Page 50 - Us Economy
Gold and Brent crude rise over 1% after Janet Yellen's 'act big' call
Spot gold gained 1.18 per cent to $1,862.10 per ounce by 8.20 pm IST, having risen 1 per cent to a near one-week high earlier
 "Gold and Brent crude rise over 1% after Janet Yellen's 'act big' call")
Sensex rises 394 points to 49,792, Nifty at 14,645; RIL jumps 1.9%
"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking
 "Sensex rises 394 points to 49,792, Nifty at 14,645; RIL jumps 1.9%")
Oil above $56 on US stimulus hopes ahead of Joe Biden inauguration
US Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act big" on pandemic relief spending
 "Oil above $56 on US stimulus hopes ahead of Joe Biden inauguration")
Sensex, Nifty soar 1.7% on US stimulus hope; HDFC, RIL and ICICI Bank gain
Indices recoup most of the losses of last 2 sessions
Janet Yellen says Biden's focus now is providing relief, not raising taxes
Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level
 "Janet Yellen says Biden's focus now is providing relief, not raising taxes")
Donald Trump's legacy: A more divided America, a more unsettled world
Trump leaves behind an even more polarized America, where thousands are dying daily from the Covid-19 pandemic, the economy is badly damaged and political violence has surged
 "Donald Trump's legacy: A more divided America, a more unsettled world")
Janet Yellen faces Senate to sell $1.9 trillion stimulus package
The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes
 "Janet Yellen faces Senate to sell $1.9 trillion stimulus package")
Covid-19: Optimism rises for deal on nearly $1 trn relief package in US
House Speaker Nancy Pelosi, D-Calif., said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the biggest hurdle to a sealing a deal
 "Covid-19: Optimism rises for deal on nearly $1 trn relief package in US")
Treasury nominee Janet Yellen to say US does not seek weaker dollar: Report
The Treasury secretary nominee will make clear at a Senate confirmation hearing that the United States does not seek a weaker dollar
No high inflation or fiscal crisis in the US but …
Monetary base issued by the Fed had jumped from less than $1 trn before the GFC to more than $3 trn by early 2020 and then to about $5 trn by end of the year. But inflation has hardly gone up. Why?
President-elect Biden planning decree blitz to tear up Trump work on Day 1
Rejoining Paris climate change accord on top of a big stimulus plan on cards
 "President-elect Biden planning decree blitz to tear up Trump work on Day 1")
Federal Reserve to stick to super-easy policy amid economic 'lull'
Analysts are penciling in faster economic growth now that vaccines are rolling out and with a Congress now controlled by Democrats more open to big government spending than Republicans typically are
 "Federal Reserve to stick to super-easy policy amid economic 'lull'")
Joe Biden's $1.9-trillion plan offers bridge for hard-hit economy
The incoming Democratic administration's proposed package provides targeted aid that economists say delivers the most effective economic boost
Biden promises aid to small business in Covid-19 'American rescue plan'
Aid to small businesses, extended unemployment support and food assistance are some of the key elements of the American rescue plan
'Not the time' to discuss any change to bond purchases: Fed's Powell
Powell promised that would be the case with the current purchases as well.
 "'Not the time' to discuss any change to bond purchases: Fed's Powell")
Wall Street brushes off political turmoil, looks to economic rebound
NEW YORK (Reuters) - The U.S. stock market is mostly unfazed by the political turmoil in Washington and fears of violence ahead of President-elect Joe Biden's inauguration, with investors squarely focused on the probability of another sizeable stimulus package to boost economic growth and the rollout of coronavirus vaccines.
 "Wall Street brushes off political turmoil, looks to economic rebound")
US Federal Reserve sees possible economic boom if vaccine gets on track
One US Federal official says there is now a "clearer focus" about the economy's path forward and a horizon for a fuller recovery. Another says the pandemic's "endgame" is here
 "US Federal Reserve sees possible economic boom if vaccine gets on track")
US job openings fall in November; layoffs rise amid Covid-19 pandemic
U.S. job openings fell in November, while layoffs mounted at restaurants and hotels amid rampant COVID-19 infections, supporting views that the labor market recovery from the pandemic was stalling.
 "US job openings fall in November; layoffs rise amid Covid-19 pandemic")
Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track
After a catastrophic spell when economic conditions were so confounded by the coronavirus that the Fed stopped making projections altogether, U.S. central bankers now like what they see
 "Jabs equal jobs? Fed sees possible economic boom if vaccine gets on track")
President-elect Biden pushes for $2,000 'stimulus check' for Americans
US President-elect Joe Biden has called for a $2,000 "stimulus checks" to his fellow Americans, arguing that the current $600 coronavirus relief payment is not enough
 "President-elect Biden pushes for $2,000 'stimulus check' for Americans")