Trump tariffs impact Archives

US applications for jobless benefits inch up for the first time in 7 weeks, but layoffs remain low

Topnewsplus1 month ago04 mins

WASHINGTON: The number of Americans filing for jobless benefits inched up modestly last week as business continue to retain staff despite economic uncertainty around U.S. trade policy. The Labor Department reported Thursday that jobless claims for the week ending July 26 ticked up by 1,000 to 218,000, less than the 225,000 new applications analysts forecast….

Fed holds rates as U.S. stagflation fears rise; will Indian stock markets feel the heat?

Topnewsplus2 months ago03 mins

The US Federal Reserve has kept its benchmark policy rate unchanged at 4.25–4.50 per cent, flagging continued uncertainty from President Donald Trump’s tariff-led trade policies. The Fed maintained its “wait-and-watch” stance, warning that inflation could rise and growth may soften as the impact of tariffs filters into the economy. The central bank now forecasts GDP…