US Economy

The Fed may lift rates sooner than you think

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A recovering labour market should see the US economy finish the year on a stronger note. And with inflation also tracking higher, the Fed may have reason to lift rates earlier than expected.

Fed nears end of bond-buying program

Latest monetary policy statement offers little fresh insight on rate hike timing, as bond-buying program remains on track for October end.

‘Significant correction’ ahead: Greenspan

Former chairman of the Federal Reserve says correction on horizon, but stocks not ‘grossly overpriced’.

US consumer confidence rises in July

by AFP
Consumer sentiment lifts for third consecutive month, at highest level since 2007.

Goldman denies claims of discrimination against women

Firm says it has developed programs for promotion, objects to plaintiffs' methodology.

US pending home sales fall in June

Decline in number of contracts signed to buy existing homes, housing recovery remains choppy.

Homing in on a soft spot in the US recovery

The combination of a strengthening labour market and a subdued household sector will pose challenges for the Federal Reserve, which may need to raise rates sooner than expected.

US new home sales slump 8.1% in June

New home sales reading well below forecasts put forward by analysts.

IMF again cuts US growth forecast

International Monetary Fund revises US outlook, tips 1.7% growth in 2014.

America's all right Jack – too bad about Russia

When the US embarked on its QE experiment and zero interest rate policy, the rest of the world had little choice but to follow suit. As America prepares to turn off the money tap, emerging markets will be hit hard.

US existing home sales at highest level since Oct

Housing market gathering steam in US after months-long slump.

KGB Interview: Neal Soss

Credit Suisse's chief economist, Neal Soss, explores the significance of the conclusion of the Federal Reserve's quantitiatve easing program and the implications for global markets.

US economy growing modestly: Fed

by AFP
Fed beige book finds seven regions seeing 'modest' growth, other five in 'moderate' expansion.

Fed's Fisher calls for earlier rate hikes

Federal Reserve Bank of Dallas president says rates should rise early next year, at the latest.

Yellen not fearful of asset bubbles

Fed chair says threats to financial stability are only at a 'moderate level'.

US industrial production lifts in June

Figures show a steady rise in activity, but fall short of market expectations.

US producer prices rise in June

by AFP
US producer prices rebounded more sharply than expected in June, data show.

US recovery 'not yet complete': Yellen

Federal Reserve chair offers more guidance on timing of rate hikes, strikes cautious tone.

US retail sales edge up in June

Commerce Department figures show weakest increase since January.

White House tips stronger jobs, weaker growth

Pullback in economic growth expected to hit tax revenue.