Federal Reserve

Explained: Why a recession is likely to hit the US

From increased inflation to US banks going bust and weakened demand for diesel, several factors have intensified fears of a recession in the United States. Experts say a recession remains ‘likely’ this year and that the Federal Reserve is in a tight spot

WATCH: US Fed chair Jerome Powell pranked by Russians posing as Zelenskyy

In one of the viral videos, Fed chair Jerome Powell could be heard praising Russia's central bank chief Elvira Nabiullina for managing the country's economy amid Western sanctions

The US economy expects a recession soon: How will we know when it begins?

The US economy grew at a 1.1 per cent annual rate last quarter, signalling that one of the most-anticipated recessions in recent US history has yet to arrive. Many economists expect it to hit as soon as the current April-June quarter

How the failure of Silicon Valley Bank might have affected the entire financial system

Research suggests that a run-on deposits at Silicon Valley Bank and Signature Bank could have set off a cascading series of bank failures, crippling small businesses and economic activity across wide parts of the country

US hiring slows in March as world's largest economy shows signs of cooling as authorities battle inflation

The labour market data is highly followed for its possible influence on the Federal Reserve's policy choices, but analysts predict the most recent results will not be enough to cause the central bank to suspend its interest rate rises

America adds nearly 236,000 jobs in March as unemployment rate dips to 3.5%

So far, the economy has proved resilient in the face of ever-higher borrowing costs. America’s gross domestic product — the economy’s total output of goods and services — expanded at a healthy pace in second half of 2022. Yet recent data suggests that the economy is losing momentum

US lawmakers slam regulators for Silicon Valley Bank oversight failures

The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about their inability to prevent the collapse of the Californian lender on 10 March

How China has replaced the US in bailing out middle-income countries

According to new data, China is providing ever more emergency loans to countries, including Turkey, Argentina, and Sri Lanka. In many ways, China has replaced the United States in bailing out indebted low- and middle-income countries

US mulls more support for banks while giving First Republic time

US banks have sought record amounts of emergency liquidity from the Federal Reserve in the past month after the failures of Silicon Valley Bank and Signature Bank

Dollar eases as traders weigh Federal Reserve's rate path, yen rises

The Fed on Wednesday raised interest rates by 25 basis points, as expected, but took a cautious stance on the outlook because of banking sector turmoil even as Fed Chair Jerome Powell kept the door open on further rate increases if necessary