Janet L. Yellen, President-elect Joseph R. Biden’s nominee to be Secretary of the Treasury, has said that The United States must make investments to compete with China. Yellen considera a China as the most important strategic competitor from the United States. “China is undermining American businesses by dumping products, erecting trade barriers and granting illegal […]
Tag: U.S.
Difficult months are feared ahead before the vaccine is widely distributed enough
Janet L. Yellen, President-elect Joseph R. Biden’s nominee to be Secretary of the Treasury, said at her confirmation hearing Tuesday that fears difficult months ahead before the vaccine is distributed enough to fully reopen the economy. Yellen has said that we should not view tax increases in the abstract, but in the context of a […]
The University of Michigan consumer sentiment falls back to 79.2 in January from the expected 80
The index of University of Michigan consumer sentiment is down 1.5 points in January’s preliminary reading, standing at 79.2 versus 80.7 in December. The result is below the 80 points expected by the market. The current economic conditions indicator has fallen to 87.7 from 90.0, while the consumer expectations index has fallen to 73.8 from […]
Empire manufacturing index unexpectedly falls to 3.5 January
He New York Fed report on general business conditions in the manufacturing sectoror the New York region (Empire) showed a drop in the general index from 4.9 in December to 3.5 in January. ANDThis was surprising as the market consensus was for a rise to 6. The new orders index advanced three points to 6.6, […]
Producer Price Index rises 0.3% in December, below expectations
He Producer Price Index (IPP) rose 0.3% in December, below the 0.4% increase in the market consensus. The data marks an acceleration with respect to the rise of 0.1% in November. Compared to a year ago, the increase was 0.8%. He IPP without taking into account energy, or power, had a rise of 0.1%, lower […]
Retail sales fall 0.7% in December
He Retail sales report showed figures below expectations. In December registered a 0.7% decline against the expectation of an unchanged reading. In November they had fallen 1.4% (revised down from -1.1%). Regarding the sales without taking into account cars, there was a decrease of 1.4%, higher than the 0.1% drop of the market consensus. The […]
Initial Unemployment Benefit Claims Unexpectedly Jump to Highs Since August
The U.S. Department of Labor reported that Initial claims for unemployment benefits increased by 181,000 in the week ended January 9 to 965,000, level highest since mid-Aughundred. The data was well above the 789,000 of the market consensus. The Continued jobless claims rose by 199,000 in the week ending January 2 to 5,271,000. The data […]
Treasury yields rise on news that Biden will propose a $ 2 trillion stimulus
US Treasury yields have risen on Thursday after news reports indicated that the US president-elect, Joe Biden, is considering a stimulus of 2 trillion dollars, significantly higher than the $ 1.3 trillion recommended by Senator Chuck Schumer. The yield on the 10-year bond has risen from 1.076% to 1.11%, benefiting the US dollar. Meanwhile, the […]
Deese, an adviser to President-elect Biden, says there is no time to waste investing in our recovery
Brian Deese, who will head the National Economic Council of President-elect Joe Biden’s Administration, said Wednesday that need to act quickly to rescue and recover the economy, as reported by Reuters. Additional comments: “We need to offer a significantly more direct assistance to families and businesses“. “no time to lose to start the investment process […]
10-Year Treasury Yield Extends Pre-Auction Fall of 30-Year Bonds
The 10-year US Treasury yield lost nearly 2% on Tuesday, snapping its five-day winning streak. Ahead of the 30-year bond auction at 18:00 GMT, the 10-year Treasury yield continues to decline, losing 2% on the day. in 1.10%. Earlier in the day, data released by the U.S. Bureau of Labor Statistics showed that the CPI […]
