventh straight month in August as affordability deteriorated... Published 21 Sep, 2022 07:19pm
World US mortgage interest rates reach 6.25%, highest level since October 2008 The average interest rate on the most popular US home loan climbed to its highest level since October 2008, Mortgage... Published 21 Sep, 2022 04:38pm
Markets Steep Fed rate hike seen as certainty after ugly inflation data WASHINGTON: The Federal Reserve is poised to unleash another massive interest rate increase this week after the... Updated 18 Sep, 2022 01:09pm
World Goldman Sachs cuts 2023 US GDP forecasts NEW YORK: Goldman Sachs cut its forecast for 2023 U.S. Gross Domestic Product as it projects a more aggressive... Published 17 Sep, 2022 09:21pm
World US consumer inflation expectations fall in September; sentiment rises WASHINGTON: US consumers’ near-term inflation expectations fell to a one-year low in September and the outlook over... Published 16 Sep, 2022 08:59pm
Markets Asian stocks edge higher, with all eyes on Fed rate path HONG KONG: Asian stocks edged higher at the open on Thursday, tracking gains on Wall Street as markets adjusted... Published 15 Sep, 2022 10:22am
Markets Copper and aluminium fall on rate hike expectations LONDON: Copper and aluminium prices fell on Wednesday as the threat of rising interest rates weakened the outlook ... Published 15 Sep, 2022 07:14am
World US producer prices fall for second straight month in August WASHINGTON: US producer prices fell for second straight month in August as energy prices declined further, data... Published 14 Sep, 2022 07:05pm
World US mortgage interest rates top 6% for first time since 2008 The average interest rate on the most popular US home loan rose above 6% for the first time since 2008 and is now... Updated 14 Sep, 2022 05:30pm
World US small business sentiment rises in August: NFIB WASHINGTON: US small-business confidence improved in August as worries about inflation subsided and demand for... Published 13 Sep, 2022 05:59pm
Markets South Korea leads Asian shares higher with US CPI data in sight South Korea led Asian shares higher Tuesday, as upbeat sentiment prevailed ahead of US inflation data that could... Published 13 Sep, 2022 09:54am
World US consumer inflation expectations ease again, NY Fed says US consumers’ inflation expectations slid further in August as gasoline prices extended their steep decline from... Published 12 Sep, 2022 08:50pm
Business & Finance Dollar slides as investors balance positions ahead of US inflation data NEW YORK: The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise... Published 12 Sep, 2022 06:01am
World On Fed rate hikes, George calls for steadiness over speed Kansas City Federal Reserve Bank President Esther George on Friday made the case for a “sustained policy response”... Published 09 Sep, 2022 09:25pm
World Fed’s Powell hopeful inflation can be tamed without pain of Volcker era WASHINGTON: The Federal Reserve is “strongly committed” to fighting inflation, but there remains hope it can be done... Published 08 Sep, 2022 08:49pm
World Revisions confirm steep decline in US productivity in second quarter WASHINGTON: US worker productivity plunged in the second quarter, leading to the largest year-on-year decline on... Published 01 Sep, 2022 06:25pm
World Fed’s Mester: interest rates need to rise ‘somewhat above’ 4% The U.S. Federal Reserve will need to raise interest rates somewhat above 4% by early next year and then hold them... Published 31 Aug, 2022 05:43pm
World US job openings rise in July; vacancies revised higher WASHINGTON: US job openings increased in July, showing no signs that demand for labor was slowing, which could keep... Published 30 Aug, 2022 08:40pm
World Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says WASHINGTON: The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new... Published 30 Aug, 2022 08:28pm
Business & Finance China’s yuan falls past key 6.9/dlr threshold SHANGHAI: China’s yuan breached the key threshold of 6.9 per dollar on Monday to end the domestic trading session... Published 30 Aug, 2022 06:21am