the US economy

The United States and China have reached a trade deal to lower tariffs on roughly $30 billion worth of "non-sensitive goods", following a meeting between President Trump and President Xi this week. The agreement is expected to reduce prices on a range of consumer products, including small appliances, toys and holiday items, and is drawing wide attention as a step toward easing trade tensions between the two economies.

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.

Reuters commentary examines which Asian economies stand to suffer most as the US Federal Reserve continues raising interest rates. The analysis weighs factors such as current account deficits, foreign debt levels and currency vulnerability across the region. Markets and policymakers are watching closely, as Fed tightening tends to pull capital out of emerging Asian economies and weaken their currencies.

Ten-year Treasury yields have climbed to 5.10%, their highest level since July 2007, while 30-year yields reached 5%, levels not seen in roughly two decades. The surge follows a stronger-than-expected US jobs report, which is fueling speculation that the Federal Reserve may raise interest rates again. Investors are weighing what persistent yields at multi-decade highs mean for borrowing costs, equities and the broader economy.

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 Financial Times argues that, for once, the US Federal Reserve has prioritised ordinary American households and small businesses over financial markets. The comment reflects debate over the Fed's policy direction and who its decisions ultimately serve. It is prompting discussion among economists and investors about a possible shift in how the central bank weighs Wall Street against the broader economy.

Donald Trump is touting the strength of the US economy while simultaneously lashing out at news outlets he calls 'fake news', as part of an ongoing feud with the media. His remarks combine claims of economic success with accusations that coverage of his administration is unfairly negative, keeping his clashes with the press in the spotlight.

The Trump administration is preparing to announce weaker fuel economy standards for cars and light trucks, rolling back requirements that vehicles become more efficient. The move would ease rules imposed to cut gasoline consumption and emissions, and is expected to draw opposition from environmental groups and possibly legal challenges from states, while automakers may welcome reduced compliance costs.

Hong Kong Financial Secretary Paul Chan said renewed dialogue between China and the United States will help ease concerns, but he expects competition between the two powers to continue. His remarks reflect cautious optimism among policymakers that talks can stabilise relations, even as underlying economic and strategic rivalry remains unresolved.

US Treasury Secretary Scott Bessent predicted that Iran's economy will have 'nothing' left within two weeks, a stark assessment amid escalating economic pressure on Tehran. The remark, picked up by major outlets including Yahoo News, signals continued American confidence that sanctions and financial isolation are rapidly choking Iran's economy.

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.

Pakistan's Finance Minister held talks with the US Export-Import Bank in Washington covering financing for Boeing aircraft, according to an adviser. The discussions point to efforts to secure funding support for the national carrier's aircraft purchases as Pakistan works to stabilise its economy and restore access to international financing.

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.

Treasury Secretary Scott Bessent said the Federal Reserve should maintain an 'open mind' on interest rates as the US economy accelerates. His comments signal the administration's push for looser monetary policy, putting pressure on the Fed as it weighs whether to continue cutting rates amid stronger-than-expected growth data.

Nomura strategist Wang argues the United States can absorb additional Federal Reserve rate hikes without derailing growth, in remarks carried by Bloomberg. The view suggests resilience in the US economy despite tightening monetary policy, and feeds into ongoing debate about how much further the Fed may raise rates to bring down inflation.

US Treasury Secretary Scott Bessent said Iran's economy will collapse "probably within the next 2 weeks," claiming Tehran will make its final oil deliveries to China and then have "NOTHING." He argued Iran is growing desperate for a nuclear deal as sanctions squeeze its oil exports, framing economic collapse as leverage pushing Tehran toward negotiations with Washington.

Discussion is focusing on the K-shaped US economy, in which higher-income consumers keep spending strongly while lower-income households cut back under pressure from higher prices and borrowing costs. PwC analysis is among the voices examining how this split is shaping retail sales and the broader economic outlook, with commentators asking how long resilient headline spending can mask strain on poorer households.

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.

Indian stock indexes are expected to open little changed on Tuesday as a deadlock between the United States and Iran over its nuclear programme keeps oil prices elevated. Higher crude weighs on India, a major oil importer, putting pressure on import-dependent companies and inflation expectations, while investors stay cautious ahead of further geopolitical developments.

President Trump has approved a rollback of US fuel economy standards, arguing that the looser rules will encourage automakers to expand manufacturing output in the United States. Supporters frame the move as relief for carmakers facing costly compliance requirements, while critics warn it could raise fuel consumption and emissions. The decision is expected to reshape regulatory requirements for vehicles sold in America.

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.

China is considering allowing Alibaba and ByteDance to purchase Nvidia's newest chips, according to a report from Asia Economy. The move would mark a shift in Beijing's stance on access to advanced US semiconductors for its largest tech firms, with implications for US-China trade and the global AI race.

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.

President Trump announced that his administration has eliminated the electric vehicle rule introduced under President Biden and has updated federal fuel economy standards. The announcement reverses a core piece of the previous administration's climate and transportation policy, easing requirements that pushed automakers toward electric vehicle production. Reaction is focused on what the rollback means for US carmakers, consumers and emissions goals.