US Economy News
US Economy
US GDP Revised Higher to 2.2% on Consumer Spending
US GDP growth was revised to 2.2% in Q2 2026 as stronger consumer spending, business investment and domestic demand boosted economic activity.
Wall Street Jobs Report and Fed Rate Path in Focus
Wall Street awaits the US jobs report and PCE inflation data as rising Treasury yields and Fed rate expectations test the stock-market rally.
US Core Capital Goods Orders Surge 1.6% in August
US core capital goods orders surged 1.6% in August, beating forecasts as AI infrastructure and business equipment spending support economic growth.
US Jobless Claims Fall to 197,000 as Labor Market Stabilizes
US jobless claims fell to 197,000 as layoffs remained low, while cautious hiring and rising continuing claims pointed to a mixed labor market.
Glencore Secures $500M for US Critical Minerals Reserve
Glencore announces a $500 million US EXIM Bank commitment for VaultCo, a planned critical minerals reserve aimed at strengthening US supply chains.
Trump’s 1% Rate Demand Raises Inflation and Dollar Risks
Trump's demand for 1% interest rates sparks concerns over inflation, Treasury yields and the dollar as the Federal Reserve maintains its focus on price stability.
US National Debt Hits $40 Trillion as Borrowing Accelerates
The United States has crossed a debt milestone that would have been almost unimaginable a generation ago. On August...
US Economy Grows 1.5% in Second Quarter as AI Investment Fuels Growth but Rising Trade Deficit Slows GDP
The US economy grew at an annualized rate of 1.5% during the second quarter of 2026, falling short of...
US Inflation, Slowing Job Growth, and Mortgage Rates: What the Latest Economic Data Means for American Households and Businesses
The latest US inflation and jobs report paints a picture of an economy balancing between resilience and uncertainty. While...
China Hit Harder Than US by West Asia War: Gita Gopinath Warns of Global Economic Risks
The ongoing West Asia conflict has sent shockwaves through global energy markets but contrary to popular belief, it is...
Trump Tariff Refunds Begin: Who Benefits from the Largest U.S. Reimbursement Ever?
A Rare Policy Reversal with Massive Financial ImpactStarting Monday, thousands of U.S. businesses are entering what could become the...
JD Vance Praises Indian-Origin In-Laws, Flags H-1B Visa Issues and Immigration Reform Needs
US Vice President JD Vance praised his Indian-origin in-laws during a public event at the University of Georgia on...
Trump Administration Considers Waiving 100-Year-Old Jones Act to Address Rising Fuel Prices
The Trump administration is considering temporarily waiving the century-old Jones Act in an effort to ease supply disruptions and...
Trump Tells Supreme Court Justices Tariffs Could Replace Income Tax During State of the Nation Address
US President Donald Trump used his annual State of the Nation address to strongly defend his tariff policy, even...
Trump Announces Launch of ‘Massive’ $550 Billion US-Japan Trade Deal
US President Donald Trump on Tuesday formally announced the launch of what he described as a “massive” $550 billion...
Trump Administration to Add 65,000 H-2B Guest Worker Visas in 2026 to Ease Labor Shortages
The administration of US President Donald Trump has announced plans to add approximately 65,000 additional H-2B seasonal guest worker...
Trump Taps Kevin Warsh as Next Fed Chief, Signals Push for Greater Control Over Interest Rates
US President Donald Trump on Friday nominated former Federal Reserve Governor Kevin Warsh to serve as the next chair...
US May Roll Back 25% India Tariffs After Russian Oil Import Cuts: Scott Bessent
US Treasury Secretary Scott Bessent has suggested that the Donald Trump-led administration could consider lifting 25% of the 50%...