Page 4 - Us Economy

Jamie Dimon warns of stagflation risk amid US economic uncertainty

Dimon's comments expand on remarks he made in recent , when he warned against complacency and said recession remains a possibility, adding that many of the effects of the tariffs are yet to be seen

US filings for jobless aid inches down modestly as uncertainty lingers

The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over US trade policy. Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labour Department said Thursday. That's pretty close to the 230,000 new applications analysts forecast. Weekly applications for jobless benefits are seen as representative of US layoffs and have mostly bounced around a historically healthy range between 200,000 and 250,000 since COVID-19 ravaged the economy and wiped out millions of jobs five years ago. Even though President Donald Trump has paused or dialled down many of his tariff threats, concerns remain about a global economic slowdown that could upend the US labour market, which has been a pillar of the American economy for years. The US and China last week agreed to a 90-day pause in their trade war, giving financial markets a boost and at least temporarily ...

US House approves Trump's tax bill amid debt worries, adds $3.8 trn to debt

The US House narrowly passed Trump's sweeping tax and spending bill, adding $3.8 trillion to national debt. The plan includes tax cuts, military funding, and strict immigration measures

Explained: Why the IMF is warning the US debt is near breaking point | Trump tariffs

Did you know? The US' debt levels could soon surpass its post-World War II peak back in 1945, yes, even higher than during the Great Depression.

'Not a buying moment': Analysts wary of IT stocks amid Moody's US downgrade

Moody's downgrades US rating: Analysts see IT sector taking longer-than-expected to yield returns. Investors, they believe, should brace for near-term pressure

Moody's US downgrade deepens investor fears over rising fiscal risks

The ratings agency cut America's pristine sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country

'Eat the Tariffs': Donald Trump tells Walmart not to charge shoppers more

President Trump criticises Walmart for blaming tariffs on price hikes, urging the retailer to absorb the costs instead. 'Walmart and China should 'eat the tariffs,' he wrote on Truth Social

As US economy dips, why it means good business for India's exports

Surging trade deficit has had severest impact on America's GDP since 1947

US Fed holds rates steady: Key highlights | Jerome Powell | US Fed interest rates | US Economy

US Federal Reserve kept its benchmark rates steady at 4.25% – 4.5%. Watch the video to know the key highlights from the US Federal Reserve's May meeting.

Moody's flags rising retail credit exposure as risk to US economy grows

Since the pandemic, the share of US and global credit markets has gradually shifted from banks in the public markets to private credit firms

Trump says 'I don't know' when asked if he must uphold US Constitution

n an interview, Donald Trump was asked if both citizens and non-citizens are entitled to due process under the US Constitution. Here's what he said

US adds 177,000 jobs in sign of resilience; unemployment steady at 4.2%

American employers added a better-than-expected 1,77,000 jobs in April as the job market showed resilience in the face of President Donald Trump's trade wars. Hiring was down slightly from a revised 1,85,000 in March and came in above economists' expectations for a modest 1,35,000. The unemployment rate remained at a low 4.2 per cent, the Labour Department reported Friday. President Donald Trump's aggressive and unpredictable policies including massive import taxes have clouded the outlook for the economy and the job market and raised fears that the American economy is headed toward recession. But Friday's report showed the damage isn't showing up in the labour market yet. The labour market refuses to buckle in the face of trade war uncertainty, Christopher Rupkey, chief economist at fwdbonds, a financial markets research firm. Politicians can count their lucky stars that companies are holding on to their workers despite the storm clouds forming that could slow the economy further

Gold hits 2-week low as trade optimism, China holiday weigh on prices

Federal Reserve policymakers indicated interest rates would remain unchanged until there were clear signs of lowering inflation to the 2% goal or potential job market deterioration

S&P 500, Dow reverse to end higher despite GDP decline, crude prices sink

All three major US stock indexes recovered from a sharp selloff earlier in the day, with the S&P 500 and the Dow flipping positive just minutes ahead of the closing bell

US economy shrinks 0.3% in Q1 as tariff-driven imports hit GDP growth

Gross domestic product decreased at a 0.3% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of first-quarter GDP on Wednesday

US economy showed signs of weakness even before trade tensions escalated

The US government's initial estimate of first-quarter gross domestic product is projected to show the economy expanded at a 0.4 per cent annualised rate, the weakest in nearly three years

China boosts cash injection to shield economy from US tariff impact

The People's Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility to maintain ample liquidity in the banking system

US economy likely to slow sharply amid trade tariff hikes, says Nomura

The US growth is going to slow quite sharply, close to recession, says Robert Subbaraman

India to remain fastest growing even as FY26 GDP forecast cut to 6.2-6.7%

Amid the ongoing tariff war and uncertainty over the US trade policy, international agencies have cut India's growth projections by up to 0.5 per cent for the current fiscal, though the country will continue to be the fastest growing major economy. India is expected to grow in the range of 6.2-6.7 per cent in the current fiscal, despite the possibility of the US economy slipping into recession, China's growth taking a heavy beating and globally, countries seeing slowing economic activity. The International Monetary Fund (IMF) and the World Bank have slashed India's growth projections for 2025-26 to 6.2 per cent and 6.3 per cent, respectively, citing uncertain global environment and high trade tensions. In January, the IMF and the World Bank had projected India to grow at 6.5 per cent and 6.7, respectively, in the current fiscal. The Indian economy is estimated to have grown 6.5 per cent in the last fiscal. As per the projections by the Reserve Bank of India, the country's 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