Page 7 - Us Economic Growth
Powell says US Fed could start to shrink balance sheet later this year
US Federal Reserve Chair, Jerome Powell has said that the central bank could start to shrink its balance sheet later this year.
 "Powell says US Fed could start to shrink balance sheet later this year")
Goldman Sachs expects four US Fed hikes, sees faster runoff in 2022
The Federal Reserve will likely raise interest rates four times this year and will start its balance sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc.
 "Goldman Sachs expects four US Fed hikes, sees faster runoff in 2022")
Fed Reserve's 'maximum employment' is here; not everyone has benefited
Since adopting a new approach to US monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like "maximum employment"
US economy grows at an annual rate of 2.0% in Q3 amidst delta surge
"Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased."
 "US economy grows at an annual rate of 2.0% in Q3 amidst delta surge")
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
 "US' Q2 economic growth revised slightly higher; weekly jobless claims rise")
US job growth exceeds forecast in July as unemployment rate falls
Payrolls climbed by 943,000 last month after an upwardly revised 938,000 increase in June
 "US job growth exceeds forecast in July as unemployment rate falls")
US economy well on way to robust post-Covid recovery: Janet Yellen
Yellen said in testimony she's scheduled to deliver before the Senate Finance Committee that she came into her job in January hoping to help Americans "make it to the other side of the crisis."
 "US economy well on way to robust post-Covid recovery: Janet Yellen")
Social spending, business tax hike drive $6 trillion Joe Biden budget
President Joe Biden's USD 6 trillion budget proposal for next year would run a USD 1.8 trillion federal government deficit despite a raft of new tax increases on corporations and high-income people
 "Social spending, business tax hike drive $6 trillion Joe Biden budget")
US economic growth in April-June remains unrevised at annualised 6.4%
The US economy grew at an annual rate of 6.4 per cent in the first quarter of 2021, the Commerce Department said in its second estimate.
 "US economic growth in April-June remains unrevised at annualised 6.4%")
United States first quarter GDP unchanged at robust 6.4% annual rate
The US economy grew at a robust annual rate of 6.4 per cent in the first three months of this year, unchanged from the government's initial estimate.
 "United States first quarter GDP unchanged at robust 6.4% annual rate")
United States unemployment claims fall to 406,000, a new pandemic low
This comes as the virus wanes and economy further reopens.
 "United States unemployment claims fall to 406,000, a new pandemic low")
US business economists foresee best growth in 37 years, reveals survey
A survey being released Monday by the National Association for Business Economics found that its panel expects the economy to expand 6.5 per cent this year
 "US business economists foresee best growth in 37 years, reveals survey")
US economy accelerated at a robust 6.4% rate last quarter on stimulus
US economy grew at a brisk 6.4 per cent annual rate last quarter a show of strength fuelled by government aid and declining viral cases that could drive further gains
 "US economy accelerated at a robust 6.4% rate last quarter on stimulus")
JPMorgan's Jamie Dimon predicts 'this boom could easily run into 2023'
Unprecedented federal rescue programs have blunted unemployment and averted further economic deterioration, according to Dimon
World economy risks 'dangerously diverging' even as growth booms
While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs
 "World economy risks 'dangerously diverging' even as growth booms")
Investors turn bearish on Asian currencies for 1st time in a year: Report
Investors were bearish on all Asian currencies for the first time in a year as US economic outperformance and new lockdowns elsewhere muddy the outlook for risk assets
 "Investors turn bearish on Asian currencies for 1st time in a year: Report")
UN body raises global economic growth forecast for 2021 to 4.7%
The report estimates that last year there was a 3.9 per cent drop in output as the spread of the coronavirus sparked lockdowns across the world.
 "UN body raises global economic growth forecast for 2021 to 4.7%")
Asian stocks set to mostly rise after Federal Reserve projects US GDP surge
Asian stocks were set for modest gains after the Federal Reserve pledged to keep monetary policy and rates unchanged and projected a rapid jump in US economic growth this year as the pandemic eases
 "Asian stocks set to mostly rise after Federal Reserve projects US GDP surge")
Covid-19: Jump in hiring fuels optimism for US economic recovery
US hiring accelerated more quickly than expected last month, evidence that a year after the pandemic took hold, the economy is strengthening as virus cases drop and vaccinations ramp up.
 "Covid-19: Jump in hiring fuels optimism for US economic recovery")
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%")
