WASHINGTON (June 2): U.S. job growth likely slowed in May, with wages coming off the boil, potentially allowing the Federal Reserve to skip an interest rate hike this month for the first time since embarking on its aggressive policy tightening campaign more than a year ago.

Nevertheless...

Slower US job, wage gains expected in May

WASHINGTON (June 1): The US Senate is on track to pass a bill to lift the government's US$31.4 trillion debt ceiling late on Thursday, Democratic Majority Leader Chuck Schumer announced, adding, "We are avoiding default tonight".

US Senate set to pass debt limit suspension bill on Thursday night

Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report.

Governor Philip Jefferson, a centrist who’s nominated to be vice chair and who often echoes Chair Jerome Powell’s views, said Wednesday that skipping an increase would give policymakers time to assess data but not preclude future tightening

Fed signal for rate pause takes pressure off hot jobs report

The number of Americans filing new claims for unemployment benefits increased modestly last week, suggesting the labour market remains tight despite growing fears of a recession amid higher borrowing costs.

US weekly jobless claims rise modestly; layoffs increase in May

US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc.

Planned layoffs have quadrupled so far this year in the US

Large US companies have been on a bond issuance binge but this rapid pace in supply may be hard to sustain ahead of expected volatility related to extending the US debt ceiling and another possible move higher in interest rates.

US corporate debt binge could be hard to sustain

WASHINGTON (May 31): A divided US House of Representatives passed a bill to suspend the US$31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default.

US debt ceiling bill passes House with broad bipartisan support

Vacancies at US employers unexpectedly surged in April to the highest in three months, giving the Federal Reserve more reason to consider hiking interest rates again soon.

The number of available positions increased to 10.1 million from an upwardly revised 9.75 million in March, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Wednesday. The figure beat all estimates in a Bloomberg survey of economists, which called for 9.4 million openings.

US job openings surge to 10.1 million, upping odds for Fed hike

Whether they favour debt-limit brinkmanship or not, most Americans are alarmed by the level of US government borrowing. Treasury Secretary Janet Yellen isn’t one of them.

Why Yellen doesn’t lose sleep over US borrowing that alarms most Americans

US mortgage rates surged to the highest level since early November last week when debt-ceiling talks were still at an impasse, stifling demand for home purchases and refinancings.

US mortgage rates hit near seven-month high during debt impasse

The debt-limit deal would rein in spending on some federal government services but barely dents the roughly US$20 trillion (RM92.34 trillion) in combined budget deficits projected over the next decade.

The agreement between President Joe Biden and House Speaker Kevin McCarthy reached on Saturday (May 27) won’t dramatically shift the nation’s finances because it mostly takes a slice — out of a slice — of the budget known as discretionary spending.

Biden-McCarthy debt limit deal puts government services on a diet

Top congressional Republican Kevin McCarthy on Tuesday (May 30) urged members of his party to support a bipartisan deal to lift the US$31.4 trillion (RM144.97 trillion) US debt ceiling, and a key party hardliner said he would likely support the measure in a critical procedural vote.

Top US Republican McCarthy urges support for debt ceiling deal ahead of key vote

US consumer confidence slipped in May as concerns about the economic outlook lingered, but more households planned to purchase motor vehicles and other big-ticket items over the next six months, which could support consumer spending.

US consumer confidence dipped in May, survey finds

A bipartisan deal to raise the US$31.4 trillion (RM144.8 trillion) US debt ceiling faces its first test in Congress on Tuesday (May 30), setting up what could be a nail-biting week of voting before the US runs out of money to pay its bills.

US debt ceiling deal to face its first test in Congress

Debt holders of Brazilian retailer Americanas to rebuff recovery plan

US imposes sanctions on companies tied to Sudan forces as fighting rages

PwC contracts frozen by US$191b Australian pension fund

Malaysia’s economic growth to moderate to 4.5% in 2023, says IMF

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South Korean inflation cools to 19-month low

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SC adds one potential clone to Investor Alert List

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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