Tag Archives: US Economy

Senator Elizabeth Warren said that she would not support Federal Reserve Chair Jerome Powell for a second term as head of the U.S. central bank.Warren said, Tuesday, that Powell’s record gives her grave concern. Warren’s statement was during a Senate Banking Committee hearing.The Senator argues that Powell acted to make …

The world economy is encountering a significant increase in forces resulting in simultaneous increase in inflation and stagnation of economic output, as surging energy prices boost inflation and, accordingly, slow the recovery from the recession that has been among the major impacts of the pandemic.Crude pushed past $80 for the …

The US two-year bond yield rose to an 18-month high, as expectations of the Federal Reserve continually curtailing its asset purchases. According to Bloomberg, the yield rose 3 basis points on Tuesday to 0.31%, after Monday’s auction saw weak demand. US bond yields have been rising since last week when …

The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …

Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.

The US inflation data was released moments ago, and the markets waited for this data strongly to determine whether the inflation rate is exacerbating or is still under control, and these data are currently used to pressure the US Federal Reserve to announce the start of tightening its monetary policy …

Goldman Sachs said that the impact of Hurricane Ida on oil production was greater than on-demand from refineries, which had a net positive impact on US and global inventory levels. In a note dated September 9, the investment bank described the damage to products in the United States as “unprecedentedly …

The Producer Price Index (PPI) in the US for final demand rose to 8.3% on a yearly basis in August from 7.8% in July, the US Bureau of Labor Statistics announced on Friday. This reading came in higher than the market expectation of 8.2%.

Markets across the United States are closed today in celebration of Labor Day. The long weekend, observed on the first Monday in September, celebrates workers and the labor movement in the U.S. The first Labor Day was celebrated in the U.S. back in 1882 in New York. Nearly two decades …

More investors are leaning towards slowing-growth assets, amid rising inflation rates, according to a weekly investment-monitoring report by the Bank of America, as cited by Reuters on Friday. Technology stocks witnessed the highest inflows since March at $2.5 billion. Meanwhile, high selling was seen on Treasury bonds and other U.S. …