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US economic growth

US yields rise after report on Biden's $6 trillion budget
Markets

US yields rise after report on Biden's $6 trillion budget

  • Thursday's data on US jobless claims and first-quarter gross domestic product growth also helped extend Treasury yields. Both reports showed the US economy was on a stable path to recovery from the pandemic.
  • Investors are also awaiting the Treasury's sale of $62 billion in 7-year debt later on Thursday, after strong 2-year and 5-year note auctions on Tuesday and Wednesday.
Published 27 May, 2021 06:36pm
US economy accelerates in first quarter; jobless claims edge lower
World

US economy accelerates in first quarter; jobless claims edge lower

  • Still, the economy remains at least a couple of years away from fully recovering from the pandemic recession, which started in February 2020.
  • Former President Donald Trump's government provided nearly $3 trillion in relief money early in the pandemic, leading to record GDP growth in the third quarter of last year.
Published 29 Apr, 2021 05:39pm
Fed to support economy until recovery 'well and truly done,' Clarida says
World

Fed to support economy until recovery 'well and truly done,' Clarida says

  • It will take some time for economic activity and employment to return to levels that prevailed at the business cycle peak reached last February. We are committed to using our full range of tools to support the economy until the job is well and truly done.
  • The Fed now sees the US unemployment rate falling to 3.5%, roughly where it was before the pandemic, by the end of 2023.
Published 25 Mar, 2021 07:54pm
China stocks surge
Markets

China stocks surge

SHANGHAI: China stocks rose on Thursday, driven by gains in consumer and healthcare firms, after the US Federal...
Published 19 Mar, 2021 05:32am
S&P affirms US debt rating at AA+
Business & Finance

S&P affirms US debt rating at AA+

  • However, the agency cautioned that "ratings are constrained by high general government debt and fiscal deficits, both of which worsened in 2020 following the economic shock caused by the pandemic."
Published 17 Mar, 2021 10:44am