Us Economy

US Economy Slows To 1.9% In Third Quarter

Business | Agence France-Presse | Wednesday October 30, 2019

GDP expanded 1.9 per cent in the July-September period, well above economists' expectations but a notch lower than the second quarter's 2.0 per cent.

US Central Bank Cuts Interest Rates, Signals Holding Pattern For Now

Business | Thomson Reuters | Thursday September 19, 2019

Federal Reserve Chairman Jerome Powell said the rate cut was designed "to provide insurance against ongoing risks" including weak global growth and resurgent trade tensions. The Fed also cut rates in July, the first such move since 2008, as it responded to risks from Mr Trump's trade war with China and other overseas developments.

Trump Says He Had To "Take China On," Regardless Of Impact On US Economy

World News | Reuters | Wednesday August 21, 2019

U.S. President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.

Somebody Had To Take China On, Says Donald Trump

World News | Reuters | Wednesday August 21, 2019

US President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the US economy because Beijing had been cheating Washington for decades.

3 Out Of 4 Economists Predict A US Recession By 2021, Survey Finds

Business | Jonnelle Marte, The Washington Post | Tuesday August 20, 2019

The outlook reflects growing skepticism among economists and investors that the US economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook. President Donald Trump and his advisers insist that the US economy is strong and stable, pointing to robust consumer spending.

Amid Tariff War, China No Longer US' Top Trading Partner. Slips To Third

World News | Press Trust of India | Saturday August 3, 2019

As a result of their ongoing trade war, China is no longer the top trading partner of the United States and has been replaced by America's neighbours Mexico and Canada, according to a media report.

Donald Trump Warns China Of "Substantial Increase" In Import Tariffs

World News | Press Trust of India | Saturday August 3, 2019

US President Donald Trump on Friday warned of imposing substantial tariffs on imports from China if the trade negotiations does not go well.

Apple Warns of iPhone Tariff Risks as China Supply Chain Exposed

Mark Gurman, Mark Niquette, Bloomberg | Friday June 21, 2019

Apple urged the Trump administration not to proceed with tariffs of as much as 25 percent on a new slate of products imported from China.

Trump To Launch Re-Election Campaign In Battleground State Of Florida

World News | Reuters | Wednesday June 19, 2019

President Donald Trump on Tuesday formally launches what may be an uphill battle to persuade voters to give him four more years in office, as he bets a strong US economy will outweigh voter concerns about his unorthodox style and polarizing policies.

US Central Bank Holds Rates Steady, Sees No Strong Case For Moving In Either Direction

Business | Thomson Reuters | Thursday May 2, 2019

Fed policymakers said ongoing economic growth, a strong labour market and an eventual rise in inflation were still "the most likely outcomes" as the US expansion nears its 10-year mark.

US Federal Reserve Officials Expect No Rate Hike In 2019

World News | Agence France-Presse | Thursday March 21, 2019

The Federal Reserve does not expect to raise the benchmark lending rate again this year, according to a closely-watched forecast released Wednesday, a surprising sign the US economy is slowing.

Asian Shares Decline As US Jobs Data Clouds Global Outlook

Business | Thomson Reuters | Monday March 11, 2019

The US economy created only 20,000 jobs in February, the weakest reading since September 2017. As a result, bond yields dropped, with the 10-year Treasuries yield hitting a two-month low of 2.607 per cent.

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.