Tag: US economy

• Tuesday, June 7th 2016 - 23:57 UTC

  Rate hikes likely, but some reports remain 'disappointing', admits Fed chief Yellen

  

  Reserve Chair Janet Yellen said on Monday that interest rate hikes are likely on the way because “positive economic forces have outweighed the negative” for the United States now that risks from earlier this year have diminished.

• Thursday, May 19th 2016 - 12:02 UTC

  Minutes show Fed could be ready for an interest rate in June

  

  Federal Reserve officials consider the United States economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday. Most participants in the policy-setting committee's April 26-27 meeting said they wanted to see signs that economic growth was picking up in the second quarter and that employment and inflation were firming, the minutes showed.

• Sunday, April 3rd 2016 - 07:43 UTC

  US economy gains confidence: 215.000 more jobs in March and 1.4% growth in fourth quarter

  The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created. The unemployment rate has risen to 5% from 4.9%, which was an eight-year low, but the Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy. In effect this follows the report on the US economy which grew at an annualized rate of 1.4% in the fourth quarter of 2015s.

• Thursday, February 11th 2016 - 05:57 UTC

  Fed warns about uncertainty in China and tightening financial markets

  

  Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Federal Reserve Chair Janet Yellen cautioned in a prepared testimony to Congress on Wednesday.

• Thursday, December 17th 2015 - 03:40 UTC

  Fed hikes rate to 0.25% in unanimous decision; positive reaction from markets

  

  The United States Federal Reserve on Wednesday delivered its first interest rate hike since 2006, with the decision a unanimous one. The central bank raised its key federal funds rate to 0.25%, up from at or near zero percent for the last seven years.

• Thursday, November 26th 2015 - 07:31 UTC

  U.S. economy picks up in third quarter but down from same period in 2014

  

  The U.S. economy grew at a slightly faster pace in recent months than first thought, as businesses restocked their goods. U.S. Commerce Department said the world's largest economy advanced 2.1% in the July-to-September period, up from an initial estimate of 1.5%.

• Friday, October 30th 2015 - 07:39 UTC

  US growth slows sharply in the third quarter; consumer spending strong at 3.2%

  

  United States growth slowed sharply in the third quarter of the year. GDP grew at an annualized pace of 1.5% between July and September, according to the Department of Commerce, down from 3.9% in the second quarter. The slowdown was partly due to companies running down stockpiles of goods in their warehouses.

• Friday, August 28th 2015 - 07:06 UTC

  US economy 2Q performance changes the mood of markets

  

  Shares rise and oil prices jumped 9% after revised figures showed the US economy grew by far more than had been thought between April and June. The economy grew by an annualized rate of 3.7%, up from the first estimate of 2.3%. Growth of 0.6% in the first three months of the year was not revised.

• Sunday, August 9th 2015 - 14:55 UTC

  US economy adds 215.000 jobs in July; unemployment at seven-year-low of 5.3%

  

  The US economy added 215,000 jobs in July, while the unemployment rate held at a seven-year-low of 5.3%. The Bureau of Labor Statistics said on Friday job gains came in retail trade, health care, professional and technical services, and financial activities.

• Saturday, August 8th 2015 - 09:20 UTC

  Brazil's July inflation climbed to 9.56%, powered by electricity bills, up 57.8%

  

  Brazil's annual inflation rate climbed to 9.56% in July, the highest level since 2003, official data showed Friday. Prices are being driven higher by the rising cost of electricity -- up 57.8% in the past 12 months -- as well as increasingly expensive housing, food and beverages, and health care.