In an interview with Fox News, White House economic adviser Larry Kudlow, does not believe the US economy is slowing down, Reuters reports. Mentioned that the White House is working to repurpose unused relief funds for a specific coronavirus relief package. As for the coronavirus vaccine, Kudlow estimates that “most likely” there will be 20 […]
Tag: United States
We have a lot of firepower left – Mnuchin
The United States Secretary of the Treasury, Steven MnuchinHe said in an interview with CNBC on Friday, they still have tools and firepower left to boost the economy, if necessary, as reported by Reuters. Mnuchin spoke out about the recent controversy over emergency credit lines, stating: “It was clear that Congress intended for the Fed’s […]
Sales of existing homes surprise with a 4.3% rise in October
The sale of existing homes in October registered an advance of 4.3%, to 6.85 million (annual rate), which generated a surprise as a drop was expected from the September reading of 6.57 million (revised from 6.54 million) to 6.45 million. The data had no impact on the market. Previously on Thursday there had been a […]
West Africa and Southeast Asia: where Valencian exports play the post-Covid future
The recovery of the Valencian economy in 2021 will be based, once again, on exports. The export sector was key to getting back on track after the 2008 financial crisis and, again, it will depend on him whether the economy recovers after the bump that the coronavirus crisis has meant. Now, after the pandemic, some […]
Philly Fed Manufacturing Index falls less than expected in November to 26.3
Philly Fed falls in November, but exceeds expectations. The main index of the Manufacturing survey from the Philadelphia Federal Reserve regional bank showed a November drop from 32.3 to 26.3, A figure that despite the decline was better than the market consensus which was 22. The report highlights that it is the sixth consecutive positive […]
Initial claims for unemployment benefit unexpectedly rise last week to 742,000
Initial claims for unemployment benefit rise unexpectedly. Continued orders fall more than estimates to new lows since March. The Labor Department reported Thursday that Initial claims for unemployment benefits increased by 31,000 in the week ended November 14 to 742,000. The market consensus was for a reading of 707,000. In this way, the initial orders […]
U.S. Treasury Holdings Fall to Lowest Since February 2017
The Proportion of US government bonds held by foreign investors continued to decline in September, and China held the lowest amount since February 2017, according to Bloomberg. Japan, the largest foreign holder, also dumped holdings for the second consecutive month. However, lhe purchases of Federal Reserve bonds have offset the drop in external demand for […]
Housing starts jump 4.9% in October, to eight-month highs
US housing starts and building permits data for October was mixed, including a positive surprise. The Housing starts went from 1.459 million in September to 1.53 million in October, beating the market consensus that was for 1.46 million. It is the highest reading since February. Regarding the building permits, remained at 1,545 million, with a […]
Atlanta Fed GDP now rises to 5.4% for the fourth quarter
The real gross domestic product (GDP) in the United States is expected to grow 5.4% in the fourth quarter of 2020, compared with 3.5% on Nov. 6, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Tuesday. “Following the release of recent data from the US Bureau of Labor Statistics, the […]
McConnell Says Senate Still Wants To Pass Extra Help For COVID-19
United States Senate Majority Leader Mitch McConnell said Tuesday that Senate still wants to approve additional help for COVID-19, as reported by Reuters. “I hope Congress can reach a good bipartisan agreement on the government funding measure by the end of this week.“McConnell added.” The next few days will show if Congress can agree to […]
