Page 10 - Us Economy
US Prez Biden launches Indo-Pacific trade deal, warns over inflation
Nations joining the US in the Indo-Pacific Economic Framework are Australia, Brunei, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand and Vietnam
 "US Prez Biden launches Indo-Pacific trade deal, warns over inflation")
Recession not inevitable, pain to last 'some time,' says Biden in Tokyo
We have problems that the rest of the world has, Biden said, but less consequential than the rest of the world has
 "Recession not inevitable, pain to last 'some time,' says Biden in Tokyo")
Sagging global economy burdens Biden ahead of US midterm elections
Foreign affairs and geopolitics have returned as issues that could shape the opinions of U.S. voters
US at 'very, very high risk' of recession, says Goldman Sachs' Blankfein
Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession
 "US at 'very, very high risk' of recession, says Goldman Sachs' Blankfein")
Surging prices of natural gas squeeze US industrial sector: Report
US natural gas futures have doubled this year, far more than the increases in retail gasoline and diesel that have made Americans angry at the US energy industry and the government
 "Surging prices of natural gas squeeze US industrial sector: Report")
Gold gains as dollar, Treasury yields weaken after US inflation data
A weaker dollar makes gold attractive for overseas buyers, while lower Treasury yields reduce the opportunity cost of holding zero-yield bullion
 "Gold gains as dollar, Treasury yields weaken after US inflation data")
Dollar hovers near two-decade high of 103.92 as US inflation moderates
The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists
 "Dollar hovers near two-decade high of 103.92 as US inflation moderates")
US House approves $40 bn in Ukraine aid, beefing up Biden request
The House approved a fresh $40 billion Ukraine aid package as lawmakers beefed up President Biden's initial request, signalling a magnified, bipartisan commitment to thwart Russia's invasion
US consumer prices slow in April; inflation stays elevated at 8.3%
The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening
 "US consumer prices slow in April; inflation stays elevated at 8.3%")
US inflation might have slightly dipped in April from 40-year high: Report
US President Biden sought to take the initiative Tuesday and declared inflation the No. 1 problem facing families today" and my top domestic priority
 "US inflation might have slightly dipped in April from 40-year high: Report")
Banning abortion would hurt US economy: Treasury Secretary Janet Yellen
Eliminating the right to access abortion services "would have very damaging effects on the economy and would set women back decades," Yellen told lawmakers during a Senate Banking Committee hearing
 "Banning abortion would hurt US economy: Treasury Secretary Janet Yellen")
US Treasury Secretary Yellen sees possible 'soft landing' for US economy
"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said
 "US Treasury Secretary Yellen sees possible 'soft landing' for US economy")
US private sector adds 247,000 jobs in April; unemployment at 3.6% in March
Large firms hired 321,000 workers, medium-sized businesses added 46,000, while small companies cut 120,000 employees: Report
 "US private sector adds 247,000 jobs in April; unemployment at 3.6% in March")
Fed hikes rates half point, will shrink assets to curb US inflation
The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.
 "Fed hikes rates half point, will shrink assets to curb US inflation")
Yellen sees solid growth and possible 'soft landing' for US economy
A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates
US economy shrinks by 1.4% in Q1 amid Omicron variant surge
The latest data marks the economy's first contraction since the Covid-19 pandemic impacted the country in early 2020, Xinhua news agency reported
 "US economy shrinks by 1.4% in Q1 amid Omicron variant surge")
US economy posts surprise contraction, belying solid consumer picture
While the surprise contraction adds to political headaches for President Joe Biden, it's unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation
 "US economy posts surprise contraction, belying solid consumer picture")
Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate
The first decrease in gross domestic product in nearly two years was mostly driven by a wider trade deficit as imports surged, and a slowdown in the pace of inventory accumulation
 "Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate")
Wall Street higher on earnings hopes, oil prices drop on growth fears
Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel
 "Wall Street higher on earnings hopes, oil prices drop on growth fears")
Statsguru: From India to US, six charts show rising global inflation
In the US, consumer price inflation has been higher than in India for the last seven months
 "Statsguru: From India to US, six charts show rising global inflation")
