Tag: US economy

Friday, September 9th 2011 - 09:33 UTC
US trade deficit drops significantly in July as exports climb and oil prices fall

The U.S. trade deficit in goods and services dropped 13.1% in July to 44.8 billion dollars, the Commerce Department said Thursday.
Thursday, September 8th 2011 - 00:12 UTC
Review on US economy for Fed’s next meeting shows slow growth, weak activity

The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.
Friday, September 2nd 2011 - 21:36 UTC
World markets collapse on fears US economy is stalling and dismal jobs data

Fears that the US economy is stalling and may be heading back into recession caused a severe slump in stock markets around the world on Friday. With European indexes already shaken by concerns with Greece and the Euro, worse-than-expected US jobs data drove investors to unload stocks.
Wednesday, August 24th 2011 - 06:47 UTC
World markets higher on expectations of Bernanke speech Thursday

US stocks shot 3% higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week could signal new help for the US economy, giving investors hope a four-week rout was nearing an end.
Friday, August 12th 2011 - 17:27 UTC
US retail sales up in July, but consumer confidence down to its lowest since 1980

US retail sales rose in July by the largest amount in four months, Commerce Department figures show, tempering fears that the US may be slipping back into recession.
Wednesday, August 10th 2011 - 18:06 UTC
US citizens believe the country is on the wrong track shows poll

US citizens by a large majority believe the United States is on the wrong track and nearly half think the worst is yet to come in the economy, a Reuters/Ipsos poll said today.
Thursday, July 28th 2011 - 11:27 UTC
US economic recovery slowed down in June says Fed’s Beige Book

The pace of United States economic growth slowed last month in eight of the 12 Federal Reserve Districts, the central bank said Wednesday in the latest edition of its Beige Book report.
Monday, July 25th 2011 - 06:47 UTC
US debt ceiling: Republicans insist in torpedoing Obama 2012 re-election bid

US President Barack Obama reiterated on Sunday his opposition to any short-term plan to raise the US debt ceiling, while Republicans insisted on a two-step solution, a White House official said.
Thursday, July 14th 2011 - 18:27 UTC
Bernanke warns Congress of “calamitous outcome” if the US defaults on its debt

Federal Reserve Chairman Ben Bernanke warned the United States Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.
Wednesday, June 22nd 2011 - 23:36 UTC
Fed admits it does not have a “precise read” of why US economy is slowing

The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.