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Economy

European markets recover ahead of expected Fed rate hike

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Economy

Fed holds interest rates steady as three policymakers demand hike

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.

Economy

Despite high inflation, Fed expected to hold rates steady for now

The US Federal Reserve is expected to hold rates on Wednesday, although investors were pricing in a 32% chance of an increase on Tuesday night, with analysts describing the decision as the most uncertain in years.

Economy

Fed keeps rates unchanged but signals possible hike this year

The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.

Economy

Warsh takes the helm: What to watch as the Fed weighs rate decision

The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank's new leader intends to steer it.

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Economy

US inflation reaches 4.2%, clouding Fed rate-cut outlook

Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve's interest-rate outlook.

Economy

US Fed leaves rates unchanged as Powell set to remain on board

A divided US Federal Reserve has held interest rates steady for a third consecutive meeting, as policymakers grapple with heightened uncertainty linked to the war in the Middle East. The decision is expected to be the last overseen by Chair Jerome Powell.

Economy

Fed nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

Economy

US inflation surges to 3.3% as Iran war fuels energy price shock

US consumer prices rose sharply in March, with headline inflation climbing to 3.3% year-on-year as energy costs spiked in the wake of the Iran war, official data showed on Friday.

Economy

Fed projects one rate cut, sees limited Iran war impact

Federal Reserve officials say the war in Iran is likely to push up inflation this year, while having little impact on economic growth.

Economy

Moody's says US recession increasingly 'hard to avoid' amid Iran war

Moody’s Analytics model forecasts a 49% chance of a US recession in the next 12 months, the closest probability in years.

Economy

Iran attacks threaten US GDP growth and inflation prospects

The US and Israeli attacks on Iran have pushed up oil prices, adding fresh uncertainty to a US economy already facing stubborn inflation and weak hiring.

Economy

‘Greatest economy ever’? The numbers behind Trump’s boasting

President Trump touted the “greatest economy ever” in his State of the Union address on Tuesday as he tried to strike the right tone on affordability. Yet, the data paints a more complicated picture.

USA

Trump in 2026: Leader of the free world or lame duck president?

An unequal economy, rising unpopularity and visible cracks in the Republican coalition: the first year of Donald Trump's second term in office ended with the president on the defensive domestically. With the midterm elections approaching, can Trump hold his grip on power?

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US ends penny production after more than 230 years

The United States has struck its final penny after more than two centuries, ending production due to rising manufacturing costs and declining relevance.

Economy

How a 50-Year mortgage could reshape homeownership in the US

The White House is considering backing a 50-year mortgage plan to help alleviate the country's home affordability crisis. Experts say the proposal has several drawbacks.

Economy

Trump proposes $2,000 payments to Americans to show tariff benefits

US President Donald Trump has proposed issuing payments of at least $2,000 to all Americans, apart from those in high-income brackets, saying the move would highlight the benefits of his tariff policy.

Follow the latest trends shaping the U.S. economy, including inflation, Federal Reserve rate decisions, employment data, and shifts in major sectors like technology, energy, and manufacturing. Understand how domestic policies and global markets influence economic growth and challenges.