Page 11 - Us Economy
Indian economy looks better than others, but don't raise a cheer just yet
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
US mortgage interest rates top 5%, buyers look to lock in rates
Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%
 "US mortgage interest rates top 5%, buyers look to lock in rates")
Russia-Ukraine war impact: US inflation rises to new 40-year high
Gasoline costs drove half of the monthly increase, which were up on account of the Russia-Ukraine war, while food was also a sizable contributor to the jump
 "Russia-Ukraine war impact: US inflation rises to new 40-year high")
Benchmark Treasury yield hits 3-year high; dollar posts weekly gain
The dollar index advanced to 100 for the first time in nearly two years. It rose as high as 100.19, its highest since May 2020.
 "Benchmark Treasury yield hits 3-year high; dollar posts weekly gain")
Asian shares slip on hawkish Fed, US dollar nears two-year peak
Minutes of the Fed's March 15-16 meeting released Wednesday, showed deepening concern among policymakers that inflation had broadened through the economy.
 "Asian shares slip on hawkish Fed, US dollar nears two-year peak")
Biden's pause on federal student loan extension fuels inflation concerns
US President Joe Biden's newly announced plan to extend a pause on federal student loan repayments has drawn backlash from budget watchers and economists
 "Biden's pause on federal student loan extension fuels inflation concerns")
 "Dollar rises towards 2-year high after Fed policy maker's comments")
Gold prices fall 1% after strong US jobs data, firmer dollar
Spot gold XAU= fell 0.7% to $1,924.16 per ounce by 10:44 a.m. ET (1444) GMT. U.S. gold futures GCv1 dropped 1.3% to $1,928.00
 "Gold prices fall 1% after strong US jobs data, firmer dollar")
US economy not letting war, pandemic get in the way of a good time
There are signs also that larger changes, expected by economists as part of a 'normalizing' economy, are beginning to take shape
 "US economy not letting war, pandemic get in the way of a good time")
India in a divided world: Keeping old friendships and cultivating new ones
The question for India, as a middle or swing power with long-term external dependencies for energy and military hardware, is how to not let old friendships come in the way of new ones, notes T N Ninan
US added 431,000 jobs in March in sign of economic health
As the pandemic has eased, consumers have been broadening their spending beyond goods to services
 "US added 431,000 jobs in March in sign of economic health")
US employment gains expected in March; jobless rate seen falling to 3.7%
The Fed last month raised its policy interest rate by 25 basis points, the first hike in more than three years.
 "US employment gains expected in March; jobless rate seen falling to 3.7%")
Profits at large global banks set to fall sharply due to M&A slowdown
(Reuters) - Profits at the world's biggest banks are expected to fall for the first time in seven quarters, dragged down mainly by a slowdown in mergers and acquisitions (M&A) activity and a decline in equity and debt issuance deals.
 "Profits at large global banks set to fall sharply due to M&A slowdown")
US President Biden planning to tap oil reserve to control gas prices
President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation's strategic petroleum reserve, in a bid to control energy prices that have spiked
US economic growth accelerates in Q4; corporate profits slow
For all of 2021, the economy grew 5.7%, the strongest since 1984, after the government provided nearly $6 trillion in pandemic relief
World stocks lose steam, bond markets suggest pain ahead for US economy
Market players said the signals coming from bond markets were at odds with the mood in equity markets
 "World stocks lose steam, bond markets suggest pain ahead for US economy")
US President Biden budget has Manchin priorities: Tax rich, cut deficit
US President Joe Biden's $5.8 trillion budget for next year would trim federal deficits and boost taxes on the wealthiest Americans.
 "US President Biden budget has Manchin priorities: Tax rich, cut deficit")
Approval of Joe Biden's handling of economy declining, shows new poll
A new polls has revealed that the approval of Biden's handling of the economy was declining as the cost of living has jumped to become Americans' most important issue
 "Approval of Joe Biden's handling of economy declining, shows new poll")
Weekly USDA wheat ratings rise in Kansas, drop in Oklahoma, Colorado
The US Department of Agriculture's (USDA) National Agricultural Statistics Service in a weekly crop report on Monday rated 32% of the winter wheat in top producer Kansas
 "Weekly USDA wheat ratings rise in Kansas, drop in Oklahoma, Colorado")
Average US gas price drops 6 cents over 2 weeks to $4.37 a gallon
The average US price of a gallon of regular-grade gasoline dropped 6 cents over the past two weeks to $4.37 per gallon.
 "Average US gas price drops 6 cents over 2 weeks to $4.37 a gallon")
