Us Economy

Federal Reserve Leaves Interest Rates Unchanged

Business | Indo-Asian News Service | Thursday January 31, 2019

The Federal Reserve in December raised short-term interest rates by a quarter of a percentage point, but signalled a slower pace of rate hikes in 2019 as the US economy was expected to cool down.

US Government Shutdown Costs Pegged At $3 Billion

Business | Thomson Reuters | Tuesday January 29, 2019

The nonpartisan Congressional Budget Office said the cost of the shutdown would make the US economy 0.02 per cent smaller than expected in 2019.

US Shutdown Costs Pegged At $3 Billion As Government Reopens

World News | Reuters | Tuesday January 29, 2019

The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump's demand for border wall funding, congressional researchers said on Monday as 800,000 federal employees returned to work after a 35-day unpaid furlough.

"Central Bank Is US Economy's Only Problem": Donald Trump

World News | Agence France-Presse | Tuesday December 25, 2018

President Donald Trump on Monday renewed his verbal assault on the Federal Reserve, blaming the central bank for mounting fears over the US economy and comparing it to a blundering golfer.

US Economy Will Face "Sharp" Slowdown In 2020, Says IMF Chief Economist

World News | Agence France-Presse | Monday December 10, 2018

Americans will begin feeling the effects next year of a marked slowing in world economic growth but should be spared a new recession, the chief economist of the International Monetary Fund said.

Rupee Closes Below 73 Mark Against Dollar For First Time: 10 Things To Know

Business | NDTV Profit Team | Thursday October 4, 2018

The rupee declined sharply lower against the US dollar to close at a record 73.34 on Wednesday, amid soaring crude oil prices. The rupee touched a fresh all-time low of 73.42 against the American currency during the session, but contained some of those losses by the end of the session. The government will hold an inter-ministerial meeting on Thursd...

US Central Bank Raises Interest Rates, Sees At Least 3 More Years Of Growth

Business | Thomson Reuters | Thursday September 27, 2018

Fed policymakers lifted the benchmark overnight lending rate by a quarter of a percentage point to a range of 2.00 per cent to 2.25 per cent. The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

India Set To Overtake Japan As No. 3 Economy By 2030: Report

Business | Michelle Jamrisko, Bloomberg | Wednesday September 26, 2018

The South Asian giant was seen as "among the most striking" gainers in the bank's long-term rankings, leap-frogging Germany and Japan largely on account of the economy's rapid growth and a rising working-age population that's the envy of an aging developed world.

Trump Explains How China Built Itself With US Money - $500 Billion-A-Year

World News | Press Trust of India | Wednesday September 19, 2018

China rebuilt itself with the "tremendous amount" of money pouring out of the United States, Donald Trump claimed today, asserting that America has been "ripped off" by "everyone", especially Beijing.

Half Of US Foreign Profits Transferred To Tax Havens: Study

World News | Agence France-Presse | Tuesday September 11, 2018

About half of all the foreign profits of US multinationals are booked in tax havens with Ireland topping the charts as the favorite, according to a new economic study on Monday

US "Growing Economy Too", Can't Fund Subsidies To India, China: Trump

World News | Press Trust of India | Saturday September 8, 2018

US President Donald Trump said on Friday that he wants to end the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a "developing nation", to grow faster than anybody.

When The American Dream Became A Mortgage Nightmare

World News | Agence France-Presse | Tuesday September 4, 2018

A decade ago, as the financial crisis raged in the United States, Jesus Rodriguez told his kids a fib: he was selling the family furniture because they were moving to Disney World.

Donald Trump's Immigration Crackdown Harms Economy, US CEOs Warn

World News | Agence France-Presse | Friday August 24, 2018

Vague and unpredictable Trump administration immigration policies threaten the US economy amid a tightening labor market, CEOs from major American companies warned Thursday.

Donald Trump Says Stock Market Would "Crash" If He Were Impeached

World News | Agence France-Presse | Friday August 24, 2018

US President Donald Trump and his allies tried to head off mounting talk of his impeachment, warning it would sink the world's largest economy and spark a public "revolt."

Wall Street Graduates To Longest-Ever "Bull Market" Run

Business | Agence France-Presse | Thursday August 23, 2018

The marathon run comes amid signs the US economy has accelerated this year after a long period of slow but steady growth.