The U.S. economy is on track for another solid quarter after the fastest growth since 2014, with upbeat consumers in the driver’s seat and factories providing support even amid trade headwinds. Data released Friday showed shoppers took only a slight breather in August after a bigger spending spree at retailers and restaurants in July than […]

Week Ending 14th September 2018 U.S. stocks posted a late rally to close mostly higher for a fifth consecutive day, led by gains in the financial and energy sectors. The dollar strengthened after U.S. 10-year note yields briefly climbed past 3 percent. The S&P 500 and Dow finished just in the green after slumping midday, […]

Annual wage growth hit a nine-year high in the US last month as the economy created more jobs than expected. Average hourly earnings rose by 0.4% in August, pushing the annual rate of increase to 2.9% – the fastest pace since June 2009. Hiring in the construction sector and in professional services helped the economy […]

India’s economy has seen its fastest quarterly growth in two years, even as its rupee currency continues to fall. Gross domestic product expanded by 8.2% in the three months to June, compared with a 5.5% rise in the same quarter last year, reinforcing India as one of the fastest growing economies. In the January-March period […]

The “consensus view” at the US Federal Reserve is that gradual interest rate rises remain the best policy, the head of the US central bank has said. Federal Reserve chair Jerome “Jay” Powell made the remarks at an annual economic conference in Wyoming. He said the difficulties of interpreting data suggest the wisdom of a […]

Japan’s economy rebounded in the second quarter, returning to growth despite growing global trade tensions. The economy expanded by a faster-than-expected annualised pace of 1.9%, supported by private consumption. The growth came after Japan’s economy shrank in the first quarter of 2018 for the first time in two years. The release of the data comes […]

The US economy added fewer jobs than expected in July after a surge of hiring in the previous months. Employers added 157,000 jobs in July – 33,000 fewer than expected and well below the 248,000 created in June. Economists had forecast that the number of jobs created would be close to 190,000 for the month. […]

The Bank of England has raised the interest rate for only the second time in a decade. The rate has risen by a quarter of a percentage point, from 0.5% to 0.75% – the highest level since March 2009. While the decision means that the 3.5 million people with variable or tracker mortgages will pay […]

The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1%, official figures show. The gains were driven by strong consumer spending and a surge in exports as firms rushed to beat new trade tariffs. US President Donald Trump described the acceleration as […]

Government borrowing in the April-to-June period fell to its lowest level since 2007, official figures show. Borrowing for the financial year so far has reached £16.8bn, £5.4bn less than in the same period in 2017, the Office for National Statistics said. June’s borrowing figure fell to £5.4bn, which was down from £6.2bn a year ago […]