US economy

New York restaurant’s $51 half chicken fuels cost of dining debate

A US$40 rotisserie chicken sold at Mr Hugo Hivernat's French restaurant, Gigi's, is highlighting how dining out has become prohibitively expensive in one of the world’s culinary capitals.

US Fed chair nominee Kevin Warsh says he will not be a ‘puppet’ controlled by Trump

Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque

A wartime economy would be different this time

Defence spending will probably continue to act as an important subsidy for innovations that have broader benefits

In Phoenix, Trump eyes lower petrol prices and frets about the midterms

US President Donald Trump speaks at a Turning Point USA event at Dream City Church in Phoenix on April 17.

Trump brushes off high fuel costs as ‘fake’ in economic speech in Las Vegas

Mr Donald Trump’s remarks came amid a tourism downturn in Las Vegas, which recorded an 11 per cent decline in visitors in 2025.

US Treasury chief Bessent says US growth may exceed 3% or 3.5% this year despite Iran war

Scott Bessent, US Treasury Secretary, at an International Institute of Finance (IIF) event during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington on April 14, 2026.

US Treasury’s Bessent says core inflation is going down, Fed will need to cut rates

US Treasury Secretary Scott Bessent downplayed the impact of the Iran war on core inflation, which he said was under control and dropping in many categories.

Trump’s Fed pick Kevin Warsh discloses vast wealth before confirmation hearing

FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo

Trump says US gas prices may remain high through November midterm election

The average price for regular gas at US service stations has exceeded US$4 per gallon for most of April, as the closure of the Strait of Hormuz has caused oil prices to skyrocket.

US Fed minutes show growing openness to rate hikes at March meeting

The Fed minutes were released on April 8, a day after the US and Iran agreed to a two-week ceasefire.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.