US producer prices increase as expected in August
US producer prices increased in line with expectations in August amid a rebound in the cost of energy products. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.1% gain in July, the Labor Department’s Bureau of Labor Statistics said on Thursday. (The Edge Malaysia)
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Canada set to hit at Trump tariffs, risking wider trade war
Canada is poised to impose tariffs of 15% to 50% on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. (Bloomberg)
Fed rate decision still hangs on inflation after jobs report
A surprise jump in US hiring last month has bolstered the case for the Federal Reserve (Fed) to raise interest rates when they meet later this month, but a hike is still not guaranteed. (The Edge Malaysia)
US trade gap widens to largest since early 2025 on AI push
The US trade deficit widened sharply in July to the largest since early 2025, reflecting a surge in imports of computers and other technological equipment. The gap in goods and services trade grew 24.4% from the prior month to USD88.6 billion (RM358.4 billion), Commerce Department data showed Thursday. (The Edge Malaysia)
US: US private payroll growth slows in August; factory orders rebound in July
US private payrolls increased less than expected in August as strength in the education and health services sector was offset by job losses in manufacturing and a few other industries. (Reuters)
US: US job openings edge higher in July in sign of stable labour demand
US job openings edged higher in July, suggesting demand for workers remains broadly stable at a subdued level. Available positions rose to 7.27 million from a downwardly revised 7.18 million in June, according to Bureau of Labor Statistics data out on Tuesday. (The Edge Malaysia)
US: Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated
Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent about his economic outlook. (Yahoo News)