bbc.co.uk
Hospitality and education boost US job creation in August
The US economy added 162,000 jobs in August, almost triple the expected 56,000, driven by increased employment in restaurants, bars, and local government education.
Us Economy
Stories tagged “Us Economy.”
17 stories
annahar.com
Gold Falls After Recording Highest Level Since Mid-May Amid Inflation Data and Fed Chairman's Speech
Gold prices fell on Tuesday after recording their highest level in over three months, as investors shifted their focus to key inflation data and a speech by Federal Reserve Chairman Kevin Warsh this week.
bbc.co.uk
US borrowing costs rise as attempts to ease rates prove short-lived
US long-term borrowing costs rose again despite the government's attempt to lower them. The Treasury Department's intervention had a short-lived effect, with ongoing concerns over the level of borrowing as national debt passed $40tn.
annahar.com
EB-5 American: Investment Begins at $800,000 and May Lead to 'Green Card'
The EB-5 American investment program allows foreign investors to obtain a green card in exchange for investing in the US economy, creating jobs, and meeting specific requirements.
theguardian.com
US unexpectedly lost 23,000 jobs in July as slump in growth continues
US employers unexpectedly lost 23,000 jobs in July, and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
theguardian.com
Most Americans View Rising Living Costs as Biggest Barrier to Better Life, Survey Finds
A survey reveals that rising living costs are the top concern for most Americans.
cnbc.com
Philadelphia Fed President Paulson content with current rates, but keeping an open mind
Philadelphia Fed President Anna Paulson said she is confident the current interest rate level is sufficient to bring inflation back to target. She voted with the FOMC majority to hold rates steady and said it was not a close call for her.
theguardian.com
Trump Fed chair’s inflation strategy: leave it to the market
Kevin Warsh, the Federal Reserve chair, has proposed that the market do its job in tightening financial conditions without the Fed's intervention, sparking concerns about the central bank's credibility as an economic steward.
25 US states sue Trump administration over sweeping new tariffs
france24.com
25 US states sue Trump administration over sweeping new tariffs
Twenty-five US states, nearly all led by Democrats, sued Donald Trump's administration over wide-ranging tariffs, arguing that the president had exceeded his authority in imposing the new levies on dozens of countries.
cnbc.com
Kalshi traders think July jobs will come in cooler than estimates
Kalshi traders think the July jobs number will come in below economists' consensus estimates, with a 47% chance of more than 80,000 jobs added in the month.
Investors Are Racing to Find America's Next Rare Earth Winner
oilprice.com
Investors Are Racing to Find America's Next Rare Earth Winner
Investors are racing to find America's next rare earth winner as the demand for these critical minerals continues to grow. The US is seeking to reduce its reliance on China, which currently dominates the global rare earth market.
theguardian.com
Fed holds interest rates steady despite Trump’s renewed calls to lower them
The US Federal Reserve held interest rates steady on Wednesday in a divided vote, indicating growing pressure on the central bank to address heightened inflation.
bbc.co.uk
US interest rates held for fifth time in a row
The Federal Reserve has held US interest rates for the fifth time in a row, keeping them between 3.5% and 3.75%. This decision was broadly expected and means that borrowing costs remain relatively high, but savings rates may also be boosted.
channelnewsasia.com
Trump threatens Iran bridges, power as payback for Hormuz attacks
US President Donald Trump threatened to knock out one Iranian bridge or power plant in return for each attack on shipping in the Strait of Hormuz, pressing on with a war that has so far cost Washington US$37.5 billion.
theguardian.com
Inflation cools to 3.5% in June in relief brought by brief US-Iran peace deal
Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI) has been elevated since the start of the war, largely because of higher …
theguardian.com
Alan Greenspan, longtime head of the US federal reserve, dies aged 100
Alan Greenspan, former chair of the US Federal Reserve, has died at 100. He served under four presidents and was credited with presiding over a period of growth and prosperity.
theguardian.com
Federal Reserve holds interest rates steady for fourth time this year
The US Federal Reserve left interest rates unchanged for the fourth time this year. The decision was made in the first meeting under new chair Kevin Warsh.