US Economy

Financial Times
Trump’s spending and attacks on Fed put US safe-haven status at risk, economists warn
Donald Trump’s “breathtaking fiscal policy excess” and attacks on the Federal Reserve’s independence risk diminishing the US’s status as the ultimate safe haven for foreign investors, economists ...
Financial Times
Trump’s fiscal policy and attacks on Fed put US safe haven status at risk, economists say
Donald Trump’s “breathtaking fiscal policy excess” and attacks on the Federal Reserve’s independence risk diminishing the US’s status as the ultimate safe haven for foreign investors, economists ...
NHK
Japan's top trade negotiator, US Commerce chief hold phone talks
Japanese Economic Revitalization Minister Akazawa Ryosei has spoken with US Commerce Secretary Howard Lutnick over the phone twice in addition to their face-to-face talks in Washington.
Reuters
US consumer spending falls; tariff-related boost to inflation awaited
U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of the Trump administration's tariffs faded, while monthly inflation ...
Financial Times
Biggest US banks pass Federal Reserve stress tests
The lender with the biggest fall in its capital due to the theoretical stress was Deutsche Bank’s US operation, which had a hypothetical decline of more than 12 per cent, based on the averaged results ...
Wall Street Journal
US economy shrugs off trade war and soldiers on
Investors may not think the economy is taking off, but they are probably relieved that the worst-case scenarios feared in recent months haven’t come to pass. Trump’s tariffs, deportations, and cuts to ...
Bloomberg
US GDP Revised Lower as Consumers Slash Services Spending
US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.
The Hill
US economy shrunk faster than expected, new data shows
First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists. GDP contracted by 0.5 percent on an annualized basis, 0.3 ...
Reuters
US labor market losing steam; economic outlook uncertain
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an uncertain economic ...
SCMP
US economy shrank 0.5% in first quarter, worse than earlier estimates revealed
Growth weighed down by surge of imports as US companies and households rushed to buy foreign goods before Trump could impose tariffs on them.
Reuters
US labor market softening as more people remain on unemployment rolls
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming scarce as businesses remain hesitant to hire because of an uncertain economic ...
Newsweek
US Trade Deficit Surges Despite Donald Trump's Tariffs
President Donald Trump's tariff plan has not delivered his desired result as exports declined while imports did not change significantly.
Financial Times
Transcript: Can anything stop the US economy?
This is an audio transcript of the Unhedged podcast episode: ‘Can anything stop the US economy?’ Robert Armstrong Inflation, high interest rates, an AI bubble, bad sentiment, tariffs, a lousy housing ...
Financial Times
Heathrow warns of weakening demand for US business travel
Heathrow has warned of a more “challenging” market for transatlantic flights triggered by economic uncertainty in the US, as the UK’s biggest airport said it was seeing “early signs of softness” on ...
Reuters
US consumer spending falls unexpectedly in May
US consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate.
Financial Times
US stocks hit record high as markets recover from Trump tariff shock
Wall Street’s S&P 500 share index climbed to a record high on Friday, capping a dramatic rebound by US stocks from a sharp drop earlier in the year sparked by Donald Trump’s barrage of global tariffs.
Bloomberg
US Pushes for Economic Pact in Congo-Rwanda Peace Agreement
A US-brokered peace deal between Democratic Republic of Congo and Rwanda will include the outlines of a separate economic integration pact between the two nations — to be concluded within three months ...
The Hill
US economy shrank faster than expected, new data shows
First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists. GDP contracted by 0.5 percent on an annualized basis, 0.3 ...
Reuters
JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025
U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this year, JPMorgan ...
Financial Times
White House insists Trump’s ‘big, beautiful’ bill will help slash US debt
The White House has insisted that Donald Trump’s economic policies will help cut the US debt as it makes a final pitch to win over fiscal hawks in the Senate and get the preside ...
Bloomberg
One Sign That US Economic Exceptionalism Is Dead
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent ...
Reuters
Gold holds steady as investors await US economic data
Gold prices were steady on Wednesday as market participants remained cautious ahead of key U.S. economic data, while the ceasefire between Iran and Israel weighed on safe-haven demand. Spot gold was ...
Reuters
JPMorgan Sees Tariff-Induced US 'Stagflationary' Slowdown in 2025
In April, Treasury yields spiked amid broader market volatility caused by U.S. President Donald Trump's announcement of sweeping tariffs. JPMorgan expects U.S. Treasury two-year yields will end the ...
Reuters
JPMorgan sees tariff-induced US stagflationary slowdown in 2025
In April, Treasury yields spiked amid broader market volatility caused by U.S. President Donald Trump's announcement of sweeping tariffs. JPMorgan expects U.S. Treasury two-year yields will end the ...
Bloomberg
US Economy: Jobless Claims Fall, 1Q GDP Revised to -0.5%
US Jobless claims declined to 236,000 as continuing claims increased to 1.97 million, the highest since November 2021. Elsewhere, the US merchandise-trade deficit unexpectedly widened in May while ...
Bloomberg
US GDP Revised Lower as Consumers Slash Recreation Spending
US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic as outlays for recreation services plunged.
Reuters
US first-quarter GDP revised lower on tepid consumer spending
The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs ...
