Page 38 - Us Economy
US 30-year yield rises to highest since June as inflation fear grows
The benchmark 30-year yield jumped to 2.12% in early Tokyo trade, extending its advance from last month's low of 1.81%
 "US 30-year yield rises to highest since June as inflation fear grows")
US consumer confidence falls to 7-month low on Delta variant fears
The Conference Board's index fell to 109.3 from a revised 115.2 reading in August, according to the group's report Tuesday.
 "US consumer confidence falls to 7-month low on Delta variant fears")
Fed can't protect markets in case of default, says Jerome Powell
"The failure to do that is something that could result in severe damage to the economy and to financial markets and it's just not something we should contemplate," he said
 "Fed can't protect markets in case of default, says Jerome Powell")
Fed policymakers see upward march in interest rates starting next year
(Reuters) -Half of U.S. Federal Reserve policymakers now expect to start raising interest rates next year and think borrowing costs should increase to at least 1% by the end of 2023, reflecting a growing consensus that gradually tighter policy will be needed to keep inflation in check.
 "Fed policymakers see upward march in interest rates starting next year")
Fed signals bond-buying taper may start soon, split on 2022 hike
US stocks rose slightly, while yields on 10-year Treasuries maintained an earlier decline; the dollar remained lower after the decision
 "Fed signals bond-buying taper may start soon, split on 2022 hike")
Janet Yellen renews call to raise debt limit to avoid 'catastrophe'
"Neither delay nor default is tolerable" and lawmakers must act quickly, Yellen added
 "Janet Yellen renews call to raise debt limit to avoid 'catastrophe'")
Global markets fall after data shows US inflation cooling
MSCI's world stocks benchmark fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy and financials falling the most.
 "Global markets fall after data shows US inflation cooling")
Democrats may propose raising corporate tax rate to 26.5%: Report
Ways and Means Committee set to debate proposal on Tuesday
 "Democrats may propose raising corporate tax rate to 26.5%: Report")
US initial jobless claims fall by most since late June in week
Continuing claims for state benefits fell to 2.78 million in the week ended Aug. 28.
 "US initial jobless claims fall by most since late June in week")
Investors betting on 'stable' choice of renomination of Powell as Fed chair
Wall Street is widely expecting that Powell, who was nominated for the role by President Donald Trump in 2017, will be renominated by President Joe Biden for another four-year stint.
 "Investors betting on 'stable' choice of renomination of Powell as Fed chair")
Inequality has cost the US nearly $23 trillion over the past 30 years
The new research adds to a growing body of literature that seeks to measure the impact of inequality in the US Last year
 "Inequality has cost the US nearly $23 trillion over the past 30 years")
Five challenges the US Fed chief may face in the next four years
Progressive Democrats want the Fed to take on a more expansive role in the economy, by beefing up efforts to bolster employment, heading off climate risk and addressing inequality
Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO
Business Standard brings you the top stories this evening
 "Top headlines: Maruti to recall 180k vehicles; Snapdeal weighs $400-mn IPO")
US economy adds just 235,000 jobs in August amid Delta surge, a 7-month low
Employment in leisure and hospitality was flat in August
 "US economy adds just 235,000 jobs in August amid Delta surge, a 7-month low")
Oil prices rise on US' economic recovery hopes, weaker dollar
The number of Americans filing new claims for jobless benefits fell last week, while layoffs in August dropped to their lowest level in more than 24 years
 "Oil prices rise on US' economic recovery hopes, weaker dollar")
US trade deficit narrows slightly to $70.1 billion in July
The US trade deficit narrowed slightly to $70.1 billion in July as economic recovery overseas helped boost American exports while imports declined
 "US trade deficit narrows slightly to $70.1 billion in July")
United States initial jobless claims decline to fresh pandemic low
Continuing claims for state benefits fell to 2.7 million in the week ended Aug. 21.
 "United States initial jobless claims decline to fresh pandemic low")
Gold steady as investors await US jobs data to gauge Fed's taper path
Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.
 "Gold steady as investors await US jobs data to gauge Fed's taper path")
US jobs miss pushes dollar to multi-week lows as traders wait on payrolls
The dollar loitered around multi-week lows on Thursday, pressured by softer-than-expected US labour data as traders awaited a fuller jobs readout
 "US jobs miss pushes dollar to multi-week lows as traders wait on payrolls")
Optimistic valuations
Markets continue to run ahead of fundamentals
 "Optimistic valuations")