Trends - US economic growth - Business Recorder

US economic growth

Fed signals rate hikes for 2023

WASHINGTON: The Federal Reserve on Wednesday brought forward its projections for the first post-pandemic interest...

Published 17 Jun, 2021 03:27am

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

Business & Finance

Yellen tamps down inflation fears over Biden spending plan

WASHINGTON: US Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden’s plans for...

Published 03 May, 2021 04:39am

Business & Finance

Fiscal stimulus powers US economic growth in Q1

WASHINGTON: US economic growth accelerated in the first quarter as the government gave money to mostly lower-income...

Updated 30 Apr, 2021 10:31am

Business & Finance

Early trade in New York: Dollar sluggishness persists

NEW YORK: A report of strong US economic growth in the first quarter did little to bolster the dollar on Thursday,...

Updated 30 Apr, 2021 10:31am

Markets

Dollar sluggishness persists after strong US GDP data

Strong GDP does little to boost dollar.
Fed's Powell quashes tapering talk, Biden touts spending.
CAD lifted to three-year high.

Published 29 Apr, 2021 08:22pm

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

Markets

Hong Kong stocks higher at lunch

The Hang Seng Index was up 0.80 percent, or 232.17 points, to 29,201.88 at the lunch break.

Published 19 Apr, 2021 10:37am

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

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

Markets

Dollar flat to slightly up ahead of Fed guidance

US 10-year yields jump to 13-month high.
Fed 2023 rates projections under scrutiny.
Euro may be hampered by delay in vaccine rollouts.
Rouble falls after Biden issues warning on Putin.

Published 17 Mar, 2021 09:00pm

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

Markets

Dollar at 3-1/2-month high on firmer yields, US growth

"If the data is not as jacked-up as the market thinks it will be, then I think we'll probably have a bit of a dollar pullback," he said.

Published 09 Mar, 2021 10:17am

Markets

Wall Street brushes off political turmoil, looks to economic rebound

The benchmark S&P 500 index stands near record highs while bond yields have rallied to their highest levels since the pandemic began.
It's a market that actually says, 'We are investing for 2021 and we see explosive economic growth in the back half of this year.

Published 13 Jan, 2021 08:20pm

Business & Finance

Fed's Mester says policy will stay accommodative for 'quite some time'

Fed policymakers remain "fully committed to using our policy tools to achieve our goals, in support of a broad-based and sustainable recovery," Mester said.

Published 05 Jan, 2021 10:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

US economic growth

Most Popular