Tag Archives: US Economy

The US Treasury Secretary expects the US economy to slow” to more “stable growth”. A recession is not “at all inevitable” as the Fed takes increasingly aggressive action to address sharply rising inflation, Treasury Secretary Janet Yellen said Sunday.“Clearly, inflation is unacceptably high,” Yellen continued. “It’s President Joe Biden’s top …

Fed Chair Jerome Powell said on Wednesday in his post-Fed meeting press conference that if the Fed doesn’t see progress on inflation, it will react. However, Powell mentioned that soon enough there will be some progress on bringing inflation back down and that he thinks the Fed’s guidance is still …

Retail Sales in the US fell by 0.3% MoM in May, versus expectations for a 0.2% rise and following a 0.7% MoM gain in April (revised down from 0.9%), data released by the US Census Bureau on Wednesday showed. Meanwhile, Core Retail Sales rose by 0.5% MoM, below the expected …

Nothing is more important than the Fed’s decision today, and it is usual these days for the markets to prevail in a calm state before the decision. Still, there were many moves today, so the US retail and export statistics data may contribute to market volatility. The monthly core retail …

Republican Florida Senator Rick Scott on Monday released the latest TV advertisement targeting US President Joe Biden and promoting Scott’s “Rescue America” plan.“Joe Biden has destroyed America’s economy,” Scott says in the ad. “It’s time to be honest with the American people. Joe Biden is unfit for office and should …

The Kremlin said on Thursday that no agreement had been reached with Turkey on the export of Ukrainian grain shipments through the Black Sea. Kremlin spokesman Dmitry Peskov told reporters that work was continuing to reach an agreement. Turkey has been pressing for an agreement between Russia and Ukraine on …

Oil prices rose on Wednesday before the release of data on US oil inventories, as tight supplies and increased demand for fuel supported crude futures contracts, while major Chinese cities eased restrictions imposed to contain the Covid-19 pandemic. Brent crude futures for August rose 22 cents, or 2 percent, to …

At $1,850.06, the gold price is 0.45% higher and trading between a low of $1,837.06 and a high of $1,853.63 on the day so far. The markets are fairly volatile as traders weigh the indecisive outlook for global growth, the latest of which comes from the World Bank.”Global economic growth …

Oil prices stabilized on Tuesday as the market weighed risk appetite, concerns over supply, and the prospect of increased demand as China eases its restrictions on the spread of the coronavirus. Brent crude futures were down 44 cents, or 0.3 percent, at $119.07 a barrel by 1209 GMT. US West …

According to the latest data from the Bureau of Economic Analysis and US Census Bureau, the US Goods and Services Trade deficit shrunk to $87.1B in April. That was a little smaller than the expected decrease to $89.5B from $109.80B in March. The Goods trade deficit was $107.74B in April …