Page 8 - Us Economy

Solid US economy can handle rising interest rates, says Fed's Bullard

The US economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday.

US stocks see worst first half drop in over 50 yrs amid inflation woes

US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.

Dollar heads for weekly gain as investors weigh rates, recession risks

The dollar index inched up 0.07% in Asian trading, after a 0.32% drop overnight when it was undermined by weaker-than-expected consumer spending data

Gold bound for worst quarter in over a year on hawkish Fed policy

Gold slipped on Thursday, heading for its worst quarter in five as a hawkish tone from global central banks dimmed appeal for the non-yielding asset

US economy shrank 1.6% in first quarter: Commerce Department report

The GDP data for the first quarter marks the US economy's first contraction since the onset of the Covid-19 pandemic

US economy contracts 1.6% in first quarter amid record trade deficit

The US economy grew at a robust 6.9% pace in the fourth quarter

Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow

US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble

Dollar falters as Treasury yields retreat amid recession risks, rate hike

Treasury 10-year yields slid more than 1 basis point in Tokyo, trading to around 3.17% as Asian equities followed Wall Street lower

Benchmark indices extend winning streak as commodity prices moderate

Buying in IT stocks - spurred by a global trend - accounted for the bulk of the gains in the benchmark indices

US economy will narrowly avoid recession in 2022 and 2023, says IMF

"We are conscious that there is a narrowing path to avoiding a recession in the US," Georgieva said. "We also have to recognize the uncertainty of the current situation"

Federal Reserve says US banks can weather severe downturn comfortably

Fed said the 34 lenders it oversees would suffer combined losses of $612 bn under a severe downturn

Wall Street's hiring frenzy eases as worries grow over economy, market fall

Soaring inflation exacerbated by Russia's invasion of Ukraine and resulting interest rate hikes are making some Wall Street companies nervous about the risk of a recession

Qatar Economic Forum: Musk, Roubini, Goldman warn of US recession risk

SpaceX boss says 'a few unresolved matters' remain on Twitter deal

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

Janet Yellen says gasoline tax holiday worth considering as anti-inflation

Yellen said that research suggested that there was likely a higher pass-through rate for cutting higher state fuel taxes than the generally lower federal taxes

US economy will slow but recession not inevitable, says Janet Yellen

Treasury Secretary Janet Yellen said Sunday that she expects the US economy to slow in the months ahead, but that a recession is not inevitable. Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fuelled by skyrocketing inflation and the Russian invasion of Ukraine. She also expressed an openness, during an interview on ABC's This Week, to a federal gas tax holiday to help give motorists some relief at the pump. Several lawmakers have floated the idea as the average price of gasoline hovers around $5 per gallon; the tax is 18.4 cents per gallon. That's an idea that's certainly worth considering, Yellen said when asked if the administration is weighing it. She added that President Joe Biden wants to do anything he possibly can to help consumers. And Energy Secretary Jennifer Granholm said it's one of the tools, but told CNN's State of the Union that part of the challenge with the gas tax, of course, is that it funds the roads. Yellen sa

Inflation will not fall to 2% target for two years, says Fed's Mester

Cleveland Federal Reserve Bank President said she was not predicting a recession despite slowing growth

Cloudy valuations give investors pause in buying beaten-up US stocks

Market volatility and a rapidly changing macroeconomic landscape have clouded metrics that investors typically use to value stocks

Investors brace for recession, more mkt turmoil after Fed's supersized hike

The S&P is down 22.2% year-to-date and is in a bear market

US weekly jobless claims fall modestly; housing starts hit 13-month low

Weekly jobless claims fall 3,000 to 229,000; continuing claims rise 3,000 to 1.31 mn