insert_link Business / Economics US inflation hits 3% for first time since June US President Donald Trump is pressing on with his protectionist agenda, readying reciprocal tariffs on various products from multiple nations, despite fresh inflation data showing prices are still rising in the United States. CPI increased 3% last month compared to a year ago — that's higher than economists predicted, as Benji Hyer reports. todayFebruary 13, 2025 16
insert_link World Trump acknowledges tariffs may bring “pain” to Americans US President Donald Trump has defended his decision to impose sweeping tariffs on the United States' top three trading partners, even as he acknowledged there may be "some pain" for Americans. Posting on his Truth Social platform he hit back at criticism arguing the action was warranted against China, Canada and Mexico. Kate Fisher reports from Washington. todayFebruary 3, 2025 21
insert_link Business / Economics US Fed cuts interest rate for third time in 2024 The US Federal Reserve has reduced interest rates by another quarter of a percent, its third consecutive cut of 2024. However, the central bank has signaled just two cuts in the coming year. Nick Harper reports from Washington. todayDecember 19, 2024 16
insert_link Business / Economics Inflation-cutting stalls in US as prices rise Progress on cutting inflation in the US has stalled as prices rise, according to the latest data from the US government's key metric for tracking inflation levels. The Consumer Price Index shows the monthly inflation rate and annual inflation rate each rose by 0.1 percentage points from their October levels. Kate Fisher reports todayDecember 12, 2024 21
insert_link World US Fed chair won’t resign if Trump demands US Federal Reserve Chairman Jerome Powell has said he will not resign if asked to by incoming President Donald Trump. He was speaking after the Fed dropped interest rates by another quarter of a percentage point. As Nick Harper reports from Washington. todayNovember 8, 2024 28
insert_link Business / Economics US jobs growth slower than expected last month US job growth was slower than expected in October, as hurricanes and striking workers held down employment. The US job market is in the spotlight with just days to go until election day - where the economy has been at the centre of candidates' campaigns. Sally Patterson reports. todayNovember 4, 2024 26
insert_link World Harris gains in post-debate US national polls, but will her gains be sustained? By Adrian Beaumont, The University of Melbourne The United States presidential election will be held on November 5. In analyst Nate Silver’s aggregate of national polls, Democrat Kamala Harris leads Republican Donald Trump by 48.9–46.0. In my previous US politics article on September 9, Harris led Trump by 48.7–46.2. Joe Biden’s final position before his withdrawal as Democratic candidate on July 21 was a national poll deficit […] todaySeptember 18, 2024 17
insert_link Business / Economics US consumer inflation falls ahead of Fed interest rate decision By Daniel AVIS Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […] todayJune 12, 2024 26
insert_link Business / Economics 17 April 2024 Morning Biz News: Exploring the Latest in Business News As the global economic landscape continues to evolve, let's delve into the latest developments shaping the world of business and finance. Galp Energia Unveils Extensive Exploration Campaign Galp Energia, a key player in the energy sector, has set forth ambitious plans for a comprehensive exploration campaign spanning three years within Petroleum Exploration Licence 83. This initiative entails the drilling of 10 exploration and appraisal wells, coupled with extensive flow testing. […] todayApril 17, 2024 5