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US GDp News

26 Mar 2024

Gold Falls Rs 100; Silver Slumps Rs 250

In the overseas markets, spot gold at Comex was trading at USD 2,173 per ounce, down by USD 4 from the previous close.

27 Jan 2022

US economy grew 5.7% in 2021 in a rebound from the 2020 recession

The Federal Reserve made clear Wednesday that it plans to raise interest rates multiple times this year. This will help it in battling the hottest inflation in nearly four decades. Those rate increases will make borrowing more expensive and perhaps slow the economy this year.

13 Feb 2019

US public debt at record high above $22 trillion

The amount of the debt as of February 11 was quoted in a daily statement by the department on Tuesday.

US economic growth

28 Sep 2017

US economic growth revised up to 3.1 percent rate in Q2

It is the strongest performance since the economy grew at a 3.2 per cent pace in the first quarter of 2015. The upward revision reflected larger farm stockpiles.

26 May 2017

Gold at highest since May 1 on political uncertainty, dollar

Gold hit its highest in nearly four weeks on Friday as political uncertainty led investors to shun riskier assets in favour of bullion.

23 May 2017

Donald Trump aims to balance budget in decade targets 3% growth

US President Donald Trump is aiming to balance the federal budget in a decade with substantial cuts to safety-net programmes, combined with a tax overhaul to speed up the economy and achieve an ambitious growth rate of three per cent, the White House has said.

28 Feb 2017

US confirms disappointing growth in 2016

The US Commerce Department on Tuesday confirmed a picture of sluggish growth in 2016, with the world`s largest economy growing at its slowest pace in five years.

01 Aug 2016

Asian shares edge up as soft U.S. GDP cuts Fed rate hike bets

Asian shares ticked up slightly on Monday after disappointing U.S. economic growth data reduced expectations of a rate hike by the U.S. Federal Reserve in the next few months.

US Internet economy

10 Dec 2015

Internet economy is 6% of US GDP: Study

The Internet`s economic impact has doubled since 2007 and now fuels at least six percent of the overall US economy, a study showed Thursday.

31 Jul 2015

US economy rebounds at mild pace in Q2

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

01 Jun 2015

Dollar steady in Asia despite weak US GDP data

"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.

30 May 2015

US economy contracts in first-quarter; dollar hurts corporate profits

The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

07 Jan 2015

Obama takes US economic bright spell on the road

Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit.

25 Dec 2014

Dollar gives up US GDP data gains in Asia

The dollar lost more ground in thin Asian trade Thursday, after a rally powered by decade-high US economic growth figures.

US manufacturing activity

04 Nov 2014

US factory activity back at 3-1/2-year high, auto sales rise

US manufacturing activity unexpectedly accelerated in October and automobile sales were strong, easing concerns of a significant moderation in economic growth.

31 Jul 2014

US GDP growth rebounds to 4% in 2nd quarter

Private investment soared 17.0 percent in the second quarter, after shrinking 6.9 percent in the previous period. Investment was strong in both equipment and homes.

Gross domestic product

30 Jul 2014

US economy seen regaining muscle in second quarter

Gross domestic product likely grew at a 3.0 percent annual rate after shrinking at a 2.9 percent pace in the first quarter, according to a Reuters survey of economists.

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