The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.
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Tuesday 14 May 2013
Bloomberg apologised after the financial news agency let its reporters access clients' information
Thursday 02 May 2013
Signs that the US economy remains weak, along with evidence that the budgetary impasse in Washington is restraining growth, have convinced policymakers who gathered for the latest meeting of the US Federal Reserve to stick with the extraordinary stimulus measures put in place to support the recovery.
Friday 26 April 2013
The American economy expanded at a rate of 2.5 per cent in the first three months of the year, according to new figures released today, performing far better than at the end of 2012 but missing expectations as falling government spending proved a drag on growth.
Thursday 18 April 2013
Outlook We humans have a biological need for narrative explanations, for meaning. We instinctively dislike the idea that things just happen. We want to know why they happen. It makes us feel better. Take the gold price crash.
Wednesday 17 April 2013
Gold recovers after sell-off
Friday 12 April 2013
JP Morgan Chase, America’s largest bank by assets, surpassed expectations with its quarterly profits today, booking a 33 per cent rise as chief executive Jamie Dimon spoke of “positive signs” that the world’s largest economy is “healthy and getting stronger.”
Saturday 06 April 2013
Worries that spending cuts and higher taxes are hitting employment prospects
Friday 29 March 2013
The S&P 500 index reached a record closing high last night, climbing beyond the 1,565 level struck in October 2007, a year before the collapse of the Lehman Brothers.
Wednesday 27 March 2013
There were fresh signs of improving trends in the American housing market yesterday, with residential real estate prices over the 12 months to January growing at their fastest pace since summer 2006.
Thursday 21 March 2013
Investors were reassured after America's central bank signalled yesterday that it would continue to support the world's largest economy by buying billions of dollars worth of bonds every month.
Friday 08 March 2013
The United States added 236,000 jobs last month, far exceeding expectations, as the unemployment rate in the world's largest economy improved to a four-year low.
Wednesday 06 March 2013
Perhaps America's politicians should commit economic self-harm more often. Everyone feared that the $85bn in automatic spending cuts implemented by Congress this month after members failed to agree on a budget deal would hammer investor confidence. But the news has instead merely bounced off the flanks of bullish financial markets, as the Dow Jones Industrial Average confirmed yesterday when the venerable index of 30 large companies breached 14,198 for the first time in its history.
Tuesday 05 March 2013
World markets continued to shrug off economic worries today as London's FTSE 100 Index closed at its highest level since January 2008.
Thursday 21 February 2013
The pound was struggling to hold back another sell-off today after signs of cold feet from the US Federal Reserve over its money-printing programme sent traders scurrying into the dollar.
Wednesday 20 February 2013
America's central bankers remained divided last month over how long they should continue with their policy of supporting the economy with billions of dollars in monthly bond purchases, with "many officials" growing nervous about the dangers of further expanding the Federal Reserve's balance sheet.
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