Page 41 - Us Economy
American Renaissance has begun
Nobody knows where this national journey of discovery will take us, but the voyage has begun
 "American Renaissance has begun")
US Fed prepping the markets for taper; a correction will be good: Analysts
Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development
 "US Fed prepping the markets for taper; a correction will be good: Analysts")
US unemployment claims tick up to 412,000 from a Covid pandemic low
Though jobless claims have tumbled since the start of 2021, when they exceeded 900,000, they remain high by historical standards.
 "US unemployment claims tick up to 412,000 from a Covid pandemic low")
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")
US Fed holds rates at zero, projects two hikes by the end of 2023
"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday
 "US Fed holds rates at zero, projects two hikes by the end of 2023")
Reopening US economy heat up inflation; labour market recovery gets a boost
May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory
 "Reopening US economy heat up inflation; labour market recovery gets a boost")
Oil prices hits two-year highs on rising economic demand expectations
Brent futures rose 30 cents, or 0.4%, to settle at $72.52 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 33 cents, or 0.5%, to end at $70.29
 "Oil prices hits two-year highs on rising economic demand expectations")
Dollar stuck near 5-month low as caution reigns ahead of US CPI, ECB tests
Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound
 "Dollar stuck near 5-month low as caution reigns ahead of US CPI, ECB tests")
US employers post a record 9.3 million job openings in April
US employers posted a record 9.3 million job openings in April with the US economy reopening at break-neck speed.
 "US employers post a record 9.3 million job openings in April")
US job growth picks up in May; unemployment rate declines to 5.8%
Economists polled by Reuters had forecast 650,000 jobs created in May.
 "US job growth picks up in May; unemployment rate declines to 5.8%")
US private sector adds 978,000 jobs in May, biggest gain in 11 months
Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report
 "US private sector adds 978,000 jobs in May, biggest gain in 11 months")
US firms face rising costs, labour shortages amid supply chain disruptions
US firms are facing rising costs and labour shortages amid supply chain disruptions, according to a Federal Reserve survey
 "US firms face rising costs, labour shortages amid supply chain disruptions")
Gold edges lower as dollar firms; focus on US economic data, Fed policy
On Tuesday, gold prices hit their highest level since January 8 at $1,916.40
 "Gold edges lower as dollar firms; focus on US economic data, Fed policy")
Asia shares off three-month highs, caution ahead of US economic data
Asian shares were a touch below a recent three-month top with China a tad weaker as investors weighed inflation concerns ahead of key US economic data while oil prices rose to near 1-1/2 year highs
 "Asia shares off three-month highs, caution ahead of US economic data")
Wall Street treads water ahead of key economic data; AMC soars
(Reuters) - The S&P 500 was little changed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called "meme stocks."
 "Wall Street treads water ahead of key economic data; AMC soars")
US economy making welcome progress but still far from goals: Fed's Brainard
Some of the factors fueling current strong growth, including fiscal spending and the rush by households to take advantage of a broader economic reopening, are likely to fade over time, Brainard noted
 "US economy making welcome progress but still far from goals: Fed's Brainard")
Best of BS Opinion: Distant thunder in world economy, rocket rupee & more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Distant thunder in world economy, rocket rupee & more")
The rocket rupee
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai
 "The rocket rupee")
Distant thunder in the world economy
We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation
Outright economic boom is missing from the Joe Biden revival budget
Economic growth is strong in 2021 and 2022 - but strong enough only to return the economy to its pre-pandemic trend line, not to surge above the trajectory it was on throughout the 2010s
 "Outright economic boom is missing from the Joe Biden revival budget")