US economy

S&P 500 logs first record close in 6 months

The S&P 500 (SPX) closed at an all-time high on Tuesday for the first time since the Covid-19 pandemic hit the United States. The index, which is the broadest measure of Wall Street, had been hovering in record territory for …

Read
Fed's Kashkari: U.S. recovery to be bumpy and muted

With cases of Covid-19 likely to resurge, at least in some parts of the country, the U.S. economic recovery will be neither smooth nor strong, Minneapolis Federal Reserve Bank President Neel Kashkari said. "My base-case …

Read
Trump blasts Fed for being 'wrong so often'

U.S. President Donald Trump launched his first attack against the Federal Reserve in months, taking issue with the central bank’s subdued economic forecast. "The Federal Reserve is wrong so often," Trump wrote on …

Read
U.S. Fed keeps base interest rate at 0-0.25%

The U.S. Federal Reserve System acting as the national central bank has kept the base interest rate at the level of 0-0.25% as expected by the market, the Federal Open Market Committee (FOMC) said after the meeting. "The …

Read
U.S. Fed slashes rates to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to 0.25%. The Fed lowered the primary credit rate by …

Read
U.S. Fed cuts interest rates

The U.S. Federal Reserve cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the …

Read
White House preparing for recession?

White House officials have begun preparing options to help bolster the American economy and prevent it from falling into a recession, according to people familiar with the discussions. The measures include mulling a potential …

Read
Trump: 'I don't see a recession'

U.S. President Donald Trump said he doesn’t see a recession on the horizon after a volatile week for markets. "I don’t think we’re having a recession," Trump told reporters. …

Read
U.S. Fed cut rates for the first time since 2008

The U.S. Federal Reserve cut interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 …

Read
Fed: risks have grown to U.S. economy outlook

Federal Reserve Chairman Jerome Powell said the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on …

Read
 U.S. Fed holds interest rates steady

The U.S. Federal Reserve held interest rates steady but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. …

Read
Trump: U.S. interested only in economic wars

U.S. President Donald Trump said that the only sphere where Washington wants to "invade" is actually economy. During the interview with Fox News, Trump was asked to comment on Republican Sen. Lindsey …

Read
 Shutdown slows down U.S. economic growth

The U.S. economy cooled in the first two months of 2019, with growth characterized as "slight-to-moderate" across most of the country in a Federal Reserve survey. "About half of the districts noted that the government …

Read
 U.S. Congress estimates shutdown economic impact

The federal government shutdown cost the U.S. economy $11 billion, according to a new analysis from the Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report …

Read
U.S. Fed raises interest rate to 2.5%

The U.S. Federal Reserve raised its benchmark interest rate a quarter-point but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25% to 2.5%. The …

Read

Populars