Us Economy

The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said Friday

US shutdown unlikely to hurt economy; S&P Ratings lowers recession risk, sees two more Fed rate cuts this year

S&P Global Ratings has lowered its probability of a US recession beginning in the next 12 months to below 30% -- a downward revision from a 35% probability estimated earlier in the year during the peak of trade tariff tensions.

Tech migrants 'key' for US growth, warns OECD chief economist

OECD, a 38-member grouping of wealthy nations, upgraded the global growth forecast to 3.2 percent growth in 2025

Former BLS chief recounts shock of getting fired over US jobs data

Trump has since picked EJ Antoni, chief economist at the Heritage Foundation, to step into the role

US Fed rate cut to mark pivot toward job market

The policy pivot will take place amid unrelenting pressure from President Donald Trump, who has pushed for a “big cut” this week

Uncertainty on tariffs hurt; paying them is worse, survey shows

That’s among the takeaways from a survey of 336 small to mid-size companies by Freightos, a Barcelona-based cargo booking platform

Jamie Dimon says US economy is weakening after record BLS revision

The revision 'just confirms what we already thought,' Dimon said

US payrolls marked down a record 911,000 in preliminary estimate

Traders widely expect central bankers to cut rates at the conclusion of their two-day meeting September 17

Billionaire investor Ray Dalio warns US debt nearing a breaking point

Looking ahead, Dalio said the Treasury will need to refinance or raise about $12 trillion in 2025 alone — including nearly $9 trillion in maturing debt and another $2 trillion to cover the deficit

US economy expands at revised 3.3% rate on stronger investment

Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a 3.3% annualized pace, the second estimate from the Bureau of Economic Analysis showed Thursday.

Jerome Powell hints at rate cuts amid weak US job market, says 'impact of tariffs clearly visible on prices'

In a key Friday speech, Powell warned that risks of higher inflation and a weakening jobs market created a "challenging situation."

Trump’s tariffs are flooding the US Treasury—but at what cost?

As customs revenue soars, Washington may become addicted to an inefficient, regressive source of income.

Trump fires data chief on bad job news, gets chance to tilt US Fed

Trump fired the head of the Bureau of Labor Statistics, hours after it sent markets tumbling with a report that showed a dramatic slowdown in US hiring

Why Trump’s EU trade deal was the need of the hour

After months of tariff chaos and diplomatic pressure, the agreement offers political relief, economic breathing room, and a chance to reset trade ties

Trump’s global tariff spree: How sudden trade moves are reshaping global commerce

From Canada to China, a wave of new duties, reversals, and threats has thrown global markets into turmoil

US jobless claims fall for a sixth week, lowest since mid-April

Initial claims decreased by 4,000 to 217,000 in the week ended July 19, still the lowest since mid-April

Charting the global economy: Tariffs trickling to US consumers

In China, a 5.2% increase in second-quarter gross domestic product beat expectations, bringing the official 5% expansion goal for the year within reach

Trump says he’ll send tariff letters to more than 150 countries

Trump in recent days has unleashed a flurry of tariff demands, informing other economies of new duties that will kick in on August 1 if they cannot negotiate better terms with the US

Americans’ new tax rates depend on who they are and what they do

The new $3.4 trillion fiscal package multiplies the categories of people and economic activity getting favored treatment

Charting the global economy: Consumer spending weakens in US

China’s industrial firms saw their profits drop the most since October, illustrating weakness in an economy strained by higher US tariffs and lingering deflationary pressure

US Senate unveils new Trump tax draft with plans to vote soon

The bill would raise the SALT deduction cap from $10,000 to $40,000 for five years before snapping back to the $10,000 level

US retail sales fall in May as tariff anxiety continues to distort spending patterns

Worst two-year slump follows pre-tariff stockpiling spree, sparking concern for consumer demand strength

Trade war's impact, key growth indicators: How global economy will shape up next week

US trade-policy fingerprints are expected to become more apparent as soon as next month, according to many economists

China’s services activity disappoints in another blow to economy

The Caixin China services purchasing managers’ index fell to 50.7 from 51.9 the month before

'Something worse than recession': Billionaire Ray Dalio who made 2008 meltdown forecast has fresh warning for US

The Wall Street veteran said that the world is now inching towards unilateral world order, which has more conflicts as against current multilateralism.