All the updated news related to us economy

All the news related to us economy updated in real time

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World

US government estimates economy grew last quarter at 2.1% rate

The US economy grew at a 2.1% annual pace from April through to the end of June, extending its sturdy performance in the face of higher interest rates, the government said, leaving its previous estimate unchanged. The second-quarter expansion of ...

28 Sept 2023 at 14:57

World

Federal Reserve chairman: Elevated inflation likely to delay rate cuts this year

US Federal Reserve chairman Jerome Powell has cautioned that persistently elevated inflation is likely to delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Recent data have clearly ...

16 Apr 2024 at 21:15

World

Japan’s Nikkei 225 index plunges as world markets react to US economy fears

Japan’s benchmark Nikkei 225 stock index has plunged 12.4% in the latest bout of sell-offs to shake world markets as investors fret over the state of the US economy. The Nikkei closed down 4,451.28 points at 31,458.42 on Monday. The market’s ...

05 Aug 2024 at 11:44

World

Trump prepares matching tariffs on trade partners, signalling economic showdown

US President Donald Trump is taking additional action to upset the world trade system, with plans to sign an order that would require US tariffs on imports to match the tax rates charged by other countries. “It’s time to be reciprocal,” Mr ...

12 Feb 2025 at 08:58

City

Wall Street falls while FTSE 100 regains losses after US economy shrinks

The FTSE 100 finished in the green on Wednesday while US markets slumped, following news that the US economy contracted in the first part of this year. London’s blue-chip index ended the day in the green, rising 31 points to finish the ...

30 Apr 2025 at 18:20

World

US economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The US economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in ...

30 Apr 2025 at 14:35

World

McDonald’s store traffic falls unexpectedly as diners grow uneasy about economy

McDonald’s store traffic fell unexpectedly in the first quarter as economic uncertainty weighed on diners. The burger giant’s same-store sales, or sales at locations open at least a year, fell 1% globally in the January-March ...

01 May 2025 at 12:39

City

FTSE 100 holds on to gains as US stocks boosted

The FTSE 100 remained steady on Thursday, with its recovery from April’s turbulence continuing as stocks were climbing in the US. The index managed to claw back losses from earlier in the day to gain 1.95 points, or 0.02%, ...

01 May 2025 at 17:23

World

Fed governor Lisa Cook says she will sue Trump to keep job

US Federal Reserve governor Lisa Cook will sue President Donald Trump’s administration to try to prevent him from firing her, her lawyer has said. “President Trump has no authority to remove Federal Reserve governor Lisa ...

26 Aug 2025 at 21:11

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