US growth rebound: Washington economy expands at 4.3% annual pace in Q3; inflation pressures persist – The Times of India

US growth rebound: Washington economy expands at 4.3% annual pace in Q3; inflation pressures persist – The Times of India

The US economy grew at a faster-than-expected annual rate of 4.3% in the July–September quarter, driven by stronger consumer spending, exports and government outlays, even as inflation remained above the Federal Reserve’s comfort level, according to official data released on Tuesday, AP reported.Gross domestic product (GDP), which measures the total value of goods and services…

Read More
50% tariffs on India to blowback on Trump? US GDP growth could shrink 40–50 bps, inflation to flare: SBI report – Times of India

50% tariffs on India to blowback on Trump? US GDP growth could shrink 40–50 bps, inflation to flare: SBI report – Times of India

Trump imposed 50% tariffs on India (AI image) NEW DELHI: The recent US decision to impose steep tariffs on Indian goods could boomerang on the American economy by pushing up inflation and shaving growth, according to an analysis by the State Bank of India (SBI). The report, quoted by ANI, estimates that US GDP growth…

Read More