US Economy

Biden says he thinks US economy will avoid potential recession

'It's been coming for 11 months, well guess what? I don’t think it is going to come'

US inflation slows in May, giving room for Fed to pause rate hikes

At 4%, year-over-year inflation is now at its lowest level since March 2021.

US Economy

Fed will keep rates high thanks to inflation fueled by corporate greed, investors say

One of the worst bouts of inflation in decades has spurred a search for explanations.

US Economy

US's debt-ceiling crisis is over but the debt crisis remains

Maybe the most surprising aspect of the debt-ceiling increase is that it passed Congress easily, says Yglesias.
Looking beyond mixed signals, US labor market remains strong - THE EDGE SINGAPORE

US Economy

Looking beyond mixed signals, US labour market remains strong

Besides the 339,000 jump in payrolls, other recent data showed elevated job openings and a moderate number of unemployment claims.

US debt-limit deal sets up tough battle for passage in Congress

A time-consuming, last-minute revision or a failure on the House floor risks a market dive.

Key takeaways from deal Biden, GOP sealed to avert US default

The agreement came just days before the Treasury is projected to run out of cash on June 5.
In defence of industrial policy - THE EDGE SINGAPORE

US Economy

In defence of industrial policy

Free-market purists may bristle, but in the real world government interventions shape market outcomes.

Global Economy

Two Fed officials say more interest-rate raises may be needed to cool prices

"I think we’re going to have to grind higher with the policy rate"
US inflation shows signs of moderating, giving Fed room to pause - THE EDGE SINGAPORE

US Economy

US inflation shows signs of moderating, giving Fed room to pause

The Fed will need to see more than one month of data to be confident that price pressures are on a sustained downward path
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