Browsing: Economy

Is it over yet? Still no recession end date as U.S. economy hums along
The U.S. economy is growing at its fastest rate since the early 1980s while household bank accounts are bulging with cash doled out by the federal government to blunt the impact of the coronavirus pandemic.Over 900,000 jobs were added in March and a Reuters poll of economists expectsjust under one million more for April, although some forecasters e...
Rates may have to rise somewhat to keep economy from overheating
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending."It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat," Yellen said during an e...
Is the US Economy Recovering or Overheating? by J. Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico d...
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...
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 ...
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...
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