Unemployment claims in the United States dropped even further to mark another low since the COVID-19 pandemic for the third consecutive week, the Labor Department reported. Initial unemployment claims fell 13,000 to 553,000 for the week ending April 24. The previous week's claims were revised higher by 19,000 to 566,000.The four-week moving average fell by 44,000 to … [Read more...] about U.S. Jobless Claims Continue To Mark Pandemic Low
Forex News
U.S. GDP Beats Expectations With 6.4% Growth In First Quarter
The United States economic growth beat market expectations after growing by 6.4% in the first three months of the year, the Commerce Department reported. Economists surveyed by Dow Jones expected the gross domestic product at 6.5% for the quarter. The growth was driven by higher personal spending, federal government spending, and state and local government … [Read more...] about U.S. GDP Beats Expectations With 6.4% Growth In First Quarter
What You Need to Know About Fed Chair Powell’s Latest Statements
The U.S. Federal Reserve chose to keep policy rates unchanged in its meeting this week but noted that economic activity is growing, according to CNBC. Chair Jerome Powell said the Fed will wait for inflation to rise to the 2% target before reconsidering the target range of 0 to 0.25%, which remains "appropriate."It will take some time for inflation to move up persistently, … [Read more...] about What You Need to Know About Fed Chair Powell’s Latest Statements
U.S. Trade Deficit Up $3.5 Billion In March
The United States' international trade deficit widened by $3.5 billion in March from the previous month, the Census Bureau reported. The trade deficit was recorded at $90.6 billion in March from $87.1 billion in February.Exports rose by $11.4 billion to $142 billion, while imports grew by $14.9 billion to $232.6 billion.Wholesale inventories jumped 1.4% (±0.4%) to $693.4 … [Read more...] about U.S. Trade Deficit Up $3.5 Billion In March
Federal Reserve Widely Expected To Keep Dovish Stance
Federal Reserve Chair Jerome Powell is likely to maintain his dovish stance during the policy meeting this week, according to Bloomberg. The Federal Open Market Committee (FOMC) is widely expected to maintain its bond buying program at $120 billion monthly.An economist said the Fed is pushing to maintain economic support as there is not enough evidence of a recovery, and … [Read more...] about Federal Reserve Widely Expected To Keep Dovish Stance
