Page 2 - Us Economy

Oil prices climb on hopes for Federal Reserve slowing interest rate hikes

Oil prices rose on Friday on optimism that the U.S. Federal Reserve will ends its tightening cycle, buoying the economy and boosting fuel demand

Countdown to possible US govt default in offing, parties fight over debt

Markets so far remain calm, as the government can temporarily rely on accounting tweaks to stay open, meaning that any threats to the economy are several months away

US, China vow to prevent competition from becoming 'conflict': Janet Yellen

The Chinese economy is reopening after a Covid-19 resurgence killed tens of thousands of people and shuttered countless businesses

American media giants NBC News, MSNBC lay off employees in 'double digits'

According to CNN, the laid off number was around 75 and the staff cuts affected across the divisions

US consumer prices dropped 0.1% in Dec 2022 but remain at record high

The US Consumer Price Index fell a very modest 0.1 percent in December, according to Labor Department data released Thursday

US Inflation report for Dec could show another month of cooling prices

The US inflation report for December being released Thursday morning could provide another welcome sign that the worst bout of spiking prices in four decades is slowly weakening. Or it could suggest that inflation remains persistent enough to require tougher action by the Federal Reserve. Most economists foresee the more optimistic scenario: They think December marked another month in which inflation, though still uncomfortably high, continued to cool. According to a survey by the data provider FactSet, analysts have predicted that consumer prices rose 6.5 per cent in December compared with a year earlier. That would be down from 7.1 per cent in November and well below a 40-year high of 9.1 per cent in June. On a month-to-month basis, the economists think prices were flat in December. Even more significant, a closely watched gauge of core prices which excludes volatile energy and food costs is expected to have risen just 0.3 per cent from November to December and 5.7 per cent fro

The US Dollar tentative as investors assess rate-hike path, says data

The U.S. dollar was steady on Monday as investors digested a clutch of economic data released last week that stoked hopes of the Federal Reserve slowing the pace of its interest rate hikes

US immigrants generate 36% of nation's innovation, finds NBER study

About 36% of the innovative output of the past three decades can be attributed to immigrants - who make up 16% of the country's inventors, the paper concludes

US extends interview waiver for certain non-immigrant visa categories

It said the Department of State recognises the positive impact of travel to the United States by foreign students and temporary work visa holders on the US economy

US steelmakers flag recession concerns, energy costs could impact demand

Benchmark steel prices are down more than 50% this year as surging inflation has crimped appetite for longer-term projects

No shine in Surat diamond industry this Christmas, thanks to bad US economy

Festive orders, sales in December down by 15-20% over last year

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs

Too good to be bad, too risky to be good: Economy has Fed in a fix

Financial markets and professional forecasters seem braced for the latter

Rupee sheds 26 paise to dollar as firm US data leads to Fed hike jitters

The domestic unit settled at 82.54 to the dollar on Monday, from 82.28 at previous close. So far in 2022, the Indian currency has shed 9.9% against the greenback

Fed's message on rate hold for 'some time' clashes with 2023 rate-cut bets

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

Five questions for 2023

These questions will shape the world economy in the new year, and matter to India

Strong jobs growth in the US has Federal Reserve in a fix: Report

Hiring remains strong despite technology companies, including Twitter, Amazon, and Meta announcing thousands of jobs cuts

RBI monetary policy: Pace of tightening set to slow

Our financial system needs more time for the broad-based transmission of the past concentrated increases in the repo rate (190 basis points in just four months)

The US and UK should be welcoming foreign talent, not driving it away

The US and UK are threatening their long-term prospects with foolish policy

Rate hike slowdown possible in Dec, inflation fight not over: Fed's Powell

The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," Fed Chair Jerome Powell said