News

There are 4 signs the economy may be on a weaker footing than the latest data suggests
Signs of weakness are flashing in the housing market, job market, and in consumer and corporate finances, one economist says.
GDP surged in the second quarter after sliding earlier this year
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
US economy grew at 3% rate in second quarter
Investors are preparing for a crucial day of US economic data, with second-quarter GDP figures set to be followed by the Federal Reserve’s interest rate decision. The GDP figures are due out at 8.30am ...
US Fed News Highlights: Jerome Powell warns consumers will feel Trump tariff impact, holds rates steady at 4.25–4.5%
Fed Chair Jerome Powell highlighted steady job gains, low unemployment at 4.1%, and wage growth outpacing inflation as signs that the labour market remains 'broadly in balance and consistent with ...
Pop goes the deficit: The warning signs are all there
The current budget allocates $4.43 trillion or 63 percent to mandatory programs — largely social security and health care.
Weakening ‘core’ GDP shows impact of tariffs on US economy
Looking under the hood, the deceleration appeared to be driven by investment activity, another sign that tariff-driven uncertainty is weighing on the US economy. Fixed investment increased at a weak 0 ...
US Fed Meeting: 5 key factors that will shape FOMC policy decision
Markets anticipate a status quo on interest rates from the US Federal Reserve. Chair Jerome Powell's comments may signal potential rate cuts by September amidst uncertainties surrounding economic ...
Economy posts sturdy growth in 2nd quarter but tariffs again skew the numbers
The US economy grew 3% in the second quarter as a tariff-related import surge that shrank output early in 2025 reversed, artificially juicing growth ...