Page 31 - Us Economy
US consumer prices slow in April; inflation stays elevated at 8.3%
The consumer price index rose 0.3% last month, the smallest gain since last August, as Fed readies for more aggressive tightening
 "US consumer prices slow in April; inflation stays elevated at 8.3%")
US inflation might have slightly dipped in April from 40-year high: Report
US President Biden sought to take the initiative Tuesday and declared inflation the No. 1 problem facing families today" and my top domestic priority
 "US inflation might have slightly dipped in April from 40-year high: Report")
Banning abortion would hurt US economy: Treasury Secretary Janet Yellen
Eliminating the right to access abortion services "would have very damaging effects on the economy and would set women back decades," Yellen told lawmakers during a Senate Banking Committee hearing
 "Banning abortion would hurt US economy: Treasury Secretary Janet Yellen")
US Treasury Secretary Yellen sees possible 'soft landing' for US economy
"The Fed will need to be skillful and also lucky, but I believe it's a combination that is possible," Yellen said
 "US Treasury Secretary Yellen sees possible 'soft landing' for US economy")
US private sector adds 247,000 jobs in April; unemployment at 3.6% in March
Large firms hired 321,000 workers, medium-sized businesses added 46,000, while small companies cut 120,000 employees: Report
 "US private sector adds 247,000 jobs in April; unemployment at 3.6% in March")
Fed hikes rates half point, will shrink assets to curb US inflation
The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.
 "Fed hikes rates half point, will shrink assets to curb US inflation")
Yellen sees solid growth and possible 'soft landing' for US economy
A number of economists have predicted a recession in 2023 as the Fed ramps up interest rates
US economy shrinks by 1.4% in Q1 amid Omicron variant surge
The latest data marks the economy's first contraction since the Covid-19 pandemic impacted the country in early 2020, Xinhua news agency reported
 "US economy shrinks by 1.4% in Q1 amid Omicron variant surge")
US economy posts surprise contraction, belying solid consumer picture
While the surprise contraction adds to political headaches for President Joe Biden, it's unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation
 "US economy posts surprise contraction, belying solid consumer picture")
Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate
The first decrease in gross domestic product in nearly two years was mostly driven by a wider trade deficit as imports surged, and a slowdown in the pace of inventory accumulation
 "Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate")
Wall Street higher on earnings hopes, oil prices drop on growth fears
Brent crude was last down 4.87% at $107.65 a barrel, while U.S. crude was last down 4.91% at $102.9 per barrel
 "Wall Street higher on earnings hopes, oil prices drop on growth fears")
Statsguru: From India to US, six charts show rising global inflation
In the US, consumer price inflation has been higher than in India for the last seven months
 "Statsguru: From India to US, six charts show rising global inflation")
Indian economy looks better than others, but don't raise a cheer just yet
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
US mortgage interest rates top 5%, buyers look to lock in rates
Investors see the Fed bringing its federal funds rate to 2.5%-2.75% by the end of 2022, up from the current target range of between 0.25% and 0.5%
 "US mortgage interest rates top 5%, buyers look to lock in rates")
Russia-Ukraine war impact: US inflation rises to new 40-year high
Gasoline costs drove half of the monthly increase, which were up on account of the Russia-Ukraine war, while food was also a sizable contributor to the jump
 "Russia-Ukraine war impact: US inflation rises to new 40-year high")
Benchmark Treasury yield hits 3-year high; dollar posts weekly gain
The dollar index advanced to 100 for the first time in nearly two years. It rose as high as 100.19, its highest since May 2020.
 "Benchmark Treasury yield hits 3-year high; dollar posts weekly gain")
Asian shares slip on hawkish Fed, US dollar nears two-year peak
Minutes of the Fed's March 15-16 meeting released Wednesday, showed deepening concern among policymakers that inflation had broadened through the economy.
 "Asian shares slip on hawkish Fed, US dollar nears two-year peak")
Biden's pause on federal student loan extension fuels inflation concerns
US President Joe Biden's newly announced plan to extend a pause on federal student loan repayments has drawn backlash from budget watchers and economists
 "Biden's pause on federal student loan extension fuels inflation concerns")
 "Dollar rises towards 2-year high after Fed policy maker's comments")
Gold prices fall 1% after strong US jobs data, firmer dollar
Spot gold XAU= fell 0.7% to $1,924.16 per ounce by 10:44 a.m. ET (1444) GMT. U.S. gold futures GCv1 dropped 1.3% to $1,928.00
 "Gold prices fall 1% after strong US jobs data, firmer dollar")