Tag Archives: US Economy

U. S. Treasury Secretary Janet Yellen warned U. S. lawmakers that the federal government may run out of cash by 18 October, unless the US Congress suspends debt limits. Some politicians speculated that one potential way out is to mint a $1 trillion platinum coin and then deposit it with …

Working gas in storage was 3,288 Bcf as of Friday, October 1, 2021, according to EIA estimates. This represents a net increase of 118 Bcf from the previous week. Stocks were 532 Bcf less than last year at this time and 176 Bcf below the five year average of 3,464 …

4.2 million Americans still receive benefits. New jobless claims have fallen for the first time in nearly one month, according to new data released Thursday, offering some break to the U. S. economy after previous worrisome data.About 326,000 people filed initial jobless claims in the week ending on 2 October …

A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …

After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …

Treasuries fell on Tuesday as investors focus on the assessment of the state of the U. S. economy before important payroll report Friday.Rising yields have increased market-implied inflation expectations. Breakeven inflation rate for 10-year TIPS approaches 2.5%. The U.S. Treasury yields climbed Tuesday as rising energy prices stoked inflation fears. …

The IBD/TIPP Economic Optimism Index, a pioneering national poll on consumer confidence, declined for the fourth consecutive month. The October index fell another 3.6% after September’s 9.5% drop, moving from 48.5 last month to 46.8 this month, and remained in the negative territory for the second successive month.For the IBD/TIPP …

The business activity in the US service sector continued to expand in September albeit at a softer pace than it did in August with IHS Markit’s Services PMI retreating to 54.9 (final) from 55.1 in August. Nevertheless, this reading came in higher than the advanced estimate and the market expectation …

The goods and services deficit of the US expanded by $2.9 billion to $73.3 billion in August from $70.3 billion in July, the US Census Bureau reported on Tuesday. This reading came in worse than analysts’ estimate for a deficit of $70.5 billion.

Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …