Tag Archives: biden

Oil prices rose on Friday, set for a sixth straight week of gains as geopolitical tensions continued to fuel supply concerns. Brent crude futures rose 63 cents, or 0.7 percent, to $89.97 a barrel by 1013 GMT, after reaching $91.04 on Thursday, the highest level since October 2014. West Texas …

After several bad months of economic reports showing high inflation, President Joe Biden received some welcome economic news at the White House Thursday.According to the Bureau of Economic Analysis, the economy grew at a faster-than-expected rate of 6.9% to close out 2021. This data represents the fourth quarter of 2021, …

Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …

Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …

Jerome Powell’s predecessors Ben Bernanke, Alan Greenspan, and Paul Volcker were first appointed by a president from one party, then reappointed by a president from the other, similarly Powell himself was first nominated to the Fed’s board of governors by President Barak Obama, he was elevated to Federal Open Market …

Demand for the US dollar eased on Wednesday, with the American currency edging lower against most major rivals. Losses were limited across the major currencies, with gold outstanding amid rallying beyond $1,840 an ounce, its highest since last November.US Treasury yields inched higher at the beginning of the day to …

US stocks rallied, although indexes gave up gains unevenly ahead of the close, while government bond yields ticked lower, sending the American dollar in a selling spiral, exacerbated by the breakout of technical levels.The EUR/USD pair trades at its highest in two months at around 1.1450, while GBP/USD jumped to …

US President Biden on Wednesday has insisted that his administration is “making progress” on inflation, despite data showing it continued to grow last month for an annual jump of 7 percent, the highest increase since 1982.The White House highlighted falling fuel costs in December and lower overall monthly increase of …

The new year’s first week closed with a usual jobs report signaling solid annual wage growth of 4.7% but a disappointing figure of new jobs. Employment rose by just 199,000 in December, far less than expected. The economy created a record-breaking 6.4 million jobs in 2021, but that was after …

US President Joe Biden could announce remaining Federal Reserve Board of Governor Nominees as soon as this week.Michigan State University economist Lisa Cook, former Fed research economist Philip Jefferson, and former Fed Governor Sarah Bloom Raskin are the leading candidates as the Biden administration seeks to diversify the Board of …