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U.S. economy News

04 Apr 2016

Gold extends losses after robust US jobs report

Gold extended losses on Monday after a better-than-expected U.S. jobs report signalled strength in the economy and stoked speculation the Federal Reserve could raise interest rates soon.

02 Mar 2016

Wall Street rises late, led by energy and bank shares

Energy and bank stocks led Wall Street higher on Wednesday.

13 Jan 2016

U.S. economic growth hampered by dollar, energy prices: Federal Reserve System

The U.S. economy continued to show mixed signals from late November to early January, with improvements in the labour market and consumer spending offset by the drag of a strong dollar and low energy prices, the Federal Reserve said on Wednesday.

30 Apr 2015

Gold retains losses as Fed says soft U.S. economy only transitory

Gold retained losses from overnight on Thursday, as the Federal Reserve characterised the recent slowdown in the U.S. economy as only transitory, not ruling out an interest rate hike this year.

29 Apr 2015

U.S. economy stumbles in first quarter as weather, low energy prices weigh

U.S. economic growth nearly stalled in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending.

25 Jun 2014

Asian shares wilt, oil prices rise on Iraq fears

Asian shares were on the back foot early on Wednesday, taking their cue from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices.

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