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US revises up last quarter's GDP growth rate to 2.9%
Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said...
Asian stocks turn volatile amid US slowdown fears
Global stock markets were mixed Tuesday after a bond sell-off on Wall Street fuelled anxiety about a possible US economic slowdown and Australia...
Biden unveils Indo-Pacific trade deal, warns over inflation
Terms the IPEF pact will help them collectively prepare economies for the future following disruptions caused by the coronavirus pandemic and the...
US Fed to start tapering asset purchases
The US Federal Reserve has announced that it will start tapering its asset purchases later this month amid great concerns over elevated inflation...
US economy grows at annualized 2.0% in Q3 amid Delta surge
Washington, Oct 29 The US economy grew at an annual rate of 2.0 per cent in the third quarter amid the Delta variant-fuelled Covid-19 surge, after...
US economy grows at annualised 6.5% in Q2
The US economy grew at a lower-than-anticipated annual rate of 6.5 per cent in the second quarter, marking the return to an above pre-pandemic level...
Key US inflation measure posts biggest increase since 1992
Washington, June 26 A key US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year increase in May since 1992,...
US economy grew at 6.4% in 2021 Q1
Washington, June 25 The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department reported. Upward...