Tag Archives: US Economy

The United States is debating the $1.9 trillion stimulus package, as proposed by President Joe Biden, after the House of Representatives passed the relief bill. Democrats are expected to pass the “American Rescue Plan” bill through the reconciliation option, which allows approving the bill with a simple majority without any …

The ISM-New York current business conditions index decreased by 15.7 points to a nine-month low of 35.5 in February, according to the ISM-New York Monthly Report on Business. This reading showed a decline from the January level of 51.2, a level that represented a loss of 10.1 points. The Six-Month …

Consumer spending in the United States increased sharply last month, amid increased government stimulus spending and a decrease in the number of new Coronavirus cases. U.S. consumer spending rose by 2.4% in January, following a 0.4% decline in December, data by the U.S. Department of Commerce showed on Friday. The …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.1% in Q4, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading followed the initial estimate of 4% and came in line with the market expectation.

The Pan American Health Organization said on Wednesday that the number of cases and deaths of Covid-19 in the United States decreased 30% in the past week and is declining in most South American countries, but the effect of vaccines will take months. WHO director Carissa Etienne urged governments and …

Chairman of the United States Federal Reserve, Jerome Powell, testified on Tuesday before the Senate, telling the Senate’s Banking Committee that the economy’s recovery is still uneven and far from complete. Powell vowed to maintain the current monetary policy until the inflation target is achieved and full employment is reached. …

Consumer confidence in the United States improved in February, reaching its highest level in three months, as the American economy is recovering from the impacts of the Coronavirus pandemic. However, confidence remained well below its pre-pandemic levels, data by the Conference Board showed on Tuesday. The consumer sentiment index rose …

The United States Redbook Index improved in February, signaling an improvement in the retail sector as the economy recovers from the impact of the Coronavirus pandemic. The Johnson Redbook Index recorded -0.8% this month, compared with -0.9% in January, according to data by Redbook Research on Tuesday. The index, which …

The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) came in at +1.1% in December after rising 1% in November. This reading came in slightly higher than the market expectation of 1%. 

The United States House of Representatives is officially moving forward with steps to pass the American Rescue Plan, the $1.9 trillion Coronavirus relief package proposed by President Joe Biden. The stimulus bill was passed through the House Budget Committee with a 19-16 vote. It includes raising unemployment insurance supplement $400 …