Tag Archives: US Economy

Central banks in different countries can usefully share analysis and may adopt similar policies in response to common global shocks, but explicit coordination would likely do more harm than good, Federal Reserve Vice Chair Richard Clarida said on Friday.The Fed official signaled skepticism toward adopting coordinated interest-rate policies among major …

Federal Reserve Board of Governors member Christopher Waller said on Friday that the rapid improvement seen in the labour market and high inflation makes him favour faster taper and sooner rate increase. Inflationary pressures are becoming more extensive, and will last longer into 2022 than expected. Waller added that the …

New weekly jobless claims are slightly higher than expected but still representing a new pandemic-era low, with the weekly rate of those rendered newly out of work coming closer to pre-coronavirus levels. The Labor Department released its jobless claims report Thursday. The main figures from the report refer to initial …

The Conference Board Leading Economic Index® (LEI) for the U.S. increased by 0.9 percent in October to 118.3 (2016 = 100), following a 0.1 percent increase in September and a 0.7 percent increase in August. “The U.S. LEI rose sharply in October suggesting the current economic expansion will continue into 2022 and may …

President Joe Biden, Wednesday is planning to tour a General Motors plant in Detroit, Wednesday, as he continues to sell the benefits of the recently signed $1 trillion infrastructure law. Biden is expected to highlight $7.5 billion in the new law automobile technology.Biden on Wednesday will visit a General Motors …

US President Joe Biden said on Tuesday that he had a good meeting with Chinese President Xi Jinping. Biden said that he and Xi have a lot to follow up on and that their aides would be working together on a range of issues. Biden added that he made clear …

San Francisco Fed President Mary Daly called for the Federal Reserve to be patient regarding interest rate hikes despite high inflation.In a speech before the Commonwealth Club of California, Daly said that patience is the boldest and best action and that it would be better to wait for more clarity …

The US National Association of Home Builders said, Tuesday, that builder confidence in the new home sales market increased in November for the third successive month despite several challenges builders are encountering in the construction market as the NAHB/Wells Fargo Housing Market Index rose 3 points from its October level …

One of US President Joe Biden’s toughest challenges is maneuvering America’s relationship with its biggest economic enemy; namely China. when Biden holds a virtual summit with Chinese counterpart Xi Jinping later on Monday, issues such as tariffs, supply chain bottlenecks, subsidies, Chinese property sector debt crisis and the global energy …

US Retail Sales rose by 1.7% MoM in October, according to data published by the US Census Bureau showed on Tuesday. That was above market expectations for a MoM rise of 1.2% and above the (upwardly revised from 0.7%) 0.8% MoM gain seen in September. Core sales also rose by …