Tag Archives: US Economy

Board members of the United States Federal Reserve are moving closer to a decision on tapering the massive asset purchases, currently at $120 billion a month, which were introduced to support economic recovery from the coronavirus pandemic. The Federal Open Market Committee (FOMC) July meeting minutes showed that most members …

The United States Treasury Secretary, Janet Yellen, remains the strongest defender of the current economic policies by the Biden administration, even among cabinet members. Given her credibility as former Chair of the Federal Reserve, and the first female to hold this post, she is repeatedly voicing her support for the …

Industrial Production in the United States expanded by 0.9% on a monthly basis in July, the data published by the US Federal Reserve revealed on Tuesday. This print followed June’s increase of 0.2% (revised from 0.4%) and came in better than the market expectation of 0.4%.

Retail Sales in the US declined by 1.1% on a monthly basis in July to $617.7 billion. This reading followed June’s expansion of 0.67% (revised from 0.6%) and came in worse than the market expectation for a decrease of 0.2%. Consumers make up nearly 70% of all activity in the …

The US Centers for Disease Control and Prevention (CDC) said that the United States had given more than 356 million doses of Corona vaccines in the country as of Sunday morning, August 15, and distributed more than 415 million doses. The CDC said about 198 million people had received at …

U.S. home prices increased during the second quarter of the year, amid higher demand and a limited supply of available homes. Data by the National Association of Realtors showed on Thursday that the median sales price for single-family existing homes increased in 94% of metropolitan areas across the United States …

The total value of global merger and acquisition (M&A) so far this year, has already exceeded that of last year, amounting to $3.6 trillion year-to-date, according to recent data by Refinitiv. A large chunk of this volume took place in the United States, where $2.14 trillion worth of M&A deals …

The Producer Price Index (PPI) in the US for final demand rose to 7.8% on a yearly basis in July from 7.3% in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading came in higher than the market expectation of 7.3%. On a …

Oil prices closed higher on Wednesday, rebounding from early losses that followed news about pressuring OPEC to raise production and the release of the weekly inventory data in the United States. The U.S. is asking the Organization of the Petroleum Exporting Countries (OPEC) to increase production, claiming that the global …

The United States federal budget deficit declined to about $2.5 trillion during the first ten months of the current fiscal year, compared with $2.8 trillion in the comparable period of last year, data showed on Wednesday. The U.S. Department of the Treasury reported that the deficit increased to $302 billion …