Page 18 - Us Economy

Global markets fall after data shows US inflation cooling

MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.

Democrats may propose raising corporate tax rate to 26.5%: Report

Ways and Means Committee set to debate proposal on Tuesday

US initial jobless claims fall by most since late June in week

Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.

Investors betting on 'stable' choice of renomination of Powell as Fed chair

Wall Street is widely expecting that Powell, who was nominated for the role by President Donald Trump in 2017, will be renominated by President Joe Biden for another four-year stint.

Inequality has cost the US nearly $23 trillion over the past 30 years

The new research adds to a growing body of literature that seeks to measure the impact of inequality in the US Last year

Five challenges the US Fed chief may face in the next four years

Progressive Democrats want the Fed to take on a more expansive role in the economy, by beefing up efforts to bolster employment, heading off climate risk and addressing inequality

Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO

Business Standard brings you the top stories this evening

US economy adds just 235,000 jobs in August amid Delta surge, a 7-month low

Employment in leisure and hospitality was flat in August

Oil prices rise on US' economic recovery hopes, weaker dollar

The number of Americans filing new claims for jobless benefits fell last week, while layoffs in August dropped to their lowest level in more than 24 years

US trade deficit narrows slightly to $70.1 billion in July

The US trade deficit narrowed slightly to $70.1 billion in July as economic recovery overseas helped boost American exports while imports declined

United States initial jobless claims decline to fresh pandemic low

Continuing claims for state benefits fell to 2.7 million in the week ended Aug. 21.

Gold steady as investors await US jobs data to gauge Fed's taper path

Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.

US jobs miss pushes dollar to multi-week lows as traders wait on payrolls

The dollar loitered around multi-week lows on Thursday, pressured by softer-than-expected US labour data as traders awaited a fuller jobs readout

Optimistic valuations

Markets continue to run ahead of fundamentals

Hurricane Ida: Economists foresee only modest damage to US economy

The impact on the overall US economy should be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged, economists suggested

Fed Chair gives no signal on start of bond-buying taper, weighs Delta risks

In a speech to the annual Jackson Hole economic conference, Powell indicated the Fed will remain cautious in any eventual decision to raise interest rates

Fed on track to slow aid for economy later this year, says Powell

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve

US' Q2 economic growth revised slightly higher; weekly jobless claims rise

Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter

Risk-on sentiment grows as Jackson Hole speech nears

Stocks in Asia, Europe and Wall Street futures all made gains, setting them on a recovery course after Chinese regulatory worries triggered a sell-off last week.

Wall St Week Ahead: Investors stick to stocks, but gear up for bumpier ride

Signs of caution abound, even as U.S. stocks hover near record highs.