Page 35 - Us Economy
US job growth seen accelerating in Dec; record employment likely in 2021
The Labor Department's closely watched employment report on Friday is also expected to show the jobs market rapidly tightening, with the unemployment rate seen falling to a 22-month low in November
 "US job growth seen accelerating in Dec; record employment likely in 2021")
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"
 "Fed Reserve's 'maximum employment' is here; not everyone has benefited")
US trade deficit widens sharply in November to $80.2 bn as imports surge
The US trade deficit widened sharply to $80.2 billion in November 2021 as imports surged, the Commerce Department reported.
 "US trade deficit widens sharply in November to $80.2 bn as imports surge")
Dollar riding high against Yen on hike bets ahead of payrolls report
The dollar is set to notch up a fifth consecutive weekly gain on the Japanese yen and looks poised to extend the rally
 "Dollar riding high against Yen on hike bets ahead of payrolls report")
Biden's disapproval rating hits new high over Covid, economy: Poll
Biden's overall disapproval rating touched a new high in December 2021, as more Americans have voiced disapproval of his administration's handling of the raging Covid pandemic, the faltering economy
 "Biden's disapproval rating hits new high over Covid, economy: Poll")
Federal Reserve may need to hike rates faster, reduce balance sheet quickly
The minutes, which were released on Wednesday, offered more details on the Fed's shift last month towards a more hawkish monetary policy.
 "Federal Reserve may need to hike rates faster, reduce balance sheet quickly")
Dollar lifted by safe-haven flows, Federal Reserve expectations
The dollar index, which measures the currency against six major rivals, was up 0.177% at 96.223.
 "Dollar lifted by safe-haven flows, Federal Reserve expectations")
World economy to surpass $100 trn in 2022, India to overtake France: Study
British consultancy Cebr predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast in last year's World Economic League Table report
 "World economy to surpass $100 trn in 2022, India to overtake France: Study")
White House downplays Secret Service estimate of Covid-19 fraud
The White House said that the estimate is based on old reports.
 "White House downplays Secret Service estimate of Covid-19 fraud")
Democrats 'not giving up' on Biden's $2 trn bill, talks with Manchin
President Biden appears determined to return to the negotiating table with Sen. Joe Manchin, the holdout Democrat who effectively tanked the party's signature $2 trillion domestic policy
 "Democrats 'not giving up' on Biden's $2 trn bill, talks with Manchin")
Biden vows he, Manchin will 'get something done' on $2 trn social bill
Biden appeared determined to return to the negotiating table with Senator Joe Manchin, the holdout Democrat who effectively tanked the party's signature $2 trillion domestic policy bill
 "Biden vows he, Manchin will 'get something done' on $2 trn social bill")
Wall Street ends lower on Omicron concern, Biden spending plan setbacks
US stocks ended trading down by more than 1%, pressured lower by surging Omicron coronavirus cases and a possible fatal blow to a $1.75 trillion domestic spending bill
 "Wall Street ends lower on Omicron concern, Biden spending plan setbacks")
With Biden spending plan blocked, economists lower 2022 growth forecasts
Some economists expect the US economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden's $1.75 trillion spending plan
US unemployment benefits rise but still historically low at 206,000
The number of Americans applying for unemployment benefits rose last week despite signs that the US labour market is rebounding from last year's coronavirus recession.
 "US unemployment benefits rise but still historically low at 206,000")
Taper without tantrum
Fed pivots on policy, but calm reigns
US Fed announces faster tapering of asset purchases amid rising inflation
The US Federal Reserve announced a faster tapering of the central bank's asset purchase program beginning in January amid the rising inflation.
Dollar holds firm as investors eye major US Fed policy meeting
The dollar index which measures the greenback against six major peers was at 96.557, having gained 0.5% so far this week in choppy trading
US Senate approves boosting debt limit to $31.4 trn, sends to House
The US Senate approved raising the federal government's debt limit by $2.5 trillion, to about $31.4 trillion, and sent it to the House of Representatives to pass
 "US Senate approves boosting debt limit to $31.4 trn, sends to House")
Fed may announce faster pace of tapering amid risk of persistent inflation
The US Federal Reserve is expected to announce this week that the central bank will accelerate the pace of tapering asset purchases and prepare for raising interest rates in 2022
The question of US monetary policy
In contrast to the US, India is in the early stages of its inflation journey
 "The question of US monetary policy")