Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold “for a time” while the central bank assesses how much of a brake the current level of borrowing costs is putting on the economy, with soaring stock prices one reason to think it may not be much. In remarks…
US services sector activity picked up in October amid a solid increase in new orders, but subdued employment pointed to lacklustre labour market conditions against the backdrop of economic uncertainty stemming from tariffs on imports. The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 52.4 last month from 50 in September….
In an insightful conversation with ET Now, Gautam Trivedi from Nepean Capital painted a balanced picture of both the American and Indian economies — one marked by surprising resilience in the US and temporary caution towards India. “The US economy is clearly not in slowdown mode right now,” Trivedi affirmed, underscoring the strength of American…
Tariffs are at their highest rates in decades. Hundreds of thousands of federal workers are going without paychecks. Artificial intelligence is threatening to reshape the American workforce. The effect all of that is having on the US economy at the moment is impossible to know. The United States is nearly five weeks into a government…
The dollar firmed to a near three-month high on Monday as investors awaited the release of data this week to gauge the health of the U.S. economy and determine whether it could alter the Federal Reserve’s hawkish stance. The yen languished near an 8-1/2-month low, pressured by wide interest rate differentials between the U.S. and…
Warren Buffett’s Berkshire Hathaway continues to flash a warning sign to global markets with its portfolio moves. In its latest quarterly results, the legendary investor’s conglomerate revealed that it sold far more stocks than it bought for a 12th consecutive quarter, letting its cash pile swell to a record $381.7 billion. The move reinforces Berkshire’s…