EconomyUS
Inflation Cools in June as Gas Prices Fall, Easing Fed
US inflation fell to 3.5% in June as gas prices dropped 9.7%, the largest CPI decline in four years. Core inflation eased, reducing pressure on the Fed.
—5 min read
Tag
#Us Economy
19 articles
EconomyPolitics
Trump's Foreign Investment Boom Hits Economic Headwinds
Trump promised a foreign investment boom driven by tariff threats. Now a strong dollar, high rates, and global uncertainty push capital away.
—4 min read
Economy
US Trade Deficit Widens Sharply in May on Record Imports
The US trade deficit jumped 42.2% to $77.6 billion in May as goods imports hit a record $317 billion, driven by AI semiconductors and crude oil.
—5 min read
EconomyFinance
Warsh: Inflation Risks Have Declined in Recent Weeks
Fed Chair Kevin Warsh says inflation risks have declined, citing falling energy prices after the US-Iran deal. He also addressed AI and Fed independence.
—5 min read
EconomyInternational Trade
South Korea Platform Law Could Cost US States $525B
South Korea's proposed platform law could cost US states $525B over a decade, with California facing $123B in losses, model estimates.
—4 min read
International AffairsEconomy
Who Profits from the Iran War? America's War Business
A Xinhua analysis examines how America's military-industrial complex profits from the Iran conflict while taxpayers and consumers bear the costs.
—6 min read
International Business & Finance
Alan Greenspan, Architect of Monetary Policy, Dies at 100
Alan Greenspan, former Federal Reserve chairman who served under four presidents and guided US monetary policy for 18 years, has died at 100.
—6 min read
ObituariesEconomy
Alan Greenspan, Former Federal Reserve Chairman, Dies at 100
Alan Greenspan, who served as Federal Reserve chairman from 1987 to 2006 and shaped U.S. monetary policy through boom and crisis, has died at 100.
—5 min read
EconomyHousing
Income for Median-Priced Home Nearly Doubles Since 2020
Harvard report: Income needed for a median-priced US home nearly doubled to $120,000 since 2020 as prices outpace wages.
—4 min read
Business & Economy
Fed Holds Rates Steady in Warsh's First Meeting as Chair
The Fed held rates at 3.5%-3.75% in Kevin Warsh's first meeting as chair. The hawkish dot plot signals potential rate hikes amid 4.2% inflation.
—6 min read
Business & Economy
U.S. Exports Rose 2.6% in April on Strait Closure Oil Demand
U.S. exports rose 2.6% in April to $327.1B, driven by record oil exports as the Strait of Hormuz closure boosted demand for American crude.
—5 min read
International ConflictEconomy
Iran and Israel Pull Back as US Economy Strains Under War
Iran and Israel de-escalate after exchanging direct strikes, while Trump defends his war record and US consumers feel the economic pinch.
—5 min read
Middle East ConflictEconomy
Iran War Reshapes Economy as Conflict Spreads to Beirut
Oil spikes, US consumers cut spending, Israel bombs Beirut, and Trump claims a nuclear pledge as the Iran war enters its fourth month with no end in sight.
—6 min read
EconomyMiddle East Conflict
Iran War Reshapes US Consumer Spending as Oil Prices Surge
The Iran conflict drives oil above $100, forcing US consumers to cut spending and shift habits. OPEC+ boosts production as demand destruction fears grow.
—6 min read
EconomyPolitics
US Jobless Claims Hit Highest Level Since Iran War Began
US jobless claims rose to 225,000, the highest since the Iran war began in February, signaling growing economic strain from the conflict.
—4 min read
Economy
Inflation Hits 3.8%, Consumer Sentiment at Record Low
US inflation hits 3.8% in April, highest in three years, as consumer sentiment plunges to a record low amid the Iran war-driven energy crisis.
—7 min read
EconomyUnited States
US Jobless Claims Rise to 215,000; Layoffs Low Amid Iran War
Weekly US jobless claims rose to 215,000, but layoffs remain historically low despite economic uncertainty from the Iran war and rising oil prices.
—5 min read
EconomyHousing
Homes Not Moving: Five US Cities Hit by Steep Price Cuts
Phoenix, Tampa, San Antonio, Denver, and Portland lead US markets in home price cuts as high rates and inflation cool buyer demand.
—4 min read
EconomyPolitics
Kevin Warsh Takes Charge of Fed Amid Rising Inflation Threat
Kevin Warsh was sworn in as Fed chair on May 22, inheriting an economy with 3.8% inflation, a divided FOMC, and pressure from Trump to cut rates.
—5 min read