Tag Archives: US Economy

Import prices in the United States increased by 1.2% during March, signaling another rise in inflation rates, data by the U.S. Department of Labor showed on Wednesday. This marker the fifth consecutive monthly rise in import prices, which increased by 6.9% on an annual basis, recording its biggest increase since …

Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…

The United States registered a record public deficit at $660 billion last month, data by the U.S. Department of the Treasury showed on Monday. In March, the deficit recorded a new record high on the monthly level after revenues reaching $268 billion and expenditure at $927 billion and both reaching …

Inflation expectations by consumers in the United States rose last month, with more optimism about the labor market, as shown by a recent survey by the Federal Reserve Bank of New York. The New York Fed’s report showed on Monday that consumers’ short and medium-term inflation expectations reached their highest …

The yield on the benchmark 10-year Treasury bond settled at 1.65% during early trading on Monday, remaining stable below its 14-month high of 1.78% recorded last month. Investors are awaiting a batch of new US economic data during the week, including inflation, export and import prices to take any hint …

Wholesale inventories in the United States increased during February, according to data by the U.S. Department of Commerce on Friday. The initial estimate of the growth in wholesale inventories was revised upwards to 0.6%, from 0.5% estimated last month, following a 1.4% surge in January. Meanwhile, the component of wholesale …

U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …

The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …

Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …

Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …