Economy

(Bloomberg) -- The busiest container complex in the US surpassed a record set during the pandemic last quarter as businesses continue to bring goods in ahead of potential tariff increases and sought to avoid hurricane and labor disruptions at alternate ports.Most Read from Bloomberg“The Port of Los Angeles recorded its best September ever,…

By David LawderWASHINGTON (Reuters) -The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for the Social Security retirement program, health care and the military, the Treasury Department said on Friday.The…

(Bloomberg) -- India, already the world’s fastest-growing major economy, is pushing for even more dramatic expansion to become a developed nation, a goal that hinges on expanding access to capital.Most Read from BloombergNothing illustrates that challenge better than the 47 trillion rupee ($559 billion) corporate bond market. It’s one of the…

There has been some criticism of the Indian policy to not join the Regional Comprehensive Economic Partnership (RCEP). Many economists, including several eminent Indian economists, have questioned the decision to not join the RCEP, and have attributed this decision to an overall tendency towards tariff protectionism in India. Such views have…

America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct. 17), based on annual revisions to national accounts and improved employment numbers in August and September. “While the ESR Group still…

By Michael S. DerbyNEW YORK (Reuters) -Rent inflation will continue to put pressure on consumers for some time to come, the Federal Reserve Bank of Cleveland said in a report on Wednesday, in a finding that may point to ongoing challenges for the Fed to get overall inflation back to 2%.“Our baseline forecast implies that rent inflation will…

China’s slowing economic growth is having impacts that extend beyond its borders, with the potential even to reverse roles in some long-standing trade relations, though the government’s stimulus measures could ease concerns, according to analysts.While Beijing is gradually unfurling a stimulus package that began with larger-than-expected…

Australia and New Zealand are neighbours, friends and sporting competitors. But they've had vastly different fortunes in the past few years.Staring at a third recession in just two years, Kiwis are moving across the ditch to Australia in substantial numbers, seeking a sunnier economic climate."The cost of living was just getting out of control,"…

The Australian Unemployment Rate is foreseen stable at 4.2% in September. Employment Change is expected at 25K, focus will be on the details.  AUD/USD is technically bearish, so any data-inspired spike may attract sellers. The Australian Bureau of Statistics (ABS) will release the monthly employment report at 00:30 GMT…

By Gertrude Chavez-Dreyfuss and Alun JohnNEW YORK/LONDON (Reuters) -The U.S. dollar firmed on Wednesday, hitting a new 10-week high, as investors priced out a hefty interest rate cut from the Federal Reserve at the next policy meeting and included a potential election victory by former President Donald Trump.Sterling, meanwhile, tumbled to its…