Tag: U.S.

The federal government is rapidly running out of cash and only has $57 billion now as debt ceiling talks hit a new impasse

The Treasury General Account fell to $57.3 billion on Thursday, down from $87.4 billion on Monday and $140 billion on Friday.
— Read on ca.finance.yahoo.com/news/federal-government-rapidly-running-cash-010606567.html

Hot U.S. Inflation Could Stir Once-Sleepy Household Expectations

(Bloomberg) — U.S. inflation is back in the news after being dormant for years, potentially affecting how Americans think about price pressures after not thinking about them much at all.The Federal Reserve says expectations that inflation will stay near its 2% target will help to ensure the current surge in consumer prices, which jumped 5% in May, will be temporary. Chair Jerome Powell can expect questions on this at his post-meeting press conference Wednesday.To explore that assumption and fin
— Read on ca.finance.yahoo.com/news/hot-u-inflation-could-stir-120000499.html

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 – MarketWatch

While President Joe Biden and Congressional Democrats insist the economy needs another $1.9 trillion stimulus package, St. Louis Fed President James Bullard…
— Read on www.marketwatch.com/story/u-s-economic-growth-could-surpass-china-this-year-and-democrats-may-be-better-off-spending-stimulus-money-on-something-else-feds-bullard-says-11612384730

Ultra-Low Interest Rates Here to Stay: 2021 Central Bank Guide – Bloomberg

Central banks are set to spend 2021 maintaining their ultra-easy monetary policies even with the global economy expected to accelerate away from last year’s coronavirus-inflicted recession.
— Read on www.bloomberg.com/news/articles/2021-01-05/ultra-low-interest-rates-here-to-stay-2021-central-bank-guide

Markets Tell the Fed It’s Finally Getting an Edge on Inflation

(Bloomberg) — The $20 trillion U.S. Treasury market is giving the Federal Reserve a thumbs-up for its efforts to revive inflation after the coronavirus pandemic threatened to inflict a damaging bout of deflation on the U.S. economy.The best measure of that is inflation-adjusted interest rates on 10-
— Read on ca.finance.yahoo.com/news/markets-tell-fed-finally-getting-090000751.html

Coronavirus stimulus bill: Senate, White House strike $2 trillion deal

Majority Leader Mitch McConnell said the Senate will pass the legislation later Wednesday. The full text of the bill has not yet been released.
— Read on www.cnbc.com/2020/03/24/coronavirus-updates-congress-gets-closer-to-a-deal-on-massive-stimulus-bill.html