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The Latest Breaking News from Ryan Sweet

US September Trade Deficit Widest In Over Two Years

The US trade deficit expanded in September to its widest since early 2022 as imports increased while companies stocked up ahead of possible disruptions like a dockworkers' strike, according to government data released Tuesday.

International Business Times

Hurricane Milton's Potential Impact On US Economy

Hurricane Milton's projected impact on the US economy includes job losses, reduced GDP, and disruptions in various sectors.

Top News

The US Economy Is Solid: Why Are Voters Gloomy?

Cooling inflation, low unemployment, robust economic growth and... downbeat voters.

International Business Times

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Economists Push Back on Harris Plan To Ban Price Gouging

Kamala Harris's policy to combat price gouging has been criticized by analysts who say it is an uncompetitive proposal that could end up hurting US consumers.

International Business Times

US sharply lowers number of jobs added in year ending in March

The downgrade has raised concerns the US economy is slowing and the Fed has waited too long to cut interest rates.

Al Jazeera

US inflation slows in July, clearing way for a cut in interest rates

The annual increase in inflation slowed to below three percent for the first time in nearly 3.5 years.

Al Jazeera

US Consumer Inflation Sees Smallest Annual Rise Since 2021

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.

International Business Times

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What Will Be The Repercussions Of Biden's New China Tariffs?

US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties.

International Business Times

US Fed Likely To Keep Rates Steady As Hopes Of Early Cuts Fade

The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

International Business Times

What Is The Economic Impact Of The Baltimore Bridge Collapse?

Diverted cargo and supply chain disruptions -- businesses are rushing to avoid an economic hit following the collapse of a major bridge in Baltimore as a cargo ship slammed into it this week.

International Business Times

US Hiring Beats Expectations With Solid Showing In February

Hiring in the United States was robust in February although unemployment crept up, government data showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn.

International Business Times

US Hiring Exceeds Expectations In December

US job growth surged unexpectedly in December, government data showed Friday, wrapping up a solid year for the labor market even as voters remain gloomy about the economy ahead of November's presidential election.

International Business Times

US growth cools in first quarter

WASHINGTON: US economic growth lost steam in the first quarter this year, the Commerce Department said on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

Bangkok Post

US growth cools in first quarter as recession fears deepen

Washington (AFP) - US economic growth lost steam in the first quarter as gloomier business investment countered a rise in consumer spending, the Commerce Department said Thursday, while the possibility of a mild recession brews.

AFP

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AFP

US inflation eases but policymakers' battle not over

Washington (AFP) - Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, signaling that policymakers' battle against inflation is not over.

AFP

US inflation eases in January but kept high on rent and energy costs

AFP

Rental costs, gasoline prices behind January US inflation: analysts

Washington (AFP) - Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January, analysts say, amid signs that policymakers have some way to go in bringing prices down.

AFP

US Fed unveils smaller rate hike but signals inflation fight not over

Washington (AFP) - America's Federal Reserve slowed its pace of interest rate hikes Wednesday, tempering an aggressive campaign to rein in costs as inflation cools while signaling the battle is not yet over.

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Bangkok Post

US Fed set to slow rate hikes

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

AFP

US Fed starts policy meeting with smaller rate hike likely

Washington (AFP) - US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade.

Tribune News Service

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

AFP

US trade deficit narrows to smallest since late 2020

Washington (AFP) - The US trade deficit narrowed more than anticipated in November on a fall in imports, government figures showed on Thursday, with drops seen in pharmaceuticals and household goods.

The Independent UK

US recession a growing fear as Fed plans to keep rates high

After scaling 40-year highs, inflation in the United States has been slowly easing since summer

The Independent UK

Why Fed worries about the strongest US job market in decades

Chair Jerome Powell isn’t as pleased with the robust U.S. job market as you might think he’d be, and he and the Federal Reserve plan to do something about it: Take it down a notch

Tribune News Service

Survey: Experts see a big slowdown in job growth as hawkish Fed raises rates

Americans can expect a robust labor market over the next year, but job creation is bound to slow as the economy loses some momentum and the worker pool remains tight.

People

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