US economy

US economy

File photo of US President Donald Trump pointing on 15 June 2025. Photo: Kevin Lamarque/Reuters

5 states sue over Trump freezing $10 billion in childcare, family assistance funds

The lawsuit alleges the agency lacked a legitimate justification for the funding freeze, failed to provide evidence to support its fraud concerns and infringed on Congress’s power over spending as...

Combination picture of Joe Biden and US President Donald Trump, November 4, 2020. Photo: REUTERS/Kevin Lamarque/Carlos Barria

Trump faces same reality as Biden: Americans despise higher prices

US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, DC, on April 2, 2025. Photo: Carlos Barria | Reuters

Tariffs, TACOs, and dollars: global markets in a year of Trump 2.0

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath participates in a seminar during the 2025 annual IMF/World Bank Spring Meetings in Washington, DC, US, April 25, 2025. Photo: REUTERS/Elizabeth Frantz/File Photo

World 'dangerously dependent' on US stock market, former IMF economist Gita Gopinath warns

US President Donald Trump speaks during a swearing-in ceremony of Special Envoy Steve Witkoff in the Oval Office at the White House in Washington, DC, US, May 6, 2025. REUTERS/Kent Nishimura/File Photo

Moody's downgrade intensifies investor worry about US fiscal path

Donald Trump at the West Palm Beach Convention Center in Florida, early on Nov. 6. Photo: Jim Watson/AFP/Getty Images

Trump to reshape US economy with tariffs, crackdown on migrants

Dr. Jared Bernstein testifies on his nomination to be Chairman of the Council of Economic Advisers during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, U.S., April 18, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo

White House's Bernstein upbeat on economy despite Mideast war, shutdown threat

Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

US Fed likely to hold rates again despite strong economic growth

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation in Washington, U.S., January 26, 2022. REUTERS/Joshua Roberts/File Photo

US Fed likely to pause rate hikes and raise growth forecast

A US dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration

Fitch cuts US credit rating to AA+; Treasury calls it 'arbitrary'

Customers visit Macy's flagship store in New York City, New York, US, May 20, 2021. REUTERS/Eduardo Munoz

US economic growth accelerates in second quarter; inflation retreats

US should look South, not far East, on trade pacts

US should look South, not far East, on trade pacts

Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

Fed expected to skip June interest rate hike but leave door open to later increase