Stories tagged “Us Economy.”
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US long-term borrowing costs rose again despite the government's attempt to lower them. The Treasury Department's intervention had a short-lived effect, with ongoing concerns over the level of borrowing as national debt passed $40tn.
The EB-5 American investment program allows foreign investors to obtain a green card in exchange for investing in the US economy, creating jobs, and meeting specific requirements.
US employers unexpectedly lost 23,000 jobs in July, and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
A survey reveals that rising living costs are the top concern for most Americans.
Philadelphia Fed President Anna Paulson said she is confident the current interest rate level is sufficient to bring inflation back to target. She voted with the FOMC majority to hold rates steady and said it was not a close call for her.
Kevin Warsh, the Federal Reserve chair, has proposed that the market do its job in tightening financial conditions without the Fed's intervention, sparking concerns about the central bank's credibility as an economic steward.
25 US states sue Trump administration over sweeping new tariffs
Twenty-five US states, nearly all led by Democrats, sued Donald Trump's administration over wide-ranging tariffs, arguing that the president had exceeded his authority in imposing the new levies on dozens of countries.
Kalshi traders think the July jobs number will come in below economists' consensus estimates, with a 47% chance of more than 80,000 jobs added in the month.
Investors Are Racing to Find America's Next Rare Earth Winner
Investors are racing to find America's next rare earth winner as the demand for these critical minerals continues to grow. The US is seeking to reduce its reliance on China, which currently dominates the global rare earth market.
The US Federal Reserve held interest rates steady on Wednesday in a divided vote, indicating growing pressure on the central bank to address heightened inflation.
The Federal Reserve has held US interest rates for the fifth time in a row, keeping them between 3.5% and 3.75%. This decision was broadly expected and means that borrowing costs remain relatively high, but savings rates may also be boosted.
US President Donald Trump threatened to knock out one Iranian bridge or power plant in return for each attack on shipping in the Strait of Hormuz, pressing on with a war that has so far cost Washington US$37.5 billion.
Inflation cooled to an annual rate of 3.5% in June as the brief US-Iran ceasefire brought energy prices down, according to new data from the Bureau of Labor Statistics. The consumer price index (CPI) has been elevated since the start of the war, largely because of higher …
Alan Greenspan, former chair of the US Federal Reserve, has died at 100. He served under four presidents and was credited with presiding over a period of growth and prosperity.
The US Federal Reserve left interest rates unchanged for the fourth time this year. The decision was made in the first meeting under new chair Kevin Warsh.