the US economy

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.

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.

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.

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.

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.

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.

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.

Candidates running for a US Senate seat in Mississippi laid out their positions on a potential war with Iran, tariffs and the economy during a campaign discussion. Their remarks give voters a sense of how each would approach foreign policy and trade if elected, with the Iran question drawing particular attention amid ongoing tensions in the Middle East.