US economy

The United States and China have reached a trade agreement to lower tariffs on roughly $30 billion worth of so-called non-sensitive goods, following a meeting this week between President Trump and President Xi. The deal is expected to reduce prices on a range of consumer products, including small appliances, toys and holiday items. Coverage is focused on what this means for consumer prices and the broader trade relationship between the two countries.

The US Federal Reserve has decided to keep interest rates unchanged even as inflation reaches its highest level in three years. The decision means borrowing costs will stay where they are for now, with policymakers weighing stubborn price pressures against signs of strain in the economy. Markets and economists are watching closely for signals on when, or whether, the central bank might move rates again.

The US Federal Reserve has raised interest rates for the first time in several years, a shift in monetary policy that affects borrowing costs across the economy. Coverage is focused on what the move means for everyday finances, including credit card bills, mortgage rates, savings returns and loan payments.

The US Federal Reserve has raised interest rates for the first time since 2023, according to ABC News. A rate hike would mark a reversal from the easing cycle of recent years and would affect borrowing costs for mortgages, credit cards and businesses across the American economy. Markets and households will be watching for signals on whether further increases are planned.

President Donald Trump has announced he is rolling back fuel economy standards for cars introduced under the Biden administration. The rules, which required automakers to improve vehicle efficiency, had been a target of the administration's broader effort to undo former President Joe Biden's climate and environmental policies.

Bloomberg reports that the bond market is edging closer to signalling alarm about the state of the economy, with moves in US government debt prices suggesting investors are increasingly worried about the outlook. The item has drawn attention among market watchers tracking whether bond traders are pricing in a slowdown ahead of official data.

The United States and China have reached a major trade framework that reportedly cuts the US trade deficit with China in half. The announcement marks a significant step in easing tensions between the world's two largest economies. The exact terms of the agreement and how the deficit reduction will be achieved have not yet been detailed, and reactions from businesses and lawmakers are still coming in.

The United States is set to finalize vehicle fuel economy standards that are significantly lower than previously planned, according to a Reuters report. The rollback would allow automakers to sell less fuel-efficient vehicles than earlier rules required, easing regulatory pressure on the industry while drawing criticism from environmental groups concerned about rising emissions and fuel costs for consumers.

The United States and China have reached an agreement to reduce tariffs on $30 billion worth of goods, following a summit in Washington between President Donald Trump and Chinese leader Xi Jinping. The deal marks a step toward easing trade tensions between the world's two largest economies, though details of which products will be affected have not yet been fully outlined.

The Trump administration is preparing to roll back vehicle fuel economy standards put in place under former President Biden. The move would loosen emissions and mileage requirements for automakers, reversing one of Biden's key climate policies. It is being widely reported by major US outlets including Bloomberg and the Los Angeles Times, with implications for car manufacturers and US climate commitments.

The US economy continues to show strong momentum, but rising government debt servicing costs are drawing attention as a growing strain. Commentators are weighing robust growth against the mounting price of financing federal deficits, a tension likely to feature in debates over interest rates, fiscal policy and the sustainability of US public finances.

US Treasury yields have crossed a key threshold, with the 10-year trading around 5.18% and the 30-year near 5%. Commentators highlight the ripple effects beyond Wall Street, noting pressure on emerging markets such as India through capital outflows and higher borrowing costs.

The UK Chancellor is facing difficult budget decisions as war-related pressure involving Iran strains the economy. Separately, a US Treasury official identified as Burke has issued an ultimatum to more than 50 countries across the Middle East and Europe, demanding they cut trade relationships with Iran or risk severed ties with the United States.

Pakistan's finance minister held talks with the US Export-Import Bank that covered financing for Boeing aircraft, according to an adviser. The discussions point to Islamabad seeking American export credit support for aircraft purchases as it works to secure external funding and stabilize its economy.

