US economy

Pain at the pump drives up US consumer spending in April

The price of gasoline is shown at a gas station in Encinitas, California, on May 11.

Kevin Warsh confirmed as Fed chair as central bank faces Trump assault

Mr Kevin Warsh being sworn in at his Senate nomination hearing in April 2026.

Senate confirms Kevin Warsh to Fed board; chair vote likely on May 13

Mr Kevin Warsh - US President Donald Trump's nominee to be next chair of the US Federal Reserve - attending his Senate Banking Committee confirmation hearing on April 21.

Inflation in US accelerates after weeks of war in Iran

Higher fuel costs are bleeding into prices for transportation, including airline fares, which rose 2.8 per cent in April, as well as goods that get to market in a truck or on a boat.

Strong US jobs data complicates any Warsh push for lower rates

The US economy added 115,000 jobs in April - exceeding analysts’ forecasts.

S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism

A trader working on the New York Stock Exchange floor after the opening bell on May 8.

US ‘suffocating’ Iran with blockade: Treasury chief

US Secretary of Treasury Scott Bessent said the US was “suffocating” Iran’s leadership through an “economic blockade”.

US becomes oil supplier of last resort as Hormuz disruptions escalate

Record American exports come with warnings that this supply cushion is being pushed to its limits, raising doubts about how long such shipment levels can last.

Trump rallies seniors in Florida as Republicans face tough elections

n his speech, US President Donald Trump appeared to recognise his need to appeal to voters on economic issues.

US Fed holds interest rates steady amid sharp divide over policy easing bias

In a shift from previous language, the Fed noted rising concerns about inflation, due in part to the recent rise in energy prices.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.