Tag Archives: US Economy

The success of the American rescue plan, proposed by the United States President Joe Biden, will be evaluated based on how quickly it helps the economy return to unemployment levels as sees prior to the Coronavirus pandemic, the U.S. Treasury Secretary Janet Yellen said on Monday. Once again, Yellen said …

Goldman Commodities Research raised its Brent crude oil price forecast of $10 for Q2 and Q3 of 2021, indicating lower expectations for stocks and higher cost margins for resuming upstream activities and speculative inflows. The American bank expects Brent prices to reach $70 a barrel in Q2, from the $60 …

Businesses in the United States showed their strongest monthly output expansion in about six years this month, data showed on Friday. As the American economy is recovering from the impact of the Coronavirus pandemic, the service sector activity expanded and the manufacturing sector maintained output growth at a slightly slower …

Goldman Sachs said in a note that a wave of freezing weather in Texas caused blackouts and disruptions to refineries and pipelines that would have a limited and only temporary impact on the global oil market. Oil prices fell by up to 2% on Friday, due to fears that the …

Import prices in the United States registered last month their biggest rise in about nine years, data by the U.S. Department of Labor Showed on Thursday. Following a 1% increase in December, import prices rose by 1.4% in January, signaling their biggest increase since March 2012. This comes amid a …

Housing starts in the United States decreased by 6% to a seasonally adjusted annual rate of 1.58 million units in January, data by the U.S. Department of Commerce showed on Thursday. Housing starts declined by 2.3% on an annual basis, as softwood lumber prices surged by a record 73% last …

Industrial production in the United States expanded last month, as the American economy recovers from the impact of the Coronavirus pandemic. Production at U.S. factories increased by 1% in January, following a 0.9% rise in December, data by the Federal Reserve showed on Wednesday. This marked the ninth consecutive monthly …

Markets in the United States are seeing a long weekend this week, with Monday being an official holiday in commemoration of Presidents Day. Presidents Day, celebrated every year in the third Monday of February, marks the birthday of George Washington, one of the founding fathers of the U.S. and its …

The United States Secretary of the Treasury, Janet Yellen, called upon G7 countries to go big on stimulus spending to help economies recover from the impacts of the Coronavirus pandemic. Yellen’s remarks on Friday came during a meeting of G7 finance ministers and central bank leaders, Reuters reported. “The time …

The United States Federal Reserve Chair, Jerome Powell, called for more efforts to help the American economy recover from the impact of the Coronavirus pandemic, in order to reach full employment. Powell’s remarks came in a speech to the Economic Club of New York on Wednesday, Reuters reported. “Given the …