Record imports swell US trade deficit

Record imports, the strong dollar and growing consumer demand helped to widen the US trade deficit by 7.1% in June.

The global economy’s bizarre problem: Too much money

If you’ve seen The Wolf of Wall Street, you know having too much money can be a problem. And too much money is part of the predicament that the world economy finds itself in right now.

US inflation rate remains negative

US inflation remained negative in January due to steep falls in the price of petrol, official figures have shown.

US grows at annual rate of 3.5% in third quarter

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said.

Janet Yellen warns on growing inequality in the US

US Federal Reserve chair Janet Yellen said that she was "greatly concerned" about rising inequality in the US. "I think it is appropriate to ask whether [growing inequality] is compatible with values rooted in our nation's history," she said in a speech in Boston on Friday.

US trade deficit narrows as imports drop

The US trade deficit fell in June after imports dropped 1.2% from the previous month, the biggest fall in a year.

US non-farm payrolls: what the economists say

There was a sharper than expected rise in the number of jobs created in the US in June, at 288,000. Economists had forecast a more modest rise in non-farm payrolls of 212,000.

IMF cuts US growth forecast as it urges minimum wage hike

The International Monetary Fund (IMF) has slashed its US growth forecast, urged policy makers to keep interest rates low and raise the minimum wage to strengthen its recovery.

US economy adds 175,000 jobs in February

The US economy added 175,000 new jobs in February, but the unemployment rate rose slightly to 6.7%.

US economy grew 2.4% in fourth quarter

Washington (AFP) - The US economy grew more slowly late last year than previously thought, but there was enough vigor that the Federal Reserve will likely continue reducing its stimulus program, analysts said.

Improving US jobs growth led to Federal Reserve taper

Federal Reserve members mostly agreed about a reduction in the central bank's stimulus efforts in December, meeting minutes released Wednesday reveal.

US debt ceiling: What we wake up to on October 18

One cannot rule out the possibility of some sort of a technical default before a compromise is reached on debt ceiling, says Alastair Newton, Senior Political Analyst, Nomura - the one who predicted a red October as early as July.

US factory output up 0.7 pc led by strong autos

WASHINGTON: US factories increased output in August by the most in eight months, helped by a robust month at auto plants.

IMF sees slower-than-expected US second-quarter growth

WASHINGTON: The US economy looks like it grew more slowly than expected in the second quarter, the International Monetary Fund said in report on Friday.

US Federal Reserve's George says hopes US bond buying can be reduced

JACKSON: The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said on Friday, noting that the Fed's last statement explicitly stated it could vary the pace of buying.

Billionaire Warren Buffet optimistic on US stocks

WASHINGTON: Billionaire Warren Buffett said the US economy is moving in the right direction and praised the policies of both President Barack Obama and his predecessor George W. Bush, in an interview that aired Sunday.

IMF to cut US growth forecast amid downbeat retail and confidence data

America's budget wrangling is holding back recovery in the world's largest economy, according to a leaked draft of forecasts from the International Monetary Fund that coincided with data showing a dip in consumer confidence and weaker spending in the nation's shopping malls.

US trade deficit narrows to near three-year low

The US trade gap with the rest of the world fell to $38.5bn (£24.3bn) in December, a near three-year low, according to the Commerce Department.

US adds 157,000 jobs in January but unemployment rate climbs to 7.9%

The US unemployment rate edged up to 7.9% in January as the number of new jobs came in below expectations, in a further indication of the fragility of the economic recovery.

Bernanke blames banks for holding back housing market

Ben Bernanke has said that the overly stringent lending requirements of banks are hurting the US housing recovery.