Us Economy

US futures make cautious gains on tariff relief, but recession fears remain

After an initial jump, S&P 500 futures pared gains to be up 0.8 per cent, while Nasdaq futures rose 1.25 per cent

US Fed could be in 'difficult' spot with higher prices, slower hiring

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And they said it could cut its rate if growth slowed and unemployment rose. The minutes were for the Fed's March 18-19 meeting. But if both happened at the same time, the Fed may face difficult tradeoffs, some of the 19 officials on the central bank's interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged or even raising it if necessary. The minutes ..

Fed's Musalem sees growth slipping below trend, higher inflation risk

Higher prices from tariffs could lead to a one-time price shock that the Fed could largely look through in setting policy, though Musalem said he regarded that approach as risky

'Don't wait': Trump lures businesses to US with no tariffs, fast approvals

US President Donald Trump encouraged businesses to follow the example of Apple and other firms that have recently expanded in the US

US President Trump move shaves off Rs 14 trillion in market capitalisation

The wealth destruction is on account of fears that the tariffs imposed by US President Donald Trump would upend global trade, slow global growth and push the US economy into recession

From Ray-Bans to wigs, American buyers may see unexpected price hikes

During Trump's first term when he imposed much more limited tariffs on China, many companies reported they lacked pricing power to pass on costs to consumers

Trump's reciprocal tariffs to push US economy into recession: JPMorgan

JPMorgan's forecast came alongside similar changes from other banks, which have been slashing projections for US growth this year since the tariff announcement

They played it wrong, warns Donald Trump on China's reciprocal tariffs

China's countermeasure follows the US' announcement on April 2 of a 34 per cent reciprocal tariff on Chinese goods

US job growth beats expectations in March amid Trump's tariff concerns

The labor market is being underpinned by low layoffs, generating solid wage gains that are helping to sustain the economic expansion

Trump's tariffs have unleashed worst of all possible worlds for his voters

Trump, speaking on Air Force One on Thursday afternoon, said he was open to reducing tariffs if trading partners were able to offer something "phenomenal"

Trump tariffs wipe out $2.5 trn from US stock market amid recession fears

The breadth and severity of the levies dwarfed those imposed by Trump during his first term, threatening to upend global supply chains, exacerbate an economic slowdown and boost inflation

How Donald Trump's tariffs were honed in the final hours before rollout

For a policy Trump championed for months on the campaign trail and vowed to implement quickly as the centerpiece of his economic agenda, the messiness of the rollout was inescapable

White House weighs executive order to fast-track deep-sea mining: Report

If signed, the order would mark US President Donald Trump's latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy

Liberation day: How should Indian firms and policymakers respond?

Firms in India tend to be highly connected into the US economy through elite human networks

US economy expands 2.4% in Q4 after upgrade; full year growth at 2.8%

The US economy expanded at a healthy annual 2.4 per cent pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-quarter growth. But it's unclear whether the United States can sustain solid growth as President Donald Trump wages trade wars, purges the federal workforce and promises mass deportations of immigrants working in the country illegally. The Commerce Department said that growth in gross domestic product the nation's output of goods and services decelerated from a 3.1 per cent pace in July-September 2024. For all of 2024, the economy the world's biggest grew 2.8 per cent.

US core capital goods orders drop in Feb amid uncertainty over tariffs

Non-defence capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.3 per cent last month after an upwardly revised 0.9 per cent surge in January

US manufacturing output accelerates in Feb on surge in motor vehicle output

Manufacturing, which accounts for 10.3 per cent of the economy, has been recovering as the US central bank started cutting interest rates in September

US Fed expected to cut rates twice this year, starting in September

Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump's economic policies, particularly on trade

Donald Trump defends tariffs before corporate America as stocks sell off

US stocks on Tuesday extended a selloff that has dragged the benchmark S&P 500 down 5.3 per cent so far in 2025, with investors rattled over increased tariffs on imports

Trump downplays business concerns over tariff uncertainty and price hikes

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn't ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that sent markets tumbling over concerns of a trade war, Trump said his plans for broader reciprocal tariffs will go into effect April 2, raising them to match what other countries assess. April 2nd, it becomes all reciprocal, he said in a taped interview with Fox News Channel's Sunday Morning Futures. What they charge us, we charge them. Asked about the Atlanta Fed's warning of an economic contraction in the first quarter of the year, Trump seemingly acknowledged that his plans could affect U.S. growth. Still, he claimed, it would ultimately be "great for us. When questioned whether he was expecting a recession in 2025, Trump responded: I hate to predict ..