At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
The region -- which stretches from our Pacific coastline to the Indian Ocean -- generates nearly 60 per cent of global gross domestic product. Its commerce supports more than 3 million American jobs. Much of the world's advanced manufacturing, which helps power the US economy, happens in its
In India, a key emerging market economy, analysts are pointing out that loosening monetary policy through interest rate cuts in the US amid weak growth projections could drive in investment inflows into India.
The main focus of the US economy has shifted to the 2024 presidential election, as central banks are cutting rates and politicians are spending more, creating optimism for the election year.
With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this y
The CPI for May showed an annualized increase of 3.3 per cent, a modest deceleration from April's 3.4 per cent, falling short of economists' expectations that it would remain steady.
The US grew at an annual rate of 1.6 percent in the first quarter of 2024, according to the advance estimate released by the country's Bureau of Economic Analysis.
According to a report, this marks the 39th consecutive month of job growth, with the unemployment rate dropping to 3.8 percent from 3.9 percent in February.
According to a JP Morgan report, despite experiencing robust GDP growth of nearly 5 per cent in the third quarter, projections suggest a slowdown with expected growth rates of 1-2 per cent in the fourth quarter and 0-1 per cent in the first half of 2024.
The US economy added 150,000 jobs in October, reflecting a labor market that has cooled over the past year, the Washington Post reported. October payroll data though included the added temporary weight of the United Auto Workers strikes against three auto manufacturers.
According to a JP Morgan report, the US economy has displayed resilience, but the risk of recession remains. The third quarter showed signs of optimism with easing inflation and robust economic growth.