Column: All-time highs, hot inflation and a deal that isn’t done yet
At the time of writing, President Trump, along with a clutch of top US corporate executives, is in China. Mr Trump and Chinese President Xi Jinping have already held a…
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Category: Business
Kevin Warsh’s Fed plans face debt market pressure
Incoming Federal Reserve Chair Kevin Warsh could face significant challenges in reducing the US central bank’s role in financial markets as rising federal debt and weakening demand advantages for US…
US industrial production rises 0.7% in april, beats estimates
US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy. According to data released on Friday by the Federal…
US jobless claims rise while retail sales in April grow on higher gasoline prices
US unemployment claims rose moderately last week but were still within acceptable limits as businesses refrained from executing mass-level layoffs even as they grappled with mounting inflationary pressures. Initial claims…
US retail sales increase 0.5% despite inflation pressures
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau,…
US retail sales show resilience despite cost pressures, ING warns of risks
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers…
US Senate confirms Kevin Warsh to Fed Board
The US Senate on Tuesday confirmed Kevin Warsh to a 14-year term as a governor at the Federal Reserve. This vote clears a major hurdle toward his expected appointment as…
PPI shows strongest rise since 2022 as energy inflation surges
US wholesale inflation accelerated sharply in April, underscoring growing price pressures across the economy as higher energy costs and supply chain disruptions continued to ripple through businesses. The Producer Price…