Page 11 - Us Economy

US Fed's relaxed bank capital plan faces pushback from regulator: Report

At least three of five FDIC board directors whose support is needed to formally propose the new draft currently oppose doing so, the sources said

US household wealth rises in Q2 to record $163.8 trn on real estate gains

The snapshot of households' financial wellbeing comes less than a week before the Federal Reserve is widely expected to reduce borrowing costs for the first time since the pandemic recession

US Treasury reports $380 billion federal budget deficit in August

The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24 per cent increase from a gap of $1.525 trillion in the year-ago period

US banks share fall on warnings of slower-than-anticipated recovery

Bank executives this week softened investor hopes ahead of a widely expected interest rate cut by the Federal Reserve, as well as persistent worries over the economy

US consumer prices rise 0.2% in Aug, underlying inflation shows stickiness

In the 12 months through August, the CPI advanced 2.5 per cent. That was the smallest year-on-year rise since February 2021 and followed a 2.9 per cent increase in July

US dollar declines ahead of key inflation data, presidential debate

The Federal Reserve is expected to cut interest rates next week for the first time in more than four years

Cash could stay attractive for months despite rate cuts, says JP Morgan

In 2001 and 2019 - an aggressive and shallow rate-cutting cycle, respectively - the spread turned positive about three months after the first cut

US weekly jobless claims fall amid low layoffs on upright labour market

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy

Global hedge funds posted gains in August despite market rollercoaster

Citadel's flagship multi-strategy fund Wellington was up roughly 1 per cent last month, as well as Schonfeld Strategic Advisors' flagship fund Strategic Partners

Nvidia suffers $279 billion loss in one day due to these factors: Explained

Nvidia lost $279 billion of its market cap on Tuesday, leading a broader market selloff. This followed a quarterly revenue forecast by the company that fell short of investors expectations

Charting the global economy: Inflation pressure cools in US, Europe

Meantime, inflation in Tokyo - a leading indicator of the national data due in September - picked up speed in August, supporting the case for the Bank of Japan to continue raising rates

As US rate cuts near, economic 'soft-landing' odds could dictate market

History shows that stocks tend to perform far better when rate cuts come against a background of resilient growth instead of during a sharp economic slowdown

US Federal Reserve preferred price gauge is set to reinforce rate cuts

Economists see the personal consumption expenditures price index excluding food and energy - the Fed's preferred measure of underlying inflation - rising 0.2% in July for a second month

Jerome Powell says 'time has come' for US Fed to cut interest rates

Swaps traders held roughly steady in their pricing, with the total rate cuts they foresee through the end of 2024 at about 102 basis points

US job market may be near tipping point, unemployment may rise: Research

Fed officials appear to have reached the same conclusion, with reductions to the U.S. central bank's benchmark policy rate expected to begin at the upcoming Sept. 17-18 meeting

With Fed rate cut set, Powell to focus on explaining US economic conditions

Powell instead could provide some background for the public and markets to understand how the Fed will respond as the economy evolves

US oil, gas M&A activity rose 57% in 2023 as industry consolidated: Report

The jump in spending on dealmaking and expanding reserves marks a shift in strategy following a years-long focus on shareholder returns over growth, which many firms had employed

Trump attacks Harris on inflation, economics in remarks at his golf club

Former President Donald Trump has said that Americans are struggling with massive price hikes that he blamed on Vice President Kamala Harris, looking to saddle his new Democratic rival with the unpopular economic record of President Joe Biden. Trump on Thursday stuck close to his scripted economic message, reading from a binder in front of him in a news conference at his New Jersey golf club. A day earlier, he struggled to make a sustained case for his economic policies during a meandering speech that his campaign had billed as a major policy address. Kamala Harris is a radical California liberal who broke the economy, broke the border and broke the world, frankly, Trump told reporters. Trump was flanked by popular grocery store items, including instant coffee, sugary breakfast cereals and pastries, laid out on tables as he highlighted the cost of everything from food to car insurance to housing. The event came one day after the Labor Department announced year-over-year inflation h

US business inventories marginally up by 0.3% in Jun after 0.5% rise in May

Inventories increased 2.1 per cent year-on-year in June

US producer inflation slows in July amid signs of pricing power diminishing

The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures