us-economy | ABS-CBN News

US Fed set to slow rate hikes but signal inflation fight not over

Beiyi Seow, Agence France-Presse
Posted at Feb 01 05:47 PM

The Federal Reserve starts the second day of its policy meeting Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling. Read more »

US growth slows in 2022 as downturn fears loom

Beiyi Seow, Agence France-Presse
Posted at Jan 27 08:26 AM

The US economy grew at a slower pace in 2022 but performed better than expected in the final months of last year, the Commerce Department said, as recession fears loomed. Read more »

US economy adds 223,000 jobs in December

Kyodo News
Posted at Jan 07 04:45 PM

The US economy added 223,000 nonfarm jobs in December, while the unemployment rate fell by 0.1 percentage point from the previous month to 3.5 percent. Read more »

US inflation slows in November in smallest spike in year

Beiyi Seow, Agence France-Presse
Posted at Dec 14 02:22 AM

President Joe Biden reacted with cautious optimism about the US economy. Read more »

Recession in US 'not inevitable': Yellen

Agence France-Presse
Posted at Dec 09 08:28 AM

A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said, adding that she believes the world's biggest economy is on the right track in lowering inflation. Read more »

Most Fed officials say slower rate hike pace appropriate 'soon'

Beiyi Seow, Agence France-Presse
Posted at Nov 24 11:28 AM

A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would 'likely soon be appropriate.' Read more »

US economy grows for first time this year

Agence France-Presse
Posted at Oct 27 09:33 PM

The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed Thursday. Read more »

Inflation maintains grip on US with new jump in September

John Biers, Agence France-Presse
Posted at Oct 14 08:26 AM

Inflation kept its hold on the US economy in September, government data showed, with a higher-than-expected jump adding to headwinds facing President Joe Biden's Democrats shortly before midterm elections. Read more »

Biden admits 'very slight' US recession possibility

Agence France-Presse
Posted at Oct 12 12:18 PM

US President Joe Biden conceded Tuesday that a "slight" recession was a possibility following a downcast IMF economic forecast, amid rising inflation and uncertainty after the Russian invasion of Ukraine. Read more »

Markets drop again as traders brace for another big Fed hike

Agence France-Presse
Posted at Sep 19 06:29 PM

Markets fell Monday as traders extended last week's rout across risk assets, with expectations high that the Federal Reserve will this week announce another outsized interest rate hike. Read more »

US annual inflation slows slightly to 8.3 pct in August

Agence France-Presse
Posted at Sep 13 09:08 PM

Annual consumer price inflation slowed slightly in August to 8.3 percent from 8.5 percent in July, the Labor Department said in an anxiously-anticipated report that the Federal Reserve is watching closely. Read more »

Markets mixed as strong US jobs data fans Fed rate hike bets

Agence France-Presse
Posted at Aug 08 07:18 PM

Markets were mixed Monday and the dollar held big gains as a blockbuster US jobs report ramped up bets that the Federal Reserve will announce more sharp interest rate hikes. Read more »

Possible for US, EU to avoid recession: Fed official

Agence France-Presse
Posted at Aug 03 11:50 AM

The US and the European Union can avoid recession by bringing inflation down to an acceptable level, a US central bank official said. Read more »

Inflation may slow China bid to oust US as top economy

Orange Wang, South China Morning Post
Posted at Jul 19 02:38 PM

China’s economy is likely to lag further behind the United States in dollar terms this year due to red-hot inflation, a leading Chinese economist has said. Read more »

Chinese 'superiority' keeps its inflation low, economic planner boasts

Orange Wang, South China Morning Post
Posted at Jul 15 01:35 PM

‘Preventing imported inflation’ and domestic inflation are key to keeping China’s economy in reasonable range, Premier Li Keqiang warns. Read more »

US Fed announces biggest interest rate hike since 1994

Agence France-Presse
Posted at Jun 16 08:53 AM

The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years on Wednesday, and said it is prepared to do so again next month in an all-out battle to drive down surging inflation. Read more »

'Nothing to suggest' US will have a recession: Yellen

Agence France-Presse
Posted at Jun 10 08:22 AM

The United States is unlikely to suffer an economic downturn, despite sky-high inflation, US Treasury Secretary Janet Yellen said Thursday. Read more »

Biden says US recession not inevitable

Agence France-Presse
Posted at May 23 07:44 PM

A recession in the United States is not inevitable, President Joe Biden said Monday, while acknowledging the economic pain experienced by Americans as inflation soars. Read more »

Fed to raise rates 'expeditiously' to cool economy: official

Agence France-Presse
Posted at May 10 09:02 PM

The US central bank has the right tools and will act quickly to cool the economy and bring down "unacceptably high" inflation, a senior Federal Reserve official said Tuesday. Read more »

Ukraine war set to push record US inflation even higher

Chris Stein, Agence France-Presse
Posted at Apr 12 08:17 PM

US government data will on Tuesday likely confirm what many Americans already suspected: prices continued to rise at record rates last month. Read more »