Tag Archives: US Economy

The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Wednesday that the United States economy loses trillions of Dollars every year due to racial and gender inequalities. Harker said that as the American economy recovers from the impact of the Coronavirus pandemic, it is essential to …

The United States Securities and Exchange Commission (SEC) has on Wednesday identified climate change, financial technology (FinTech), and conflicts of interest as the priorities of its Division of Examinations this year. The examinations division revealed in its annual priorities that climate-related risks, meaning environmental, social, and governance (ESG) risks, as …

Mortgage rates in the United States saw their biggest increase in about a year last week, reaching their their highest level since July 2020, amid a surge in U.S. Treasury bond yields, Reuters reported. The contract rate on a 30-year fixed-rate mortgage leveled up by 0.15% to 3.23% in the …

The United States services sector Purchasing Managers’ Index (PMI) declined by 3.4% to 55.3% in February, down from the January reading of 58.7%, data by the Institute for Supply Management (ISM) showed on Wednesday. The reading signaled the ninth consecutive month of expansion in the economic activity of the sector. The …

The United States services sector’s business activity index rose in February, recording its fastest expansion since July 2014, according to data by IHS Markit The seasonally adjusted final US services purchasing managers index (PMI) increased to 59.8 in February, up from 58.3 in January. The final reading for last month …

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 …