American economy

Economy

Fed independence ‘hangs by a thread’ as Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

01/09/2025

Economy

Trump’s tariffs knocked down by federal appeals court. What now?

The US Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth.

01/09/2025

Economy

Boost for Trump as US growth revised higher in Q2

The US economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump's trade wars.

28/08/2025

Markets

Markets rally as Fed Chair Powell signals Fed may soon cut rates

'Shifting risk balance may warrant policy adjustment,' said Jerome Powell in Jackson Hole, at the central bankers' annual meeting, hinting that the Fed may soon cut rates, even as inflation risks remain.

22/08/2025

Economy

Trump: 'Highly unlikely' to fire Fed Chair Powell, but looked into it

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

17/07/2025

Economy

US inflation accelerates to 2.7% as Trump's tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.

15/07/2025

Economy

Trump is addressing more nations with tariff letters - what's next?

The US President has been sending letters to various countries to address major trade agreements. But according to experts, they tell a confusing story about his policies.

09/07/2025

Economy

Beijing confirms that it has signed a trade agreement with the US

China said on Friday that it had further confirmed details of a trade framework, including the export of rare earths.

27/06/2025

Economy

US and UK sign a trade deal, but steel imports are still in question

The two leaders agreed on the details of how to implement the trading terms disclosed last month, including lowering tariffs on key British exports and opening the door of the UK to US imports.

17/06/2025

Economy

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

18/04/2025

Economy

US added 228,000 jobs in March despite Donald Trump's federal cuts

Although the labour market remained strong in March, an increasing number of immigrant deportations could cause labour shortages in the coming months.

04/04/2025

Economy

US growth upgraded to 2.4%, Commerce Department says

The expansion in the last three months of 2024 was supported by a surge in consumer spending and is an improvement on previous estimates.

27/03/2025

Economy

To cut or not to cut? US Fed faces stubborn inflation and weak growth

Faced with persistent inflation and a slowing economy, the Federal Reserve finds itself in a tight spot ahead of its interest rate decision this week.

17/03/2025

Economy

Chinese markets up on Trump hints of possible deal to avert trade war

President Donald Trump's comments have raised hopes of a de-escalation in the trade war between the world's two largest economies. This has further strengthened the Chinese currency and stock markets, which have gained throughout the month amid the surprising launch of DeepSeek's AI model.

21/02/2025

Economy

US's Fed Reserve looks to pause rate cuts as inflation risk rises

According to recently released minutes of the 28-29 January meeting, officials said President Trump's proposed tariffs and mass deportations of migrants, as well as strong consumer spending, were factors that could push inflation higher this year.

20/02/2025

Markets

Hopes of a US interest rate cut on inflation data helps Nasdaq soar

US stock indexes returned to positive territory as the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve.

12/12/2024

Markets

Markets week ahead: Eurozone's inflation figures take centre stage

This week, US politics and geopolitical tensions remain a focus for investors. Economic data such as the EU inflation, the US GDP, and RBNZ's rate decision will take centre stage in regional markets.

25/11/2024

Markets

Bitcoin reaches record high amid Trump-driven optimism

Bitcoin's price has seen a significant surge in the past month, driven by the so-called "Trump trade". Analysts expect the token to continue surging towards a six-digit figure.

11/11/2024

Markets

Euro suffers worst drop since Covid ahead of Trump winning US election

Ahead of a decisive win by Donald Trump in the US presidential election there was a sharp rally in the US dollar, sending the euro to a four-month low and boosting Bitcoin by 5% to a record high as European markets opened.

06/11/2024

Business

Stocks rally and euro tumbles as Trump declares victory in US race

Donald Trump is heading back to the White House, leading to a volatile session in global markets. The dollar has surged, sending the euro and emerging market currencies down.

06/11/2024