US Economy

The Week Ahead

Capital expenditure figures for the June quarter will be closely watched, while profit-reporting season moves into the home straight, with earnings expected from Bluescope Steel, Lend Lease and Qantas.

US home sales rise for fourth month

by AP
After a rough start to the year, US housing market recovery shows signs of picking up.

US rate hike debate heating up

Minutes of latest Fed meeting show intensifying debate over timing of rate hikes.

The Fed's doves can't fly forever

1 comment
Risks to US inflation are modest and are mainly on the upside, particularly if wages respond to a strengthening labour market. The Fed's loose policy will be hard to justify for much longer.

The world must inflate or bust; Australia mustn't join in

Central banks around the globe are desperately trying to inflate the world's excessive debt away, but for Australia, it would be more damaging in the long term to take part in this inflation race.

US producer prices rise 0.1%

Inflationary pressures remain modest across US economy.

Bonds, not bailouts, for 'too big to fail' banks

Call the bonds Class R -- for reorganisation. Owners might take a haircut, but they'd also become owners of the bank.

The Fed fuels investors' sweet dreams, but for how long?

As US inflation and unemployment edge closer to the Federal Reserve's targets, it will be more difficult for Janet Yellen to suppress interest rate volatility and keep markets stable.

Fed officials caution on bank risk

Senior US Federal Reserve officials warn on instability of 'repo' markets.

US budget deficit narrows in July

The US budget deficit contracts again in July as tax revenues lift.

US job openings hit 13-year high

by AP
Data show US employers advertised near-record monthly job openings in June.

Profit of US banks nears record

US banks shrug off headwinds as profits again race to near-record levels.

No quick inflation fix for spiralling US debt

While in theory a higher inflation target might seem like a good way to reduce the US government’s ballooning debt, the reality of such a scenario unfolding is highly unlikely.

US trade deficit falls as imports drop

by AFP
US trade deficit shrinks in June, primarily on lower imports, according to official data.

US banks still 'too big to fail'

Regulators warn banks yet to show they can collapse without causing broad economic damage.

US service sector index jumps

by AFP
US services firms grow at fastest rate in more than eight years in July.

US factory orders rise 1.1% in June

by AP
Orders driven higher by strong demand for aircraft, industrial machinery and electronics.

US home price growth slows

by AFP
US home prices rise by the smallest year-over-year amount in 20 months.

Central bankers are happily behind the curve

Those urging the Federal Reserve and other central banks to raise their cash rates in line with economic recovery have missed the point: these days the game is about warding off deflation, not inflation.

Laying the groundwork for a US rate rise

Despite July's non-farm payrolls missing expectations, and a slight uptick in the unemployment rate, the Federal Reserve will find it difficult to justify keeping rates near zero for much longer.