Tag: US

 The U.S. economy grew at a zippy 5.2% annual pace in the third quarter — faster than previously reported — but the surprisingly strong gain appears to have been a one-off.

President Joe Biden and Chinese leader Xi Jinping on Wednesday met for four hours and agreed to restart direct communications between their militaries, cooperate to curb the flow of precursor chemicals for fentanyl and discuss the risks of artificial intelligence as they try to keep their rivalry from spiraling into a conflict.

The consumer price index was expected to increase 0.1% in October and 3.3% from a year ago, according to a Dow Jones consensus estimate.

The U.S. added a modest 150,000 new jobs in October in a sign of a cooling demand for labor, as higher interest rates take a bite out of the economy.

After keeping interest rates on hold for a second consecutive meeting, Powell talked more about how much inflation was slowing, rather than emphasizing how strong growth has been. Traders can read between the lines—another hike seems unlikely.

ADP reported that companies added 113,000 workers for the month, higher than the 89,000 in September but below the estimate of 130,000.

The Treasury Department announced plans Wednesday to accelerate the size of its auctions as it looks to handle its heavy debt load and with financing costs rising.

The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures and a variety of other domestic and global headwinds.

On Aug. 2, billionaire hedge fund titan Bill Ackman revealed he was shorting, or betting against, 30-year Treasury bonds using options. 

LONDON, Oct 23 (Reuters) – The yield on the benchmark 10-year U.S. Treasury note rose above 5.0% on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week.

Consumer prices climbed at an 3.7% annual pace in September, matching the rate set in August as shelter and other services prices remained strong. But growth in core prices, which strips out the volatile food and energy categories, decelerated from August to a 4.1% annual pace, from 4.3% previously.

Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington.

Oct 5 (Reuters) – Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts and promotions, a report from Adobe Analytics showed on Thursday.

ADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.

The US Congress has voted to avert a government shutdown after lawmakers agreed a last-minute measure that keeps the government funded until mid-November but leaves out billions of dollars of aid for Ukraine.

The numbers: Orders for long-lasting goods rose a stronger-than-expected 0.2% in August, but the increase mostly stemmed from higher defense spending as the U.S. sought to replenish military hardware sent to Ukraine.

WASHINGTON, Sept 27 (Reuters) – The fourth partial shutdown of the U.S. government in a decade was four days away on Wednesday, with House Republicans preemptively rejecting a bipartisan bill advancing in the Senate that would fund agencies through mid-November.

Going from zero to 2% was almost no increase. Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility. I am not sure if the world is prepared for 7%.

The federal government is barreling toward a shutdown.

The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.