US economy

[WASHINGTON] The number of Americans filing claims for unemployment benefits increased slightly last week, while layoffs dropped to a two-year low in July, consistent with a stable labour market.

She said there are “good reasons” to believe that supply-driven shocks that have hit the US economy will not have a lasting impact on inflation

US inflation in June versus the same month a year before stood at 3.7%

Education and health services sector accounted for the bulk of the job gains

The ISM’s non-manufacturing PMI inched up to 54.1 last month from 54.0 in June

The employment cost index increased 3.4% in the 12 months ended in June

[WASHINGTON] The US economy grew at a weaker-than-expected pace in the second quarter despite a pickup in consumer spending and solid business investment.  

Economists expect the Fed to raise interest rates as soon as September to quell inflation

The odds of a hike in September are now 50-50, according to some analysts