Iran’s economy is expected to shrink by six percent this year and inflation could reach 40 percent, the International Monetary Fund (IMF) forecasts, as the country copes with the impact of tighter U.S. sanctions.
The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday.
The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason.
U.S. employers brought 196,000 new employees on board in March as the labor market rebounded from a February lull.
Nearly 200,000 jobs were added to the U.S. economy last month — a figure that greatly surpassed expectations.
The U.S. government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before, a senior Trump administration official told reporters on Monday.
The federal government spent $1,822,712,000,000 in the first five months of fiscal 2019, the most it has spent in the first five months of any fiscal year since 2009, which was the fiscal year that outgoing President George W. Bush signed a $700-billion law to bailout the banking industry and incoming President Barack Obama signed a $787-billion law to stimulate an economy then in recession.
President Vladimir Putin has kicked off the full-scale development of one of Russia’s largest proven gas fields in the Yamal peninsula, the Kremlin reported on Wednesday.
Federal Reserve Chairman Jerome Powell said Wednesday that reducing the federal debt needs to return to the forefront of the agenda, warning that the government’s finances are unsustainable.
The Federal Open Market Committee (FOMC) concluded its meeting at 2 PM ET today and announced that the Federal Reserve would not raise fed fund rates. The revised dot plot—which records individual committee members’ projections for where interest rates will be at year-end—indicated that the Fed will pause any further rate hikes until 2020.
U.S. retail sales unexpectedly rose in January, lifted by an increase in purchases of building materials and discretionary spending, but receipts in December were much weaker than initially thought.
China’s exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy and stirring talk of a ‘trade recession’, despite a spate of support measures.
Britain will probably have to delay its departure from the European Union if MPs reject the government’s proposed divorce deal in a vote next week, Finance Minister Philip Hammond said on Thursday.
The UN Security Council has rejected rival resolutions on the crisis in Venezuela presented by the United States and Russia.
Israel is set to sign a free-trade agreement with the Russia-led Eurasian Economic Union in the near future, according to officials in Moscow and Jerusalem.
The Labor Department’s Bureau of Labor Statistics said the economy added 304,000 jobs last month, higher than analysts were expecting.
The U.S. economy was expected to lose $3 billion from the partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday as 800,000 federal employees returned to work after 35 days without pay.
The United Nations and Qatar signed a memorandum of understanding Sunday night for a one-time grant of $20 million for humanitarian projects in Gaza, which the world body has in the past described as mired in a state of ‘constant humanitarian crisis.’
The government shutdown — the longest in U.S. history — is estimated in 31 days to have cost the American economy almost as much as the $5.7 billion President Trump has demanded for his proposed southern border wall.
The Labor Department’s Bureau of Labor Statistics said on Friday the economy added an impressivve 312,000 jobs in December, which was a month of strong retail sales; and the nation’s unemployment rate increased two-tenths of a point to 3.9 percent, which is still an 18-year low.