News
US Trade Deficit Widens Less Than Forecast as Tariff Turmoil Persists
15+ hour, 58+ min ago (509+ words) The U.S. trade deficit widened in February but less than analysts expected, government data showed Thursday, a year since President Donald Trump unleashed sweeping tariffs on virtually all trading partners. One year on, turmoil over Trump's tariff agenda looks set to…...
US Fed Expected To Keep Rates Steady as Iran War Impact Looms
2+ week, 2+ day ago (472+ words) The U.S. Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war. The central bank's rate-setting Federal Open Market Committee…...
US Trade Deficit in Goods Widens to New Record in 2025
1+ mon, 1+ week ago (236+ words) The U.S. trade deficit in goods expanded to a new record in 2025, government data showed Thursday, despite sweeping tariffs that President Donald Trump imposed during his first year back in the White House. The U.S. goods deficit stood at $1.24 trillion for all…...
December ISM Report: Manufacturing PMI Falls to 47.9%, Lowest Reading of 2025
2+ mon, 4+ week ago (351+ words) The ISM (Institute for Supply Management) Manufacturing PMI fell 0.3 points to 47.9% in December. This marks the lowest Manufacturing PMI of 2025 and the 10th consecutive month of contraction for the industry. "Of the five subindexes that directly factor into the Manufacturing PMI,…...
US Factory Output Beats Expectations on Manufacturing Uptick
1+ mon, 1+ week ago (287+ words) U.S. industrial production rose more than analysts expected in January, the Federal Reserve said Wednesday, with manufacturing output seeing its biggest gain in nearly a year. Overall, industrial output rose by 0.7% month-on-month, accelerating from a 0.2% increase in December, the Fed said....
US Trade Gap Shrinks to Smallest Since 2009 as Imports Fall
2+ mon, 3+ week ago (405+ words) The U.S. trade deficit made a sharp and unexpected pullback in October, reaching its lowest level since 2009 as goods imports dropped while President Donald Trump's tariffs took hold, government data showed Thursday. The overall trade gap plunged 39% to $29.4 billion in October,…...
US Trade Returns to Wider Deficit in November as Imports Rise
2+ mon, 4+ day ago (419+ words) The U.S. trade deficit sharply widened in November as imports picked up, according to government data released Thursday, reversing an unexpectedly big pullback in the prior month lauded by President Donald Trump. The trade gap surged by 94.6% in November to $56.8 billion,…...
US Inflation Accelerated to 2.8% Annually in September: Data
3+ mon, 4+ week ago (249+ words) U.S. inflation accelerated in September to 2.8% on an annual basis, further above the Federal Reserve's 2% target, according to data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred data point for measuring inflation, rose from 2.7% in August. The…...
US Government Cancels October Inflation Report After Shutdown
4+ mon, 1+ week ago (273+ words) The U.S. government said Friday that it will not publish a consumer inflation report covering the month of October, as a record-long shutdown hampered its data collection. This intensifies the fog surrounding the Federal Reserve ahead of its upcoming interest rate…...
US Government To Skip October Jobs Report Due to Shutdown
4+ mon, 1+ week ago (230+ words) The U.S. government said Wednesday that it would cancel the full release of a report on October's employment situation, skipping a key indicator that the central bank considers in adjusting interest rates. This is because some survey data -- which was not…...