Browsing: Economy

Economy
U.S. economy faces inflation, tax hikes: experts
The U.S. economy saw a massive drop last year due to the COVID-19 pandemic. With a package of stimulus plans unveiled recently, some economists and Republicans were worried about the possibility of economic inflation and tax hikes. The U.S. economy grew at an annual rate of 6.4 percent in the first quarter of 2021, due to a 2-trillion-U.S. dollar...
Economy
After A Challenging Month, Will The Dollar Recover?
According to the latest data from the Commodity Futures Trading Commission, the net short positions on the dollar reached $10.27 billion against its major peers. That is more than $2 billion net shorts added compared to a week earlier and the highest in six weeks. The dollar’s decline followed three back-to-back monthly gains as data began to show ...
Economy
Dollar falls after Friday’s surge as U.S. data disappoints
The dollar slipped against a basket of currencies on Monday, ceding some of the ground gained in the previous session, as U.S. Treasury yields retreated and lackluster data weighed on the American currencyU.S. manufacturing activity grew at a slower pace in April, likely constrained by shortages of inputs amid pent-up demand unleashed by rising vac...
Economy
Joe Biden’s Great Economic Rebalancing
According to some commentators, President Joe Biden is turning out to be a quiet revolutionary. After he laid out his sweeping agenda to a joint session of Congress last week, reports described it as an epoch-shifting effort to reset the terms of American political economy, much as Ronald Reagan did in the nineteen-eighties (albeit in the opposite ...
Economy
UK dairy firms try to count the cost of churn in post-Brexit trade
A small error in the paperwork – a box ticked by mistake – and the tanker of butter oil was held at French customs for five days, with veterinary authorities at the border threatening to destroy it. The debacle nearly cost the tanker’s exporter, dairy company County Milk, a six-figure sum. After fraught negotiations, the cargo was eventually repatr...
Economy
UK’s rising debts ‘can be coped with’, says rightwing thinktank
The government should not worry about its rising debt levels, according to an economic thinktank with close links to the Conservative party that was previously a champion of austerity.In the latest sign that attitudes to public debt may be shifting, the Institute of Economic Affairs (IEA) on Monday published a paper by two economics professors sayi...
Economy
Yellen seeks to tamp down concern over US government spending under Biden
The US treasury secretary, Janet Yellen, on Sunday sought to tamp down concerns that Joe Biden’s plans on infrastructure, jobs and families will cause inflation, saying spending will be phased in over a decade.“It’s spread out quite evenly over eight to 10 years,” the former chair of the Federal Reserve told NBC’s Meet the Press.She said the Fed wo...
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