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The shutdown meant no jobs report

Saturday, 4 October 2025 08:28 WIB | Economy

If it just seems like the first Friday of the month wasn’t the same without being able to pore through the Bureau of Labor Statistics’ hotly watched monthly jobs report, don’t worry. You probably didn’t miss much. While the BLS has gone dark with the shutdown in Washington, other reports outside...

Trump eyes cuts to ’Democrat Agencies’ in government shutdown

Friday, 3 October 2025 10:31 WIB | Economy

U.S. President Donald Trump said he will meet with his budget director Russell Vought on Thursday to determine which "Democrat Agencies" to cut, as he looks to inflict pain on his political opposition in the second day of a government shutdown. "I can’t believe the Radical Left Democrats gave me...

Why US Economic Data Is "Pending"

Friday, 3 October 2025 06:31 WIB | Economy

The bottom line: The release of official US data is delayed because the federal government is currently in shutdown. While the budget hasn't been passed, the Antideficiency Act prohibits federal agencies from spending funds—including on statistical activities—so the publication of non-essential...

Fed's Goolsbee says short government shutdowns are okay

Wednesday, 1 October 2025 12:17 WIB | Economy

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Tuesday that "short" government shutdowns tend to have a limited impact on the broader economy. The statements come at a time when the US government is barreling into a funding gap and subsequent shutdown. Goolsbee also...

Trump warns Democrats of ’irreversible’ actions in government shutdown

Wednesday, 1 October 2025 07:54 WIB | Economy

U.S. President Donald Trump warned congressional Democrats on Tuesday that allowing the federal government to shut down at midnight would allow his administration to take "irreversible" actions including shutting down programs important to them. "We can do things during the shutdown that are...

Trump administration’s shutdown plans trickle in as deadline nears

Tuesday, 30 September 2025 11:23 WIB | Economy

President Donald Trump’s administration started detailing its plans on Monday for which services it will pause if the federal government shuts down this week, with the U.S. health department slated to furlough 41% of its workforce. The impending shutdown will be different than past government...

Trump says US to impose 100% tariff on movies made outside the country

Tuesday, 30 September 2025 06:06 WIB | Economy

President Donald Trump said on Monday he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood’s global business model. The step signals Trump’s willingness to extend protectionist trade policies into...

US core PCE inflation holds steady at 2.9% in August as expected

Saturday, 27 September 2025 02:24 WIB | Economy

Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.7% in August from 2.6% in July, the US Bureau of Economic Analysis reported on Friday. This print came in line with the market expectation. The...

Trump slaps new US tariffs on drugs, trucks and furniture

Saturday, 27 September 2025 01:23 WIB | Economy

U.S. President Donald Trump on Thursday unveiled sweeping new import tariffs, including 100% duties on branded drugs and 25% levies on heavy-duty trucks, set to come into force next week. The latest salvo, which Trump said was to protect the U.S. manufacturing industry and national security,...

US: Initial Jobless Claims dropped to 231K

Friday, 19 September 2025 02:34 WIB | Economy

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 231K for the week ending September 13. The latest print came in short of initial estimates (240K) and was lower than the...

Charlie Kirk Shooting Shakes US, Markets Wary of Impact on USD and Economy

Friday, 12 September 2025 06:00 WIB | Economy

The United States was rocked by another political tragedy after Charlie Kirk, a conservative figure and close supporter of Donald Trump, was shot dead while attending an event at Utah Valley University. This incident immediately sparked national outrage, given that Kirk was known as an influential...

Bessent says US tariff revenue could be well over $500 billion a year

Wednesday, 27 August 2025 10:22 WIB | Economy

U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump’s tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September. Bessent told a White House Cabinet meeting that his prior estimate...

Hot wholesale prices data puts wrinkle in Fed’s rate-cut roadmap

Friday, 15 August 2025 08:51 WIB | Economy

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a risk, intensifying debate over the rationale for an interest rate cut next month and leaving the tension between the U.S. central bank and the White House unresolved. The...

Treasury Secretary Bessent: Fed should look at 50 bps cut in September

Wednesday, 13 August 2025 12:07 WIB | Economy

US Treasury Secretary Scott Bessent gave an interview with Fox Business late Tuesday, touching on various policy topics both at home and abroad. According to Bessent, the US Supreme Court will be swayed on tariff rulings based on how much estimated government revenue they generate, that US...

Tariff revenue makes it hard for Supreme Court to rule against Trump, Bessent says

Wednesday, 13 August 2025 11:41 WIB | Economy

Increasing revenues flowing into U.S. government coffers from tariffs would make it difficult for the Supreme Court to rule against the Trump administration on the issue if a lower court case makes its way to country’s top court, U.S. Treasury Secretary Scott Bessent said on Tuesday. The more...

Trump's Speech Addresses America's Domestic Problems

Tuesday, 12 August 2025 06:13 WIB | Global

US President Donald Trump, in his speech on Monday night (August 11th), expressed his determination to "liberate" Washington, D.C., from crime, violence, and social problems that he said had been neglected for too long. Trump said he would deploy federal troops to restore security and order to the...

Waller is favorite for Fed chair among Trump team, Bloomberg News reports

Friday, 8 August 2025 06:14 WIB | Economy

Federal Reserve Governor Christopher Waller is emerging as a top candidate to be the central bank’s next chair, Bloomberg News reported on Thursday, citing people familiar with the matter. Waller has met with members of President Donald Trump’s team, who are impressed with him, though he has not...

Trump says Canada’s Carney reached out but they haven’t talked ahead of tariff deadline

Friday, 1 August 2025 12:38 WIB | Economy

U.S. President Donald Trump said on Wednesday that Canadian Prime Minister Mark Carney reached out ahead of an August 1 tariff deadline, but no conversations between the two took place. Trump has warned that any country that does not strike a deal with the U.S. before Friday will be subjected to...

US President Trump: Will talk to Mexico over next 90 days to sign a trade deal

Friday, 1 August 2025 06:04 WIB | Economy

After speaking to Mexican President Claudia Sheinbaum on the phone on Thursday, United States (US) President Donald Trump said that Mexico will continue to pay a 25% fentanyl tariff, 25% tariff on cars, and 50% tariff on steel, aluminum, and copper. "Mexico has agreed to immediately terminate its...

United States Initial Jobless Claims

Friday, 25 July 2025 02:38 WIB | Economy

Initial jobless claims in the US fell by 4,000 from the previous week to 217,000 in the third week of July, well under market expectations that they would increase to 227,000. It was the sixth consecutive decline in initial claims to the lowest since April, extending the period of relative...

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