US Economy

US Economy

Fed decision leaves forex market set for dollar short squeeze

The lack of a killer dovish catalyst from the latest Federal Reserve meeting triggered a near-term rally in the dollar as sizable short positions in the under-pressure currency were unwound.

US Economy

Fed sees rates near zero through 2023 to boost jobs, inflation

Federal Reserve officials held interest rates near zero and signalled they would stay there for at least three years, vowing to delay tightening until the US gets back to maximum employment and 2%

US Economy

Partisan squabbling in US senate puts economic stimulus into jeopardy

Odds of another round of fiscal stimulus for the U.S.

US Economy

Fed's new policy shift to have no major impact, say economists: Reuters poll

The US Federal Reserve’s latest policy shift will not have any significant impact on the economy, according to a majority of economists in a Reuters poll who do not expect the central bank to meet

US Economy

Fed chairman Powell warns of long recovery despite employment uptick

US employment figures showed better than expected results in August, but the Federal Reserve remains cautious about the future economic situation.

US Economy

New York’s attorney general sues Trump organisation, Eric Trump

New York’s attorney general brought a sealed lawsuit against President Donald Trump’s company, his son Eric and his personal attorney seeking to enforce an investigatory subpoena.

What does the weaker US dollar mean for the Asia Pacific region?

US Economy

What does the weaker US dollar mean for the Asia Pacific region?

The US dollar has been on the decline since the onset of the Covid-19 pandemic, partly due to an expected slowdown in the US economy’s growth.

US Economy

It's official: The US economy entered into a recession in February

(June 9): The US economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbi

US Economy

Fed officials worry about lasting economic scars from Covid-19, but Warren Buffet remains confident of the 'American Magic'

(May 4): American business tycoon and philanthropist Warren Buffet says he is optimistic that the ailing US economy can make a comeback from the throes caused by the coronavirus pandemic.

US Economy

US Fed keeps rates unchanged and pledges to maintain it till economy improves

SINGAPORE (Apr 30): The US Federal Reserve has voted to keep interest rates unchanged in its policy meeting on Apr 29.

Be informed of the stories that matter