Personal consumption was the strongest component of the GDP data, with spending increasing at an annualised rate of 11.8%, compared to 11.4% in the first quarter. Photograph: iStock

US economic growth rose slightly in the second quarter to 6.5 per cent on an annualised basis, a weaker-than-expected increase as strong consumption w(...)

A closed shop in New York.

A senior Federal Reserve official has warned that the rebound in the world’s largest economy is in danger of stalling as a result of the recent spike (...)

Traders at the New York Stock Exchange shortly after the Federal Reserve Bank announcment on interest rates. Photograph: Reuters

The US Federal Reserve kept interest rates unchanged on Wednesday and in a direct reference to its next policy meeting put a December rate hike firmly(...)