Fearing inflation will fail to moderate as expected, the United States Federal Reserve, following two days meeting, left its main interest rate unchanged, for the eighth time running at 5.25
The US Central Intelligence Agency is preparing to release a set of documents compiled more than 30 years ago detailing the agency's involvement over the previous quarter century in crimes both at home and abroad.
United States wholesale prices soared 0.9% in May pushed mainly by a 10.2% rise in fuel prices adding to concerns over continuing inflation risks and fears over further interest rate rises.
The United States government refused on Wednesday to name China as a manipulator of currency values to gain unfair trade advantages and rejected a request by Congress members to file a trade case against Beijing on the currency issue.
The United States trade deficit fell unexpectedly in April to 58.5 billion US dollars, helped by the weak dollar which makes US exports more competitive and depresses demand for imports.
The chairman of the United States Federal Reserve Ben Bernanke forecasted Tuesday the US economy will rebound in spite of the slump in housing and the somewhat elevated inflation.
The United States economy grew at the slowest pace in four years in the first three months of this year. Thursday's report from the Commerce Department says the gross domestic product, GDP, of the United States grew just 0.6%.
Former United States Federal Reserve Chairman Alan Greenspan said on Friday that U.S. interest rates are low, but that rates are low all over the world.
The United States economy added 157,000 new jobs in May, the biggest expansion in two months as companies continued to employ despite the sluggish economy.
United States President George W Bush has chosen Robert Zoellick, former deputy Secretary of State, to be president of the World Bank, US officials revealed on Tuesday.