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US economic growth News

29 Nov 2017

US third quarter growth fastest in three years at 3.3%

The six months from April to October saw the fastest economic expansion since the same period in 2014, when GDP grew by an average of 4.9 percent.

US economic growth

28 Sep 2017

US economic growth revised up to 3.1 percent rate in Q2

It is the strongest performance since the economy grew at a 3.2 per cent pace in the first quarter of 2015. The upward revision reflected larger farm stockpiles.

28 Oct 2016

India growing at 8 pc, why US is not: Donald Trump asks supporters

Trump's remarks at an election rally in Manchester, New Hampshire, came hours after latest figures showed the American economy grew 2.9 per cent in the third quarter this year.

U.S. retail sales

15 Jul 2016

US retail sales, industrial output data buoy economic outlook

US retail sales rose more than expected in June as Americans bought motor vehicles and a variety of other goods, reinforcing views that economic growth picked up in the second quarter.

22 Dec 2015

US third quarter growth estimate cut to 2%

The US economy grew at an annual rate of 2 percent in the third quarter, according to Commerce Department data Tuesday, slightly below a previous estimate of 2.1 percent.

13 Dec 2015

US Fed expected to end 7-year crisis stance with an interest rate hike amid nagging worries

Most bets are that the Fed will increase the benchmark federal funds rate for the first time in nearly a decade, signaling confidence in US economic growth even as the rest of the world sags.

US economic growth

25 Sep 2015

US economic growth hit 3.9% in second quarter

The US economy sped along at a peppy 3.9 percent annual pace in the second quarter, faster than originally thought, the Commerce Department said Friday.

25 Jul 2015

Fed inadvertently publishes staff forecast for 2015 rate hike

The rate forecast was included with a series of bearish projections on U.S. economic growth and inflation that were presented to policymakers at their June 16-17 meeting.

18 Jun 2015

Fed may hike just once in 2015 as Yellen strikes less certain tone

The question of how quickly the Federal Reserve should raise rates is dividing normally like-minded policymakers at the U.S. central bank, pitting those who favor two hikes this year against a growing number of those who want to stop at just one.

18 Jun 2015

Gold price extends gains on dovish Fed, softer dollar

Gold extended gains on Thursday as the dollar came under pressure after the Federal Reserve hinted it may hike U.S. rates later than market expectations and cut economic growth forecasts.

23 May 2015

US Fed on track to hike rates as economic headwinds wane: Janet Yellen

The confident tone suggested the Fed wants to set the stage as early as possible for its first rate rise in nearly a decade, with Yellen stressing that monetary policy must get out ahead of an economy whose future looks bright.

30 Apr 2015

Oil prices mixed in Asian trade

Signs of cutbacks in US oil output, a key factor in the global supply glut that has driven prices to plunge by as much as 60 per cent since June last year, were also supporting prices.

Federal Reserve

29 Apr 2015

Federal Reserve leaves open timeframe for rate rise

The Federal Reserve left open its timeframe for a rise in interest rates Wednesday, following a winter slowdown that stalled US economic growth.

H-1B tech visas

14 Apr 2015

US has record number of applications for H-1B tech visas

Applications for H-1B visas allowing U.S. businesses to hire foreign workers in science, engineering and computer programming totalled a record 233,000 for fiscal 2016, according to government figures released on Monday.

US economic growth

27 Mar 2015

US economic growth slows in Q4; corporate profits fall

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month.

20 Mar 2015

Gold price hovers near 2-week high, set for weekly gain

Gold held recent gains to trade near a two-week high on Friday and was headed for its biggest weekly jump since January, after the Federal Reserve cautioned over its rate hike path and U.S. economic growth.

Federal Reserve

19 Mar 2015

Fed opens door wider for rate hike but downgrades economic outlook

The Federal Reserve on Wednesday moved a step closer to hiking rates for the first time since 2006, but downgraded its economic growth and inflation projections, signalling it is in no rush to push borrowing costs to more normal levels.

02 Mar 2015

Tokyo stocks open 0.38% higher

Tokyo stocks opened 0.38 percent higher on Monday after the yen dropped against the dollar in a boost for Japanese exporters.

30 Jan 2015

US economic growth in 2014 fastest since 2010

US gross domestic product grew at an annual 2.4 percent pace last year.

23 Dec 2014

Dow tops 18,000 for 1st time on strong US growth

The Dow stock index topped 18,000 for the first time Tuesday, rising in the opening moments of trade following a strong report on US economic growth.

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