Page 12 - Us Economy
US recovery helped India achieve the $400-billion mark for exports
During the first 11 months of the fiscal year, outbound shipments to China grew at 7 per cent, with shipments valued at $19.8 billion.
 "US recovery helped India achieve the $400-billion mark for exports")
Flows to funds offering exposure to US assets may pick up: Cameron Brandt
I do not see yields climbing as much as some predict, says Brandt
 "Flows to funds offering exposure to US assets may pick up: Cameron Brandt")
US administration to send out nearly $3 bn in disaster relief grants
The Biden administration is allocating nearly $3 billion in disaster relief funding to cover recovery efforts by multiple state and local governments.
 "US administration to send out nearly $3 bn in disaster relief grants")
Joe Biden aides to US Congress: Fund Covid aid, don't cut budget
Congress should provide the $22.5 billion President Joe Biden wants for continuing the battle against Covid without cutting other programs to pay for it, senior administration officials said
 "Joe Biden aides to US Congress: Fund Covid aid, don't cut budget")
Dollar gains ground after Fed chief Powell's comment over monetary policy
The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from US Federal Reserve Chair Jerome Powell
 "Dollar gains ground after Fed chief Powell's comment over monetary policy")
Fed must move 'expeditiously' and, if needed, more aggressively: Powell
Fed policymakers last week raised interest rates for the first time in three years and signaled ongoing rate hikes ahead
 "Fed must move 'expeditiously' and, if needed, more aggressively: Powell")
Fed hawks say more dramatic rate moves may be needed to tame inflation
Fed officials hiked interest rates this week for the first time in three years and signaled that more rate increases are coming
 "Fed hawks say more dramatic rate moves may be needed to tame inflation")
Explained: Why you should care as the US yield curve flattens further
The shape of the yield curve is a key metric investors watch as it impacts other asset prices, feeds through to banks' returns and has been an indicator of the economy.
 "Explained: Why you should care as the US yield curve flattens further")
History shows the heat will be on Fed Reserve post interest rise hike
Not all of the Fed's efforts to tighten monetary policy have worked the same way.
Americans may have reached tipping point with all-time high fuel rate: Poll
The new poll has said that Americans may have reached a tipping point with the national average fuel price at an all-time high of over $4 for one gallon.
 "Americans may have reached tipping point with all-time high fuel rate: Poll")
Oil shock is coming, but US may have already paid for it: Report
The gusher of money the US government poured into family bank accounts during the coronavirus pandemic may now help limit the economic damage from Russia's invasion of Ukraine
 "Oil shock is coming, but US may have already paid for it: Report")
House Democrats drop Covid-19 funds plan to make way for US spending bill
Democratic leaders abruptly abandoned plans for a fresh infusion of $15.6 bn for battling the Covid pandemic, clearing the way for House debate and passage of a vast government spending bill
 "House Democrats drop Covid-19 funds plan to make way for US spending bill")
US job openings near record in January, adding to price pressures
US businesses posted a near-record level of open jobs in January, a trend that has pushed up worker's pay and added to inflationary pressures in the U.S.
 "US job openings near record in January, adding to price pressures")
Stocks slide, commodities spike as Ukraine war shakes markets
The major U.S. stock indices declined less as Europe's dependence on Russian energy and its proximity to Ukraine has slammed the continent more than other parts of the globe
 "Stocks slide, commodities spike as Ukraine war shakes markets")
US unemployment slightly dips to 3.8% in Feb as Covid surge fades
Over the past 12 months, average hourly earnings have increased by 5.1 per cent.
 "US unemployment slightly dips to 3.8% in Feb as Covid surge fades")
US added 678,000 jobs in February in sign of economic health
U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy's solid health as the omicron wave fades
 "US added 678,000 jobs in February in sign of economic health")
Ready for more rate hikes, says US Federal Reserve's Jerome Powell
Russia's attack has whiplashed financial markets and sent energy and commodity prices surging, with West Texas Intermediate crude hovering around $110 a barrel.
Solid US job gains forecast in Feb; unemployment rate seen dipping to 3.9%
Oil prices have surged above $100 a barrel since Russia launched a war against Ukraine last Thursday, invoking a barrage of sanctions against Moscow by the United States and its allies.
 "Solid US job gains forecast in Feb; unemployment rate seen dipping to 3.9%")
US weekly jobless claims fall for 2nd straight week; layoffs tumble in Feb
Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 215,000 for the week ended Feb. 26, the Labor Department said on Thursday
 "US weekly jobless claims fall for 2nd straight week; layoffs tumble in Feb")
Powell backs 25 bps March rate hike, says Fed ready to be more aggressive
Powell called the Russian invasion of Ukraine 'a game changer' that could have unpredictable consequences
 "Powell backs 25 bps March rate hike, says Fed ready to be more aggressive")
