Page 47 - Us Economy
Coronavirus: Wall Street slumps, investors seek shelter in bond and gold
The S&P index recorded two new 52-week highs and 135 new lows, while the Nasdaq recorded eight new highs and 415 new lows.
 "Coronavirus: Wall Street slumps, investors seek shelter in bond and gold")
Wall Street losses deepen after Fed emergency rate cut over Coronavirus
It was the Federal Reserve's first emergency rate cut since the 2008 financial crisis, underscoring how grave the central bank views the fast-evolving situation
 "Wall Street losses deepen after Fed emergency rate cut over Coronavirus")
Dollar sinks after US Fed cut interest rates to battle Coronavirus
In a statement, the central bank said it was cutting rates by a half percentage point to a target range of 1.00 per cent to 1.25 per cent
 "Dollar sinks after US Fed cut interest rates to battle Coronavirus")
US trade deficit fell to $616.8 billion in 2019, first time in six years
The narrowing of the US trade gap comes after a year when the deficit reached its highest level in a decade
 "US trade deficit fell to $616.8 billion in 2019, first time in six years")
Amid impeachment vote, Trump will focus on economic boom in annual speech
President Donald Trump plans to deliver his State of the Union address to a joint session of Congress on Tuesday
 "Amid impeachment vote, Trump will focus on economic boom in annual speech")
Coronavirus to have little impact on US economy, says Trump adviser
Kudlow said the Trump administration had taken a look at the outbreak of SARS in the early-2000s and found the economic impact on the United States had been negligible
 "Coronavirus to have little impact on US economy, says Trump adviser")
Best of BS Opinion: Simplifying tax on capital, Trump economy, and more
From why life expectancy in the US has been declining to how an undefined constitutional clause has grown too big for the times, here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Simplifying tax on capital, Trump economy, and more")
The truth about the Trump economy
It is becoming conventional wisdom that Trump has been good for the economy. Nothing could be further from the truth
 "The truth about the Trump economy")
US Fed policymakers signal broad agreement on monetary policy, economy
In their first remarks in the new year, heads of several regional Fed banks noted a strong job market, robust consumer spending and a rising optimism for a resolution to the trade tensions
 "US Fed policymakers signal broad agreement on monetary policy, economy")
That recession everyone feared just got priced out by a record stock rally
Very big years in markets rarely come right before recessions
 "That recession everyone feared just got priced out by a record stock rally")
Inequality in the US
A growing challenge has gripped society
 "Inequality in the US")
US, China reach 'Phase 1' trade deal on Beijing promise of farm purchases
Beijing has agreed to import at least $200 billion in additional US goods and services over the next two years on top of the amount it purchased in 2017.
US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee
"If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources," Banerjee said in an interview in Stockholm on Saturday
 "US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee")
US traders want Fed to hold rate cuts until after 2020 Presidential polls
That is the read from traders on Friday after a government report showed employers added 266,000 jobs last month
 "US traders want Fed to hold rate cuts until after 2020 Presidential polls")
Dollar advances on robust US jobs report, backs Fed's no-rate-cut stance
Friday's jobs report provided a respite from all the pessimism on the economy amid poor numbers and persistent uncertainty on US-China trade negotiations
 "Dollar advances on robust US jobs report, backs Fed's no-rate-cut stance")
US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low
The Commerce Department said the trade deficit tumbled 7.6% to $47.2 billion, the smallest since May 2018, as both imports and exports of goods declined
 "US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low")
US Fed minutes show rates on hold until economy shows 'material change'
The minutes also showed that policymakers further discussed the possibility of setting up a standing repo facility in the wake of recent ructions in short-term money markets
 "US Fed minutes show rates on hold until economy shows 'material change'")
Artificial intelligence is coming for white-collar jobs in US labour market
Business, finance, and technology will be more exposed, along with natural resource and production industries
 "Artificial intelligence is coming for white-collar jobs in US labour market")
Shares, bond yields slip globally on trade deal concerns, Hong Kong unrest
The dollar was stable after a rise in US consumer prices was greater than expected
 "Shares, bond yields slip globally on trade deal concerns, Hong Kong unrest")
Repo crisis becomes machiavellian opportunity for some investors
US money-market interest rates surged Tuesday as cash reserves in the banking system remained out of balance with the volume of securities on dealer balance sheets
 "Repo crisis becomes machiavellian opportunity for some investors")
