The Conference Board Consumer Confidence Index improved again in February, rising to 91.3 points from January 88.9. The result improves the 90.2 expected. The indicator current situation jumped from 85.5 to 92.00. However the expectations index fell slightly from 91.2 to 90.8. “After three months of consecutive declines in the current situation index, consumers’ assessment […]
Tag: U.S.
House price index rises 1.1% in December
The US FHFA house price index rises 1.1% in December. The House Price Index released by the US Federal Housing Finance Agency (FHFA) showed a 1.1% rise in December after rising 1% in November. This reading was slightly above the market expectation of 1%. Meanwhile, the home price index S&P/Case-Shiller presented a rise of 10.1% […]
The Philadelphia Fed Non-Manufacturing Index rises to 3.9 in February from -17.5
The Philadelphia Fed Non-Manufacturing Index jumps into positive territory in February. The Regional Commercial Activity Index of the The Federal Reserve Bank of Philadelphia’s Non-Manufactured Business Outlook Survey (Philly Fed Non-Manufacturing) improved to 3.9 in February from -17.5 reading in January. Further details from the release revealed that the business activity index rose to 7.5 […]
Fauci affirms that some protocols will be relaxed for those who have been vaccinated
The Centers for Disease Control and Prevention (CDC) in the US. could relax some COVID-19 guidelines for people who have been vaccinated, said Tuesday in an interview with CNN, Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Previously, Fauci noted that vaccines can help the US gain herd immunity against […]
Biden pledged not to raise taxes on those who earn less than $ 400,000 – Janet Yellen
While speaking in the The New York Times DealBook Online Summit on Monday, US Secretary of the Treasury Janet Yellen, said the wealth tax has difficult implementation problems, as reported Reuters. Yellen further noted that the President of the United States, Joe Biden, is committed to not raising taxes on those who earn less than […]
Slow recovery will come at a fiscal cost – Janet Yellen
The United States Secretary of the Treasury, Janet Yellen, said on Monday that the fiscal stimulus should guarantee people’s lives and that livelihoods are not permanently affected by the pandemic, Reuters reported. “The success of the stimulus would mean returning to pre-pandemic unemployment levels, restoring jobs in the service sector,” Yellen said. He added that […]
Chicago Fed National Activity Index improves to 0.66 in January surpassing the expected 0.4
The Chicago Fed National Activity Index improved modestly in January. Next data: Dallas Fed Business Index at 15:30 GMT. The National Activity Index of the Federal Reserve Bank of Chicago (CFNAI) rose to 0.66 in January from 0.41 in December Y exceeded expectations from the market consensus of 0.4%. “The CFNAI diffusion index, which is […]
Chinese Foreign Ministry Says US and Europe Should Work Together with China to Defend Multilateralism
After US President Joe Biden called on democracies to coordinate their approach to China last Friday, the China’s Foreign Ministry said the United States and Europe should work together with them to uphold multilateralism. The Chinese Foreign Ministry has also urged Washington to lift sanctions and stop interfering in the internal affairs of the country. […]
Iran’s Foreign Minister Abbas Araghchi denies hopes of peace between Washington and Tehran
The Iran’s Deputy Foreign Minister, Abbas Araghchi, made a statement saying: “Iran did not agree to incorporate its missile program into the Joint Comprehensive Plan of Action (JCPOA) under Trump’s maximum pressure policy and will not allow it under US President Biden’s policy of negotiations.“. In a separate report, released by the Iranian press, the […]
New York Fed GDP increases to 8.3% for the first quarter after this week’s data
The US economy is expected to grow 8.3% in the first quarter of 2021, the latter showed on Friday Nowcasting Report from the Federal Reserve Bank of New York. “News of this week’s data release raised the immediate forecast for 2021: Q1 by 1.6%,” the New York Fed said in its release. “Positive surprises in […]