Reuters
US durable goods orders soar in May on aircraft
Orders for long-lasting U.S. manufactured goods rebounded sharply in May, boosted by a surge in commercial aircraft bookings, though economic uncertainty stemming from import tariffs remains a ...
Bloomberg
Treasury Rally Gains Steam as Economic Data Fuels Rate-Cut Bets
A rally in short-dated Treasuries gathered pace Thursday after a raft of US economic data on balance favored wagers on as many as three Federal Reserve interest-rate cuts this year.
SCMP
‘Summer Davos’ panel mulls secret sauce of US economy – did China crack the recipe?
The American economy has outperformed others by relying on a sort of secret, magic "sauce", but Washington's tariff and immigration policies are threatening to shift the outlook, according to leading ...
Bloomberg
US Consumer Confidence Declines on Economic Concerns
US consumer confidence unexpectedly declined in June on concerns about prospects for the economy. The Conference Board's gauge of confidence decreased 5.4 points to 93, below all estimates in a ...
Reuters
US bond market braces for surge in Treasury supply in second half
The bond market is bracing for up to $1 trillion of additional U.S. Treasuries supply in the second half of the year once lawmakers address the looming debt ceiling problem, possibly permanently, top ...
Reuters
US current account gap clocks pre-2008 crash milestone
The U.S. balance of payments gap as a share of annual economic output hit its widest point in almost 20 years during the first quarter. Rather ominously, the last time it was this large was the eve of ...
Bloomberg
China Doesn’t Hold Upper Hand Against US, Biden Official Says
It will take “a generation” to diversify some of the US dependency on China for rare earths and other pieces of global supply chains, but that doesn’t mean Beijing holds the economic upper hand over ...
Bloomberg
Trump Policies Will Cut Deficits Up to $11 Trillion, White House Economist Says
President Donald Trump’s economic policies will reduce US fiscal deficits by up to $11 trillion over the coming decade, according to the White House’s chief economist — a projection at variance with ...
Reuters
US First-Quarter Foreign Direct Investment Falls Sharply Amid Tariff Uncertainty
WASHINGTON (Reuters) -Foreign direct investment into the U.S. fell sharply in the first quarter to $52.8 billion from a downwardly revised $79.9 billion in the fourth quarter of 2024, the Commerce ...
Reuters
Gold steadies with market eyeing US economic data
Gold steadied on Wednesday after falling in the previous session on improved risk appetite following a truce between Israel and Iran, while attention shifted to upcoming U.S. economic data. Spot gold ...
Reuters
US existing home sales rise in May; mortgage rates still a constraint
U.S. existing home sales unexpectedly increased in May, but the trend remained weak amid high mortgage rates. Home sales climbed 0.8% last month to a seasonally adjusted annual rate of 4.03 million ...
Newsweek
US Economic Outlook Remains Dark as Major Forecast Sees Sixth Straight Drop
The Conference Board's "Leading Economic Index" fell in May, as the economy continues to slide toward a potential recession.
Newsweek
US economic outlook remains dark as major forecast sees sixth straight drop
The Conference Board's "Leading Economic Index" fell in May, as the economy continues to slide toward a potential recession.
Bloomberg
US State Budget Wounds Intensify From Trump, DOGE Policy Shifts
US states are sounding the alarm over the billions in revenue they stand to lose under the Trump administration’s broadscale government cuts and the impact of his trade policies.
Reuters
US business activity moderates; inflation pressures building up
U.S. business activity slowed marginally in June, though prices increased further amid President Donald Trump's aggressive tariffs on imported goods, suggesting that an acceleration in inflation was ...
Reuters
US migrant halt may wipe potential job growth
If you're wondering why so many U.S. Federal Reserve officials are remaining hawkish despite slowing growth, consider how the dramatic drop in immigration and the graying of America are impacting the ...
Reuters
US attack on Iran adds to economic uncertainty
The U.S. bombing of Iran's nuclear sites injected fresh uncertainty into the outlook for inflation and economic activity at the start of a week chock full of new economic data and central banker ...
Newsweek
Iranians Speak Out About Uncertainty Following US Attacks
Multiple Iranians tell Newsweek they live in fear, cut off from the world and unsure what the President Donald Trump will do next.
CNBC
Iran has a lot of options to hurt Western interests — but all carry a blowback, EIU economist says
Iran has a lot of options to hurt Western interests, but all options carry negative cost for the Iranian regime, says Cailin Birch, global economist at the Economist Intelligence Unit.
MarketWatch
U.S. consumer is going to be squeezed by looming real-income shock, economist says
Consumer spending has been supported in recent years by excess savings. Gains in wealth and federal handouts during the pandemic were responsible for those excess savings but now these factors are ...
Reuters
German industrial lobby group cuts 2025 economic forecast as US tariffs weigh
The German economy is set to contract more than previously expected in 2025 as U.S. tariffs weigh on exports, the BDI industry association said on Monday, forecasting a 0.3% contraction in 2025.
Reuters
US business activity moderates; price pressures building up
U.S. business activity slowed marginally in June, though prices increased further amid President Donald Trump's aggressive tariffs on imported goods, suggesting that an acceleration in inflation was ...