The headline strength in GDP came as imports plunged at 30.3% annual rate, after Q1's 37.9% spike ahead of Trump tariffs.

The President claims that reducing the federal funds rate to 1 per cent would save the US $1 trillion on interest costs to help service the national debt – a concept known as fiscal dominance. However ...

The Federal Reserve kept short-term interest rates at a level of 4.25 percent to 4.5 percent on Wednesday, but the vote saw ...

In a post on his Truth Social network, Trump hailed the 3 per cent growth figure as “WAY BETTER THAN EXPECTED!” and called on Fed chair Jay Powell to reduce interest rates. Treasury yields and the US ...

Hassett welcomed Wednesday's second quarter GDP report finding that the economy expanded by 3% during the second three months of the year.

U.S. stock indexes are drifting as Wall Street waits to hear from the Federal Reserve later in the afternoon about what it ...

Wall Street ticked quietly higher ahead of the opening bell as markets absorbed another spate of corporate earnings reports ...

The Federal Reserve is expected to hold its key interest rate steady after its two-day meeting wraps up on July 30.

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts ...

Investors are preparing for a crucial day of US economic data, with second-quarter GDP figures set to be followed by the Federal Reserve’s interest rate decision. The GDP figures are due out at 8.30am ...