US Economic Growth Will Top 3% Next Year
White House economic adviser Kevin Hassett predicts that US economic growth will defy expectations again in Y 2019 because of a business investment boom and President Donald Trump’s.....»»
Need to Know: The Fed won’t taper until 2023 at the earliest, says former White House economist. Here’s why.
2021 will be an incredible year of economic growth. But next year won't, says a former Trump administration economist and longtime Wall Street veteran......»»
With stimulus cash and jobs spike, U.S. emerges as main engine for global economic recovery
U.S. demand for goods and services this year is expected to spill well beyond U.S. borders, making the United States the largest single contributor to global growth for the first time since 2005, according to Oxford Economics......»»
Key Words: ‘It could take more than a year to dig out of the total jobs shortfall’
March marked the strongest job growth the country has seen since the initial recovery faded last summer, but the recovery has still a long way to go, said the Economic Policy Institute, a progressive think tank......»»
US economic growth will hit 7% this year on major stimulus boost, BofA says in latest upgrade
The $1.9 trillion stimulus plan approved this month contributed to a 45% jump in card spending from a year ago as of March 20, BofA economists said. People shopping at the Union Square Greenmarket as New York City continue.....»»
US tech stock futures slide as 10-year yield surges past 1.7% after Fed raises growth and inflation forecasts
US bond yields rose sharply in European trading after the Fed decision, dealing a fresh blow to tech stocks. Fed chair Jerome Powell said the central bank was not thinking of cutting back on economic support Mark Wilson/Getty Images The key U.....»»
Fed boosts U.S. economic growth projection to 6.5% this year, holds rates near zero
Growth this year is set to be the fastest since 1984, but higher inflation looms as a threat. Growth this year is set to be the fastest since 1984, but higher inflation looms as a threat......»»
Economic Preview: The U.S. economy is showing some sparkle again, but the dark days are far from over
The U.S. economy is showing signs of emerging from the winter frost of the coronavirus pandemic that set in at the end of last year, but that doesn't mean growth is going to heat up quickly......»»
Seattle falls out of top 10 in annual ranking of best-performing cities
Seattle slipped from its eighth-place spot last year thanks to its "dismal" short-term job growth and a low housing affordability score. Still, the study found Seattle’s strength in cloud computing positions it well for an economic recovery......»»
The "roaring 20s" will spark a multi-year commodity supercycle as economic growth rebounds, JPMorgan says
The energy sector is up 18% year-to-date as of Wednesday's close, making it the b.....»»
Wells Fargo invests in six Black-owned banks for Black History Month
Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities. .....»»
The Fed: U.S. economic growth could surpass China this year, and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
While President Joe Biden and Congressional Democrats insist the economy needs another $1.9 trillion stimulus package, St. Louis Fed President James Bullard thinks the economy is already on track for solid growth this year......»»
The Fed: U.S. economic growth could surpass China this year and Democrats may be better off spending stimulus money on something else, Fed’s Bullard says
While President Joe Biden and Congressional Democrats insist the economy needs another $1.9 trillion stimulus package, St. Louis Fed President James Bullard thinks the economy is already on track for solid growth this year......»»
Taiwan 4Q20 economic growth hits 10-year high
Taiwan's economic growth for fourth-quarter 2020 is estimated at 4.94%, the highest quarterly level since 2011 and 1.66pp higher than the 3.28% forecast in November 2020, according to the Directorate General of Budget, Accounting and Statistics (DGBAS)......»»
2020 was the worst year for economic growth since World War II
New federal data offers comprehensive snapshot of a year marred by staggering job losses, waves of small-business closures and mounting inequality......»»
2020 was the worst year for economic growth since the Second World War
New federal data offers comprehensive snapshot of a year marred by staggering job losses, waves of small-business closures and mounting inequality......»»
"Happy New Year has a caveat": Philadelphia Fed president optimistic but expects bumpy start to 2021
Federal Reserve Bank of Philadelphia President Patrick T. Harker said that while Covid-19 will likely hit the beginning of 2021 hard, he has hope for economic growth in the latter half of the year......»»
Fed"s Evans says "reasonable" to expect U.S. to return to growth after June
Chicago Federal Reserve Bank President Charles Evans said on Tuesday that it's "reasonable" to expect a return to economic growth in the second half of the year, but that such an outcome is only slightly more likely than other, more pessimistic views......»»
The Fed: Fed’s Evans sees return to economic growth after June but admits pessimistic scenarios are almost as likely
Chicago Fed President Charles Evans said Tuesday it is reasonable to expect a return to growth in the second half of this year, but said more pessimistic scenarios are almost just as likely......»»
Economic Report: Three years of eurozone economic growth wiped away as ECB’s Lagarde forecasts big drop for the year
Three years of the eurozone economy have been wiped away, and it is likely going to get worse......»»
GDP declined in first quarter, with worse economy to come
The coronavirus pandemic officially snapped the United States’ economic growth streak in the first three months of the year. The question now is how deep the damage will get — and how long the.....»»