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Will dollar continue its ascent after this week’s Fed meeting?

The US dollar index gained strength on Friday after trading stable around 90 all through the week. The index rose in the US session on Friday and has closed at 90.51, up 0.38 per cent for the week. The euro falling sharply from 1.2193 to a low of 1.2093 on Friday aided the dollar index […]

Plenty of growth, not enough workers or supplies for U.S. economy

Employers last month added 559,000 jobs on top of 278,000 in April. Those would ordinarily be seen as quite healthy numbers. Yet against the backdrop of record-high job openings and free-spending consumers, forecasters had expected much more hiring. Some economists had envisioned the recovery from the pandemic recession driving monthly job growth of 800,000, 900,000, […]

G7 leaders promise to share Covid jab doses, energise global economy

The leaders opened the three-day summit on Friday with expectations of a pledge to donate one billion vaccine doses to poor countries this year and the next. But, campaigners described the pledge as far too little, too late. G-7 leaders, and European Commission President Ursula von der Leyen, European Council President Charles Michel sit around […]

Letters: Reject the feds’ added unemployment benefits and boost the economy | Letters

Gov. John Bel Edwards should reject the $300 a week extra unemployment checks. Most of the states whose governors have rejected the feds’ $300 a week extra, on top of regular unemployment checks, have more prosperous economies than Louisiana. They also have a lower unemployment percentage than Louisiana’s 7.3% April 2021 unemployment rate. A trip […]

UPDATE 1-IMF forecasts robust economic growth for Guatemala through 2023

(Updates with details) June 11 (Reuters) – Guatemala’s economy is expected to expand by 4.5% this year according to a projection from the International Monetary Fund (IMF) released on Friday, as Central America’s biggest market begins to recover from a pandemic-induced slump. The Washington-based international lender sees 2021 growth prospects bolstered by a U.S. economic […]

PRECIOUS-Gold eases as dollar firms on bets for ‘transitory’ inflation

* Gold slips below $1,900/oz mark * U.S. CPI rises 0.6% in May * Palladium on track for a weekly decline (Recasts, adds comment, updates prices) June 11 (Reuters) – Gold prices edged lower on Friday as the dollar held steady with some investors betting on rising U.S. consumer prices being temporary. Spot gold was […]

Posen Says U.S. Economy Is in ‘Very Good Shape’

June 11th, 2021, 1:19 AM GMT+0000 Adam Posen, a former Bank of England policy maker and now president of the Peterson Institute for International Economics, discusses the prospects of the U.S. economy, fiscal and monetary policies. He also talks about the disputes between the U.S. and China. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.” […]

How COVID forced the planet’s luckiest raincheck

But commitments are one thing. Delivery is another. To give you a sense of the challenge to deliver necessary emissions cuts, remember that in 2020 the pandemic temporarily shuttered billions of businesses around the world. As offices, factories and vehicles fell idle, global CO2 emissions fell by about 7 per cent. Now imagine this: the […]

Florida Rep. Byron Donalds says Black America struggling under Biden economic policies

Rep. Byron Donalds, R-Fla., on how Biden economic policies are impacting Black Americans. Rep. Byron Donalds, R-Fla., argued President Biden’s economic policies are hurting Black America during an interview on FOX Business’ “Mornings with Maria.” BIDEN’S BUDGET PROPOSAL: WHAT TO KNOW REP. BYRON DONALDS: One thing is very clear, this proposal — this budget proposal, if […]

New York Rents Appear Close to Bottom

After a year of record price declines, lease signings are up and landlords are pulling back on rent concessions.After months of record price cuts and concessions, New York City’s rental market appears to be turning the corner, but it could be at least a year before prices return to their pre-Covid peak, according to two new reports.In May, the median rent in Manhattan, including concessions, was $3,037 a month, up 8.8 percent from the previous month — the biggest monthly increase in nearly a decade, according to the brokerage Douglas Elliman. Even with the sharp increase, the price was still 11.1 percent below the median rent a year earlier, and 14 percent below the recent peak, when median rent reached $3,540 in April 2020.While the warmer months tend to see increased activity, the rise suggests more than a seasonal upswing, said Jonathan J. Miller, a real estate appraiser and the author of the report. There were 9,491 leases signed in May, breaking the record set just one month prior for the most signings since 2008.“The market, with all this new leasing activity, is beginning to stabilize,” Mr. Miller said. “It’s finding a bottom.”The same is true in Brooklyn and Queens,