President Trump announced that his administration has scrapped an electric vehicle rule introduced under Joe Biden and has updated federal fuel economy standards. The move reverses one of Biden's signature climate policies, which had pushed automakers toward greater EV production. The change is likely to reignite debate over emissions rules and their impact on the US auto industry and consumers.

Britain's Chancellor is reported to be weighing budget decisions as the US-Iran war puts pressure on the UK economy. The item also notes that the UN General Assembly ended with mixed diplomatic outcomes on efforts to end the conflict. Attention is focused on how war-related economic strain will shape upcoming UK fiscal policy.

Donald Trump is expected to meet Xi Jinping at the Apec forum in China this November, and analysts argue the Chinese leader will arrive in a stronger position than at their previous encounters. Beijing has spent the period since consolidating its economy, expanding trade partnerships and positioning itself as a defender of globalisation, while Washington's tariffs and erratic diplomacy have unsettled allies. The meeting is being watched for signals on the future of US-China trade talks.

The Federal Reserve has raised interest rates again, a move being read as an acknowledgment that inflation is proving stubborn and the US economy is growing faster than expected. Commentators say policymakers are adjusting to a new environment in which price pressures persist despite earlier tightening, forcing the central bank to keep rates higher for longer than markets had anticipated.

Analysts say the $32 trillion US Treasury market may be entering a new phase in which interest rates around 5% become the norm, as yields on instruments such as the five-year note move higher. The shift would mark a break from the near-zero rate years and reshape expectations for borrowing costs, equities and the broader economy.

Discussion is focusing on a K-shaped US economy, in which higher-income households continue to increase spending while lower-income consumers pull back under pressure from prices and borrowing costs. Analysts, including PwC, are examining what this split means for retailers and the broader economic outlook, as aggregate consumer spending figures mask widening differences between income groups.

President Trump announced he has approved new fuel economy standards that roll back Biden-era rules pushing electric vehicle adoption. The move reverses emissions and efficiency requirements that had pressed automakers toward EV production. It is likely to reignite debate over US auto industry policy, with manufacturers and environmental groups closely watching the regulatory shift.

A new commentary argues that China and the United States need more than episodic diplomacy, calling instead for a durable institutional architecture to manage their relationship. The piece reflects ongoing debate about how the world's two largest economies can stabilise ties amid persistent tensions over trade, technology and security.

President Donald Trump said oil prices will 'come plummeting down' as he promoted the strength of the US economy. The remarks were picked up across news outlets covering his economic messaging, with attention focused on whether falling energy costs will materialise and what they would mean for inflation and consumers.

Japan's national debt stands at roughly twice the size of its economy, the highest ratio among developed nations, but economists writing in Fortune argue the United States' debt load of around $40 trillion is the more worrying case. They point to America's faster-growing deficits and political gridlock over spending, contrasting it with Japan's domestic, stable creditor base.

The Trump administration is moving to lower federal fuel economy standards for cars and light trucks, rolling back efficiency requirements that had been set to tighten over the coming years. Automakers and environmental groups are expected to clash over the change: manufacturers may welcome reduced compliance costs, while critics warn it will raise gasoline consumption and emissions. The move marks a significant shift in US vehicle policy.

The United States is set to finalize vehicle fuel economy standards that are sharply lower than previously planned, according to Reuters. The rollback would ease efficiency requirements for automakers, reversing stricter targets and easing pressure on manufacturers of gasoline-powered vehicles while drawing criticism from climate and environmental advocates.

US Treasury Secretary Scott Bessent has welcomed what he describes as a global crackdown on Iranian banks and airlines, signalling intensified international sanctions enforcement against Tehran's financial and aviation sectors. The comments point to coordinated action by allied governments targeting entities linked to Iran's economy, though details of specific measures or which countries took part were not given.

CNN reports on the House and Senate districts where Republicans are going on the attack ahead of the US midterm elections, rather than simply defending their current seats. The piece highlights the districts and states the party considers winnable, part of a broader campaign push as both parties compete for control of Congress and voters weigh the economy and other key issues.