Page 16 - Us Economy

Weekly US jobless claims at 2-month low; labour market gradually easing

The government reported on Wednesday that job openings fell to near a three-year low in November. Labor market strength is expected to again shield the economy from recession this year

Mainstream economics' medieval inflation cure

In modern medicine, specific diagnosis leads to specific treatment, but mainstream economists hark back to the medieval approach, attributing all diseases to a common cause

Rupee ends lower due to high dollar demand from oil firms, US data awaited

The Indian rupee declined on Thursday as dollar demand from local oil companies weighed on the local unit, while traders awaited GDP and labour market data from the United States

Don't rush to join Fed pivot: IMF chief Georgieva to central banks

She indicated that her advice applied to the case of the Bank of Korea, after she met with Governor Rhee Chang-yong

Nifty IT logs biggest two-day gain since July 2020; Sensex soars past 71K

Bellwether stocks Tata Consultancy Services, Infosys, and HCL Technologies each witnessed a 5 per cent jump on Friday, accounting for over half of the market gains

Wall Street traders go all-in on great monetary pivot of this year

"This is a massive paradigm shift on Wall Street, with the most aggressive rate-hiking cycle in decades coming to an end," said Adam Sarhan, founder of 50 Park Investments

US economy still strong as retail sales beat expectations, layoffs stay low

Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession

US Fed holds policy rate in 5.25%-5.50% range, sees 75 bps cut next year

Fed's 'soft landing' scenario still on the table

Biden's 2024 dilemma: US economy looks solid, voters still not feeling it

President Joe Biden goes into next year's election with a vexing challenge: Just as the US economy is getting stronger, people are still feeling horrible about it. Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The divergence could be a decisive factor in whether the Democrat secures a second term next year. Republicans are seizing on the dissatisfaction to skewer Biden, while the White House is finding less success as it tries to highlight economic progress. Things are getting better and people think things are going to get worse and that's the most dangerous piece of this," said Democratic pollster Celinda Lake, who has worked with Biden. Lake said voters no longer want to just see inflation rates fall rather, they want an outright decline in prices, something that last happened on a large scale during the Great Depression. Honestly, I'm kind of mystified by it, she said. By many measures, the

The journey of Nifty: From 11000 to 21000 in a span of six years

Following the sharp rise in the markets, most positives have been priced in, say experts

Indian IT battles slowdown in US, hiring to be muted for next 2-3 quarters

This implies that hiring will be in the slow lane even in the first quarter of FY25

Fed to move 'carefully' on rates, 'soft landing' taking shape: Powell

Powell and Fed Governor Lisa Cook, who earned her bachelor's degree at Spelman College, were scheduled to participate in a roundtable discussion with local entrepreneurs later on Friday

Growth slows down in three of five advanced economies; US, UK exceptions

China, Japan, Germany showed weaker rate; for UK, it remained the same

US economy grew 5.2% in third quarter, faster than first estimated

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

'Sexualised' workplace: FDIC boss grilled after harassment revelations

Gruenberg said the review would look into conduct across the agency and he hoped the study would be completed within 90 days

US economic outlook strengthens, inflation progress bumpy: Survey

Forecasters see more straightforward progress on the so-called core measures for both CPI and PCE inflation, which strip out the more volatilie components of food and energy

Moody's lowers US credit outlook to 'negative' on rising interest rate

The credit rating agency Moody's Investors Service lowered its outlook on the US government's debt on Friday to "negative" from "stable", citing the cost of rising interest rates and political polarization in Congress. Moody's retained its top triple-A credit rating on U.S. government debt, though it is the last of the three major credit rating agencies to do so. Fitch Ratings lowered its rating to AA+ from AAA in August, and Standard and Poor's downgraded the US in 2011. A reduced outlook, however, raises the risk that Moody's could eventually strip its triple-A rating from the US as well. A lower rating on US debt could cost taxpayers if it leads borrowers to demand higher interest rates on Treasury bills and notes. The yield on the 10-year Treasury has risen significantly since July, from about 3.9 per cent to 4.6 per cent Friday, an unusually sharp rise. Some market analysts have said the August Fitch downgrade may have contributed to that increase, though most point to other .

US depends on China for its modern way of life, says Vivek Ramaswamy

The US cannot "get tough" with China because it depends on it for a modern way of life, Indian-American Republican presidential candidate Vivek Ramaswamy has said, asserting that Washington needs to declare economic independence from Beijing. The 38-year-old multimillionaire biotech entrepreneur made the comment on Wednesday during the Republican Party's third presidential debate in Miami, Florida. Indian-American presidential candidate Nikki Haley, Florida Governor Ron DeSantis, former New Jersey Governor Chris Christie, and South Carolina Senator Tim Scott participated in the debate. Former US president Donald Trump, who is leading the race, did not participate in the debate again. Here's why we can't get tough with China. It's because we depend on them for our modern way of life. And we have to declare economic independence from our enemy," Ramaswamy said. "That's the Declaration of Independence that Thomas Jefferson, at the age of 33, would have signed. And today, if he were ..

'Risk-on' for markets

The stock markets may rise over the short term, but it is too early to conclude that the 'worst is over' for the US economy

US weekly unemployment claims rise moderately by 5,000 to 217,000

Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 217,000 for the week ended Oct. 28, the Labor Department said