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US economy

US economy lost $11 billion during 35 day shutdown

US economy expects $8 billion to be recovered as the government reopens and employees receive back pay.

Jan 29, 2019, 08:09 AM IST

Fed holds interest rates steady, says economy remains on track

Policymakers, however, noted that business investment had "moderated from its rapid pace earlier in the year," a possible drag on future economic growth.

Nov 09, 2018, 15:47 PM IST

US Fed raises interest rates, sees at least three more years of growth

The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

Sep 27, 2018, 09:31 AM IST

Rupee slips 43 paisa to end at life-time low of 69.05 against dollar

This is the biggest single-day fall since May 29 and goes hand in hand with a stronger US dollar. 

Jul 19, 2018, 21:16 PM IST

Federal Reserve raises rates, signals confidence in strengthening economy

The Federal Reserve raised interest rates on Wednesday.

Mar 22, 2018, 00:12 AM IST

Forty five US trade groups urge Trump to avoid tariffs against China

The groups called on Trump to work with trade allies to push for changes to China`s policies.

Mar 19, 2018, 10:09 AM IST

US economy better than ever, unemployment nearing record low: Donald Trump

Donald Trump took to Twitter to say that the US economy is in good shape.

Jan 30, 2018, 06:48 AM IST

Is US eyeing another recession? Economists hint at stormy weather ahead

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead.

Dec 24, 2017, 11:35 AM IST

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.

Nov 29, 2017, 19:55 PM IST

US services growth hits 12-year record in September

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released on Wednesday showed.

Oct 04, 2017, 23:33 PM IST

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.

Sep 28, 2017, 19:28 PM IST

Climate change to damage US economy, increase inequality

The study is the first of its kind to price warming using data and evidence accumulated by the research community over decades.

Jun 30, 2017, 17:22 PM IST

Asia shares near two-year high as US hi-tech rebound boosts mood

Japan`s Nikkei rose more than 1 percent to a near two-year high on Tuesday, encouraged by rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.

Jun 20, 2017, 09:15 AM IST

US Fed raises rates, unveils balance sheet cuts in sign of confidence

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

Jun 15, 2017, 10:00 AM IST

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

May 26, 2017, 19:09 PM IST

World stocks hit record after Fed minutes, oil up as OPEC meets

World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates, while oil prices rose in anticipation of top producers agreeing to extend output cuts for up to a year.

May 25, 2017, 15:27 PM IST

Fed rate hike marks normalisation of US monetary policy: Fitch

The Federal Reserve's move to hike interest rates by 25 basis points, only the third hike in over 10 years and second in 3 months, marks the beginning of a new phase of US monetary policy normalisation, says Fitch Ratings.

Mar 16, 2017, 12:50 PM IST

US economy added 235,000 jobs in Trump's first full month

US economy added 235,000 jobs in February due to gains in the construction and manufacturing sectors, according to the latest monthly employment report that represents President Donald Trump's first full month in office.

Mar 10, 2017, 20:58 PM IST

Would continue to engage with Trump admin on H1B issue: India

The government on Thursday tried to assuage concerns of Indian professionals over H1B visa, saying the steps taken by the US were aimed at illegal immigration and it would continue to engage with the Donald Trump administration on the issue.

Mar 09, 2017, 20:25 PM IST

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

Feb 28, 2017, 19:15 PM IST