Us Economy News - Latest Updates & Headlines
Indian stock market set for data-driven outcomes this week
Mumbai, April 14: The current week is poised to be a crucial one for global markets, including the Indian benchmark indices, as inflation, industrial activity and employment data line up across the world’s largest economies, a report said on Monday.
People were getting 'yippy,' says Trump on tariff pause
Washington, April 10: US President Donald Trump announced that he has paused the implementation of most of his "reciprocal" tariffs because some people were getting "yippy" and "a little bit afraid."
Elon Musk unsuccesfully appealed to Trump to roll back tariffs, says US newspaper
Washington DC, April 8: Billionaire entrepreneur Elon Musk, who heads the US Department of Government Efficiency (DOGE), had appealed to American President Donald Trump to reconsider the retaliatory import tariffs, the Washington Post reported, citing sources.
JPMorgan CEO Jamie Dimon sounds alarm over Trump's tariff policy
New York, April 8: JPMorgan CEO Jamie Dimon has issued a stark warning about the risks posed by US President Donald Trump's tariff strategy, cautioning that the escalating trade measures could fuel inflation, slow global growth, and damage America's strategic standing, CNN reported.
Don't be weak, don't be stupid, don't be a PANICAN...: Trump to people minutes before US markets opened
Washington DC, April 7: With stock markets globally taking a plunge due to his tariff decisions and the US stocks also feeling the impact, US President Donald Trump on Monday urged people not to be "weak, stupid" and said they should be "courageous and patient" and the result "will be greatness".
Tariffs raise recession risk, Fed's ability to lower rates in US: Fitch
New Delhi, April 6: Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve's ability to lower interest rates further, Fitch Ratings said in a note.
J.P. Morgan predicts U.S. recession by year end amid tariffs; Jefferies sees limited impact on Indian exports
New Delhi, April 5: J.P. Morgan has predicted that the United States economy will likely fall into a recession this year, largely due to the impact of new tariffs announced by President Donald Trump.
Reciprocal tariffs: Global economists warn of impending US recession
New Delhi, April 5: Global brokerages and economists have warned an impending US recession after factoring in the impact of reciprocal tariffs announced by the Donald Trump administration.
Trump says US economy and markets will boom following reciprocal tariff
Washington DC, April 4: After announcing reciprocal tariffs across the globe, US President Donald Trump emphasised that the US economy and stock market would see growth.
Trump's tariff to slow down global export growth from 2.9% in 2024 to 1.3% in 2025-26: HSBC
New Delhi, April 3: The imposition of reciprocal tariffs by the US President Donald Trump is set to slow down global trade significantly, according to a report by HSBC Research.
UAE commits USD 1.4 trillion to US investments over next decade
Abu Dhabi, March 21: United Arab Emirates (UAE) pledged to invest a staggering USD 1.4 trillion in the United States over the next decade, marking one of the largest foreign investment commitments in US history.
Stock market opens higher as Fed holds rates steady
Mumbai, March 20: The Indian stock market opened on a strong note on Thursday, following the US Federal Reserve's decision to keep interest rates unchanged.
US consumer sentiment slumps for third month in a row amid tariff chaos
Washington, March 15: US consumer sentiment in March fell for the third month in a row as concerns about the economy intensified amid tariff chaos, according to a report.
GDP Growth of US economy to slow down gradually to 1.6% by 2027 from 2.8% now: S&P Global
Washington, DC, March 12: The GDP growth of the US economy is expected to slow down gradually over the next three years, according to a report by S&P Global Market Intelligence.
Whatever they tax us, we tax them: Trump to India, EU, China
Washington, March 5: US President Donald Trump, in his first address to a joint session of Congress, said the reciprocal tariffs would take effect on April 2, reinforcing his administration's stance on trade policy and criticising European Union, China, Brazil, India, and South Korea for high tariffs.
America will go bankrupt...: Elon Musk criticises high trade deficit, expenditure of tax money
Washington, DC, February 19: Tesla CEO and DOGE Head, Elon Musk, criticised the current state of US spending, saying that an average citizen in the country "should be mad as hell" over the expenditure of the tax money.
US: Donald Trump posts about 'reciprocal tariffs' on Truth Social
Washington DC, February 13: US President Donald Trump said on Thursday that a news conference on reciprocal tariffs will be made later today.
Trump doubles down on tariff needs, cites trade deficits with Canada, Mexico, China;
Washington DC, February 2: US President Donald Trump on Sunday criticised the trade deficits that the US has with Canada, Mexico, China, and argued that America should no longer "subsidise" other countries, and urged businesses to manufacture domestically to avoid tariffs.
Gold reaches all-time high of USD 2,859/oz, surging 40% in a year
New Delhi, January 31: Gold prices soared to a new all-time high of USD 2,859 per ounce (28.34 gm), marking a sharp increase of 37 per cent over the past year.
Federal Reserve keeps interest rates unchanged in unanimous decision
New Delhi, January 30: The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.
FOMC to keep rates unchanged, June and December 2025 may see a 25bps cut each: Report
New Delhi, January 29: The Federal Open Market Committee (FOMC) of the US Federal Reserve is expected to keep interest rates unchanged in its policy announcement on Wednesday night (IST), according to a report by ICICI Bank.
Trump 2.0 threatens tariffs by no action yet, markets see it as gradualist approach: UBI Report
New Delhi, January 29: US President Donald Trump's approach in the second term on tariff announcements has been perceived by markets as a more gradualist approach compared to his earlier aggressive campaign rhetoric, as per a report by Union Bank of India.
Trump tariff may cause higher consumer prices, slower economic growth in US: Deutsche Bank report
New Delhi, January 27: If US President Donald Trump goes ahead with implementing the new tariffs, such as a universal 10 per cent baseline tariff and a 60 per cent duty on imports from China, this will not only hamper the global economy but also could significantly impact the US economy, according to a report by Deutsche Bank.
Trump 2.0 shifts towards balanced trade policies from aggressive tariffs: Report
New Delhi, January 25: As Donald Trump begins his second term as the President of the United States, his administration appears poised to take a more balanced approach to trade policies, according to a report by YES Securities.
Foreign investors continue selling in Indian stocks, equities worth Rs 19,759 crore sold this week: NSDL Data
Mumbai, January 25: Foreign Portfolio Investors (FPIs) have been consistently selling their holdings in the Indian stock markets.
'If you don't make your product in America, you'll have to pay tariff': Donald Trump at WEF
Davos, January 24: US President Donald Trump, called on companies globally to manufacture their products in the United States, while also issuing a stern warning to those doing otherwise that they will have to pay tariffs worth 'billions and trillions' of dollars.
US: President Trump reaffirms support for H-1B visas, calls for skilled immigrants to boost economy
Washington DC, January 22: US President Donald Trump reaffirmed his stance to support the H-1B visa program, which allows employers in the US to hire nonimmigrant workers for speciality occupations, stating that the country needs "competent" and "great" individuals to come to the US and that this can be achieved through the H-1B visa program.
Indian IT sector set for revival in 2025 as macro-economic environment gets better
New Delhi, Jan 6: For the Indian IT sector, the macro-economic environment is far better placed than it has been in the last two years which should drive a revival in 2025, according to a report on Monday.
Tariffs will pay off our debt, US President-Elect reinstates stance on tariffs
Washington DC, January 3: US President-Elect Donald Trump on Friday said that tariffs alone can fix the US economy and help pay off their debt.
US stock markets lead globally in returns in 2024, India behind most global counterparts: Report
New Delhi, January 2: The year 2024 proved to be a robust one for global financial markets, with the US leading the way in delivering stellar returns, according to a report by Axis Securities.