Page 45 - Us Economy

US jobless claims fall sharply to 684,000, fewest since pandemic outbreak

That pace is widely expected to accelerate in the coming months, fueled by substantial government rescue aid

Fed's Powell expects inflation to bump up, but not get out of hand

Powell is appearing before the committee along with Treasury Secretary Janet Yellen as part of Congressional oversight of the government's response to the pandemic

Joe Biden's administration to outline 2022 budget priorities next week

The Biden administration will next week release its proposed discretionary budget for fiscal 2022, providing insight into the president's top priorities and laying down a marker for Congress

Biden administration weighs $4 trillion in fresh economic spending

The price range does not include separate proposals to make child tax credits and other benefits to lower-income Americans

Joe Biden eyes $3 trillion package for infrastructure, schools, families

Fresh off passage of the COVID-19 relief bill, President Joe Biden is assembling the next big White House priority, a sweeping $3 trillion package of investments on infrastructure and domestic needs

Existing US home sales fell in February, while prices increased

Sales of previously occupied US homes slowed last month

Best of BS Opinion: Cannabis is no longer 'dangerous', gold loan, and more

Here's a selection of Business Standard opinion pieces for the day

Is global turbulence likely?

The US Fed has learned from the "taper tantrum", and will carefully choreograph words and deeds in the coming years

Facebook lifts S&P 500 and Nasdaq as US Treasury yields pause

Reversing a recent trend, so-called growth stocks mostly outperformed value stocks viewed as more likely to outperform as the economy recovers from the coronavirus pandemic

Jerome Powell is in it to win it despite bond-market inflation fear

Fed chair makes clear FOMC will only react to actual data

US Fed to let leverage exemption expire on March 31, will review rule

Shares of the largest US banks dropped in pre-market trading on Friday immediately following the Fed's announcement

US jobless claims in last week increase to 770,000: Labour department

Unemployment claims in the US last week increased to 770,000, indicating the disruption in the labour market recovery, the Labour Department reported

Fed's Jerome Powell faces political test on bank capital relief issue

On March 31, an emergency pandemic regulatory relief measure that for the past year has allowed Wall Street banks to hold less loss-absorbing capital against certain assets is due to expire

United States weekly unemployment claims unexpectedly increase

Federal Reserve Chair Jerome Powell told reporters on Wednesday that "conditions in the labor market have turned up recently"

US Fed expects growth surge, inflation jump in 2021 but no rate hike

The US economy is heading for its strongest growth in nearly 40 years, the Fed said, and central bank policymakers are pledging to keep their foot on the gas despite an expected surge of inflation

Fed sees growth surge, jump in inflation this year but no change on rates

Fed sees 2021 GDP growth of 6.5%, unemployment at 4.5%; Powell says worst economic outcomes of pandemic avoided

Powell says Fed will announce update on SLR exemption in coming days

An exemption on the "supplemental leverage ratio" was put in place at the start of the coronavirus pandemic to encourage big banks to lend and support bond and short-term funding markets

Federal Reserve likely to forecast biggest economic boom in a generation

Markets predict the Fed may be forced to act sooner than expected

Tech stocks lift S&P 500, Nasdaq as Federal Reserve meeting kicks off

Apple biggest boost to S&P 500, Nasdaq; retail sales drop more than expected in Feb

Winter storms hammer US manufacturing production in February

Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday