Page 15 - Us Economy
Dollar lifted by safe-haven flows, Federal Reserve expectations
The dollar index, which measures the currency against six major rivals, was up 0.177% at 96.223.
 "Dollar lifted by safe-haven flows, Federal Reserve expectations")
World economy to surpass $100 trn in 2022, India to overtake France: Study
British consultancy Cebr predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast in last year's World Economic League Table report
 "World economy to surpass $100 trn in 2022, India to overtake France: Study")
White House downplays Secret Service estimate of Covid-19 fraud
The White House said that the estimate is based on old reports.
 "White House downplays Secret Service estimate of Covid-19 fraud")
Democrats 'not giving up' on Biden's $2 trn bill, talks with Manchin
President Biden appears determined to return to the negotiating table with Sen. Joe Manchin, the holdout Democrat who effectively tanked the party's signature $2 trillion domestic policy
 "Democrats 'not giving up' on Biden's $2 trn bill, talks with Manchin")
Biden vows he, Manchin will 'get something done' on $2 trn social bill
Biden appeared determined to return to the negotiating table with Senator Joe Manchin, the holdout Democrat who effectively tanked the party's signature $2 trillion domestic policy bill
 "Biden vows he, Manchin will 'get something done' on $2 trn social bill")
Wall Street ends lower on Omicron concern, Biden spending plan setbacks
US stocks ended trading down by more than 1%, pressured lower by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion domestic spending bill
 "Wall Street ends lower on Omicron concern, Biden spending plan setbacks")
With Biden spending plan blocked, economists lower 2022 growth forecasts
Some economists expect the US economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden's $1.75 trillion spending plan
US unemployment benefits rise but still historically low at 206,000
The number of Americans applying for unemployment benefits rose last week despite signs that the US labour market is rebounding from last year's coronavirus recession.
 "US unemployment benefits rise but still historically low at 206,000")
Taper without tantrum
Fed pivots on policy, but calm reigns
 "Taper without tantrum")
US Fed announces faster tapering of asset purchases amid rising inflation
The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
Dollar holds firm as investors eye major US Fed policy meeting
The dollar index which measures the greenback against six major peers was at 96.557, having gained 0.5% so far this week in choppy trading
US Senate approves boosting debt limit to $31.4 trn, sends to House
The US Senate approved raising the federal government's debt limit by $2.5 trillion, to about $31.4 trillion, and sent it to the House of Representatives to pass
 "US Senate approves boosting debt limit to $31.4 trn, sends to House")
Fed may announce faster pace of tapering amid risk of persistent inflation
The US Federal Reserve is expected to announce this week that the central bank will accelerate the pace of tapering asset purchases and prepare for raising interest rates in 2022
The question of US monetary policy
In contrast to the US, India is in the early stages of its inflation journey
 "The question of US monetary policy")
US consumer prices in Nov rise at fastest annual pace in almost 40 yrs
US consumer prices in November rose at the fastest annual pace in almost 40 years, increasing pressure on the Federal Reserve to tighten monetary policy, the Labour Department reported.
 "US consumer prices in Nov rise at fastest annual pace in almost 40 yrs")
17 mn US workers lost job, saw wage cut by Covid-induced economic setback
Nearly 17 million US workers lost their jobs or saw their wages decline since the onset of the Covid-19 pandemic in early 2020, a report said.
 "17 mn US workers lost job, saw wage cut by Covid-induced economic setback")
US govt budget deficit $356.4 bn, down 17% from same period last year
The US budget deficit totaled $356.4 billion in the first two months of the budget year, down 17 per cent from the same period a year ago
 "US govt budget deficit $356.4 bn, down 17% from same period last year")
US consumer prices climb in Nov at fastest annual rate since 1982
The consumer price index increased 6.8% from November 2020, according to Labor Department data released Friday
 "US consumer prices climb in Nov at fastest annual rate since 1982")
US unemployment claims drop to 52-year low amid seasonal volatility
The number of Americans applying for unemployment benefits plunged last week to the lowest level in 52 years, more evidence that the US job market is recovering from last year's coronavirus recession.
 "US unemployment claims drop to 52-year low amid seasonal volatility")
US House passes bill to fast-track passage of debt limit increase
The Senate is expected to take up the measure, which prevents the use of stalling tactics, on Thursday
 "US House passes bill to fast-track passage of debt limit increase")
