US economy

While You Were Sleeping: 5 stories you might have missed, May 23, 2026

Director of national intelligence Tulsi Gabbard told US President Donald Trump she was stepping away from her role as her husband was suffering from a rare form of bone cancer.

US Fed chair Kevin Warsh says will be ‘reform-oriented’ at glitzy White House swearing-in

US President Donald Trump (right) shaking hands with Mr Kevin Warsh during the swearing-in of Mr Warsh as the new chairman of the Federal Reserve on May 22 at the White House.

America, home of AI, counts its winners, frets about its losers

Rising corporate earnings and “reduced headcount” from AI adoption will not benefit everyone, says the writer.

US Fed minutes show more policymakers open to a rate hike

A majority of Fed policymakers at their April 28-29 meeting felt “some policy firming would likely become appropriate” if inflation stays persistently above the central bank’s 2 per cent target.

A US inflation fear indicator just hit its highest since 2007

The 30-year yield rose as much as seven basis points to 5.20 per cent on May 19, a level last seen on the eve of the 2007 global financial crisis.

Pain at the pump drives up US consumer spending in April

The price of gasoline is shown at a gas station in Encinitas, California, on May 11.

Kevin Warsh confirmed as Fed chair as central bank faces Trump assault

Mr Kevin Warsh being sworn in at his Senate nomination hearing in April 2026.

Senate confirms Kevin Warsh to Fed board; chair vote likely on May 13

Mr Kevin Warsh - US President Donald Trump's nominee to be next chair of the US Federal Reserve - attending his Senate Banking Committee confirmation hearing on April 21.

Inflation in US accelerates after weeks of war in Iran

Higher fuel costs are bleeding into prices for transportation, including airline fares, which rose 2.8 per cent in April, as well as goods that get to market in a truck or on a boat.

Strong US jobs data complicates any Warsh push for lower rates

The US economy added 115,000 jobs in April - exceeding analysts’ forecasts.

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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.