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IMF chief says Fed’s interest rate hikes could affect weaker economies

• Kristalina Georgieva asked countries with higher dollar-dominated debt to act sooner • She said that navigating global economy through 2022 would be complicated owing to different conditions in ever...

By  Yashasvini On  2022-01-21 22:24:00
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US jobless claims rose to 286,000 last week, highest level since October

• Continuing jobless claims jumped to 1.64 million • Claims in California sharply rose but plunged in New York The number of filings for new unemployment benefit claims in the United States has jumped...

By  Arghyadeep On  2022-01-21 01:14:00
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U.S existing-home sales drop in December but annual sales hit highest mark since 2006

• Existing-home sales move downwards from the previous month to an annual rate of 6.18 million • December sales waned 7.1% year on year U.S existing home sales decreased 4.6% in December, ending a thr...

By  Ishika Dangayach On  2022-01-20 21:08:00
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US retail sales plunge 1.9% in December amid Omicron variant concerns

• Retail sales decline 1.9 % in December • Total sales for 2021 were up 19.3 percent from the previous year  US retail sales declined in December due to shortages and a rise in inflation amid the surg...

By  Ishika Dangayach On  2022-01-14 19:17:00
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US producer price surges 0.2% in December, miss analysts estimates

• The PPI move to 9.7 % in 2021, the biggest gain since 2010 • The PPI for final demand climbs 0.2 % last month Producer prices in the United States increased in December as inflation rise continues t...

By  Ishika Dangayach On  2022-01-13 19:13:00
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Jobless claims surge due to spike in Covid-19 cases

•         Initial jobless claims increase to 230,00 last week •         The 4-week moving average edge up to 210,750 The number of people claiming unemployment benefits in the United States increased ...

By  Ishika Dangayach On  2022-01-13 19:06:00
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IMF chief warns of global economic unrest as central banks raise rates to combat inflation

• Central banks must balance inflation and economic recovery: Georgieva • Countries may see increased unrest after two difficult years of economic turmoil from the pandemic International Monetary Fund...

By  Arghyadeep On  2022-01-13 00:37:00
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US inflation reaches 7% in December, highest since 1982

• CPI rose by 0.5 % monthly and 7 % on an annual basis in December • The index rose by 0.6 % and 5.5 %, respectively, excluding food and energy U.S inflation rise rapidly in December at its highest le...

By  Ishika Dangayach On  2022-01-12 19:09:00
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JPMorgan CEO sees 2022 could have best economic growth in decades, with more than four rate hikes

• Dimon said his confidence is increasing from the robust balance sheet of the American consumer • He warned stock market investors might see financial market volatility, which will increase as the Fe...

By  Arghyadeep On  2022-01-11 02:00:00
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U.S. employment rate rises slowly in December amid labor shortage

• Nonfarm payrolls increased by 199,000 jobs last month, the Labor Department said • In November, unemployment rate fell to 3.9% from 4.2% U.S. employment rose at a steady rate in December amid worker...

By  Shubhangi On  2022-01-08 00:17:00
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Jobless claims rise to 207,000 but hover near pandemic low

• Initial jobless claims increased to 207,00 last week • The 4-week moving average edged down to 204,500 The number of people claiming unemployment benefits in the United States remained at five-decad...

By  Ishika Dangayach On  2022-01-06 19:09:00
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US private sector employment increased at fastest pace in December, ADP reports

• Private payrolls climbed by 807,000 jobs last month • The service sector added 669,00 jobs while Goods-producing added 138,000 U.S private companies added employment at the fastest pace in December ...

By  Ishika Dangayach On  2022-01-06 17:53:00
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Jobless claims remain unchanged at 205,000 amid tight labor market

• Initial jobless claims increased to 205,00 last week  • The 4-week moving average edged down to 206,250 New claims for unemployment in the United States remain unchanged from the previous week's rev...

By  Ishika Dangayach On  2021-12-23 19:05:00
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Biden extends payment pause for federal student loan borrowing until May 1

• Borrowers have been allowed to pause their monthly bills without interest on their debt since March 2020 • The spike in coronavirus cases due to Omicron variant has added to the uncertainty about th...

By  Shubhangi On  2021-12-23 02:31:00
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U.S. third-quarter GDP revised slightly higher

• Commerce Department revised  GDP to 2.3% for the July-September quarter • Growth in the third quarter was hampered due to strained global supply chains and Hurricane Ida at the end of August as well...

By  Shubhangi On  2021-12-23 00:35:00
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US home sales continue upward in November at fastest rate

• Existing-home sales jumped from the previous month to an annual rate of 6.46 million • November sales were down 2 percent year on year U.S home sales increased 1.9 percent in November from October, ...

By  Ishika Dangayach On  2021-12-22 20:42:00
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US jobless claims increases amid tight labor market

Initial jobless claims increased to 206,00 last week  The 4-week moving average edged down to 203,750, lowest since March 1969 New claims for unemployment in the United States have increased to 206,00...

By  Ishika Dangayach On  2021-12-17 16:40:00
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US Treasury yields edge down as Omicron variant fears grow

The 10-year Treasury note decreased by more than 3 basis point The 30-year Treasury bond yield increased to 1.857 percent The Treasury yield in the United States fell early Friday after a steady incre...

By  Ishika Dangayach On  2021-12-17 16:10:00
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President Biden signs bill raising debt limit into law

• Biden signed a bill that raises debt ceiling to ensure the U.S. does not default on its debt • The bill lifts the government's borrowing limit by $2.5 trillion to about $31.4 trillion President Joe ...

By  Yashasvini On  2021-12-17 02:44:00
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Bank of England raises interest rates amid inflation

• BOE's interest rate was hiked to 0.25% from 0.1% • The pound rose 0.75% against the dollar to $1.336 The Bank of England hiked its interest rate due to increasing inflation, becoming the first major...

By  Shubhangi On  2021-12-17 00:17:00
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