US economy

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US inflation rate slows but remains close to 40-year high
Consumer price index reveals costs rising by a monthly rate of 0.3% in April, down from 1.2% in March, the first fall since August 2021

Dominic Rushe in New York

11, May, 2022 @4:52 PM

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Rishi Sunak can fight recession risks with a cost of living support package | Larry Elliott
Pressure for summer mini-budget will increase as economic effects of Russia-Ukraine war take hold

Larry Elliott

08, May, 2022 @10:35 AM

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US employers kept up strong hiring pace in April as jobless rate held steady
Employers added 428,000 jobs with unemployment rate at 3.6%, close to its pre-pandemic low

Dominic Rushe

06, May, 2022 @1:15 PM

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US stocks see worst day this year as Fed rate hike rattles investors
Dow falls 3.1% a day after the Fed chair announces biggest hike in two decades to combat inflation

Dominic Rushe

05, May, 2022 @8:03 PM

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Federal Reserve announces biggest interest rate hike since 2000
Benchmark interest rate raised 0.5 percentage points, with more rises expected

Dominic Rushe

04, May, 2022 @7:30 PM

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‘I can’t see it getting any better’: could the UK be heading for a recession?
Small business owners are already being hit as consumers cut back on non-essentials

Richard Partington and Larry Elliott

03, May, 2022 @5:01 AM

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‘What am I going to do?’: soaring prices fuel calls for US government to step in
Large corporations are passing on higher-than-needed price increases to customers under the cover of inflation, war and supply chain squeezes, experts say

Tom Perkins in Detroit

30, Apr, 2022 @6:00 AM

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US economy saw ‘unexpectedly severe’ drop in first three months of year
US economy contracted by -0.4% in first quarter, its weakest quarter since the early days of the pandemic

Dominic Rushe

28, Apr, 2022 @1:38 PM

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US hedge fund billionaire sells Netflix stake at huge loss
Bill Ackman’s Pershing Square fund dumps 7% stake for $400m loss after streaming service’s value plunges

Kalyeena Makortoff

21, Apr, 2022 @8:14 AM

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Biden commits $800m in new Ukraine aid after call with Zelenskiy – as it happened
Pentagon says military equipment includes helicopters and armored personnel carriers

Richard Luscombe

13, Apr, 2022 @8:44 PM

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Biden arrives in Iowa to unveil plan to reduce gas prices amid soaring inflation – as it happened
President seeks lower gas prices with waiver for summer E15 sales

Richard Luscombe

12, Apr, 2022 @8:07 PM

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US inflation climbed to 8.5% in March, highest rate since 1981
War in Ukraine drives up energy costs as figures strengthen expectations Federal Reserve will raise interest rates next month

Dominic Rushe

12, Apr, 2022 @2:47 PM

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