Page 27 - Us Economy
US unemployment claims fall to 730,000 but layoffs remain high
The latest figures come as the job market has made scant progress in the past three months
 "US unemployment claims fall to 730,000 but layoffs remain high")
US government revises fourth quarter GDP up slightly to 4.1%
The economy grew at a slightly faster pace in the final three months of 2020 than first thought
 "US government revises fourth quarter GDP up slightly to 4.1%")
Fed to keep monetary policy easy, stay patient as US economy revives
"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023
 "Fed to keep monetary policy easy, stay patient as US economy revives")
Data-focused Powell paves way for era of extended loose Fed policy
WASHINGTON (Reuters) - Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
 "Data-focused Powell paves way for era of extended loose Fed policy")
Powell says economy still needs Fed help, pushes back on inflation worries
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.
Jerome Powell signals Fed to keep buying bonds even as outlook improves
The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said
 "Jerome Powell signals Fed to keep buying bonds even as outlook improves")
Powell says Fed will not commit to any decision on dividend restrictions
"We have not decided what to do there yet and we're actually looking into that right now," Powell said during a hearing before the Senate Banking Committee
 "Powell says Fed will not commit to any decision on dividend restrictions")
Wall Street opens lower ahead of Fed Chairman Jerome Powell's speech
Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress
Janet Yellen favors higher company tax, signals capital gains worth a look
The Fed already conducts tests to address vulnerability to economic or market downturns, and uses the results as a basis for financial institutions' capital requirements
 "Janet Yellen favors higher company tax, signals capital gains worth a look")
Wall Street falls at open on inflation concerns and rising yields
The Dow Jones Industrial Average fell 113.2 points, or 0.36%, at the open to 31381.12
 "Wall Street falls at open on inflation concerns and rising yields")
Power back, but Texans stormed with thousand-dollar electricity bills
Consumers are facing sky-high payments in the aftermath of the storm, with many taking to social media to show electricity bills ranging as high as $8,000
 "Power back, but Texans stormed with thousand-dollar electricity bills")
Bulls take a break: Sensex, Nifty fall for fourth day amid yield surge
Sensex down 2.4% in four sessions
 "Bulls take a break: Sensex, Nifty fall for fourth day amid yield surge")
The reflation euphoria has a dark side for emerging markets
"If a particular allocation across the risky markets spectrum should be low confidence this year, it is the EM overweight," JPMorgan's John Normand wrote in a note to clients on Wednesday
 "The reflation euphoria has a dark side for emerging markets")
Power outages and water shortages as Texas shivers, says report
Misery deepens as a new storm threatens the US east coast
Fed minutes highlight willingness to steer past coming inflation
The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts
 "Fed minutes highlight willingness to steer past coming inflation")
Rising US yields takes edge off stocks rally, lends support to dollar
Benchmark ten-year U.S. Treasury yields rose as far as 1.3330% in Asia, the highest since February 2020, although they later eased back to 1.2989%
 "Rising US yields takes edge off stocks rally, lends support to dollar")
Energy crisis in US deepens with nearly 5 million people in the dark
The blackouts are likely to continue throughout Tuesday with no firm end in sight
 "Energy crisis in US deepens with nearly 5 million people in the dark")
G7: Joe Biden to speak at virtual meeting of world's major economies
Biden will emphasize the need for global coordination on vaccine production, distribution and supplies, as well as global efforts to prepare for and protect against future pandemics
 "G7: Joe Biden to speak at virtual meeting of world's major economies")
Unfair economic practices a worry, says Biden in first phone call with Xi
Xi reiterated during the call that cooperation was the only choice and that the two countries need to properly manage disputes in a constructive manner
 "Unfair economic practices a worry, says Biden in first phone call with Xi")
US to look at adding more restrictions on sensitive tech exports to Chins
"We are maintaining those tariffs while we conduct our review because we're not going to act precipitously," he said
 "US to look at adding more restrictions on sensitive tech exports to Chins")
