News

US wholesale inventories revised slightly lower in March
U.S. wholesale inventories increased slightly less than initially estimated in March amid decreases in the stocks of ...
The US economy just shrank for the first time in 3 years as businesses braced for tariffs
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's ...
Tame March PCE inflation no salve after downbeat Q1 US GDP report
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly ...
S&P cuts US growth forecast to 1.5% in 2025, rules out chances of recession
S&P Global Ratings has revised down the US GDP growth forecast for 2025 to 1.5% and 2026 to 1.7%, citing uncertainties from ...
S&P warns of 2025 slowdown, inflation jump as US tariffs ripple through global economy
S&P Global has downgraded GDP forecasts across most regions and raised its US inflation outlook, citing growing downside ...
White House trade adviser downplays Wednesday's news of GDP being down 0.3%
U.S. economic gross domestic product declined for the first three months of 2025 as imports surged amid Trump administration ...
A hotter-than-expected jobs report shows US employment is holding strong as tariffs swirl
The US added 177,000 jobs in April, while the unemployment rate held at 4.2%.
Bessent says US data not showing recession, expects Q1 data to be revised upwards
WASHINGTON: U.S. Treasury Scott Bessent on Tuesday said there was nothing in U.S. economic data which showed that the ...
City A.M.11d
US economy shrunk by 0.3 per cent in first quarter
Total imports into the US – a key metric for calculating GDP as it is subtracted from the ... previously forecast growth of 0.4 per cent, but revised it down “mainly due to March data showing ...