Tag: US economy
US economyGood fourth quarter for US economy: GDP expands at 3% annual rate
The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012.
US economy creating jobs at fastest pace in months: unemployment drops to 8.3%
The US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3%, indicating last quarter's growth carried into early 2012.
Fed anticipates exceptional low level rates at least through mid 2013
The Federal Reserve on Tuesday made no changes to its interest rate policy but left the door open for further monetary easing next year depending on the impact of strains in the global financial markets (Europe’s debt problems).
Global markets slide overwhelmed by negative news
Global markets fell Wednesday after more evidence emerged that the global economy is faltering fast and that the Euro zone is heading for a recession as the debt crisis spreads to the bigger economies like Italy and Spain.
Obama upbeat with the EU deal and improved performance of the US economy
President Barack Obama said on Thursday that European Union leaders have laid “a critical foundation” to solve the Euro zone debt crisis with their deal announced Wednesday evening.
Fed injects more ‘accommodation’ liquidity to bonds’ market and housing
With three dissenting members the Federal Reserve announced on Wednesday further efforts to prop the US economy launching an accommodation program to put more downward pressure on long-term interest rates and increase its support for housing.
US non partisan agency forecasts slower growth and 9% unemployment in 2012
US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said on Tuesday.
US trade deficit drops significantly in July as exports climb and oil prices fall
The U.S. trade deficit in goods and services dropped 13.1% in July to 44.8 billion dollars, the Commerce Department said Thursday.
Review on US economy for Fed’s next meeting shows slow growth, weak activity
The US economy continues to grow slowly, with patches of weaker activity, the Federal Reserve said Wednesday in a report used by the central bank in setting monetary policy.
World markets collapse on fears US economy is stalling and dismal jobs data
Fears that the US economy is stalling and may be heading back into recession caused a severe slump in stock markets around the world on Friday. With European indexes already shaken by concerns with Greece and the Euro, worse-than-expected US jobs data drove investors to unload stocks.
