Page 7 - Us Economic Growth
US economic stimulus: Treasury projects record Q3 borrowing of $947 billion
Treasury officials also announced that the government plans to borrow $1.22 trillion in the October-December period
 "US economic stimulus: Treasury projects record Q3 borrowing of $947 billion")
S&P, Dow fall on grim economic data, US election uncertainty, earnings
Investors also fretted ahead of high-profile earnings reports and expiration of enhanced employment benefits
 "S&P, Dow fall on grim economic data, US election uncertainty, earnings")
Fed chief Powell says coronavirus surge slowing US economic recovery
Powell's comments, made via videoconference after the Fed announced its policy decision to leave interest rates near zero, suggest dimming hopes for a quick economic rebound
 "Fed chief Powell says coronavirus surge slowing US economic recovery")
US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF
The longest economic expansion in US history has been derailed by the unanticipated advent of the Covid-19 pandemic
 "US GDP in Q2 to contract by annualised rate of 37% due to Covid-19: IMF")
Fed survey says economic activity has picked up but outlook remains cloudy
And the report said that business contacts in the Fed's 12 regions remained wary about the future
 "Fed survey says economic activity has picked up but outlook remains cloudy")
US stocks gain as investors weigh Covid-19 impact on economic recovery
The S&P US Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly rise of 6 per cent
 "US stocks gain as investors weigh Covid-19 impact on economic recovery")
US may show record rise in monthly retail sales as people return to work
The US economy dropped into recession in February as the viral outbreak brought a record-long expansion to an abrupt end
 "US may show record rise in monthly retail sales as people return to work")
Fed keeps key rate at zero, projects 6.5% decline in US GDP this year
The pledge to keep monetary policy loose until the US economy is back on track repeats a promise made early in the central bank's response to the coronavirus pandemic
 "Fed keeps key rate at zero, projects 6.5% decline in US GDP this year")
US entered recession in February, ending record-long expansion: Economists
The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn
No 'silver lining': Donald Trump faces voter backlash amid crises
Some Republicans fear voters are simply worn out by Trump. People are just so disgusted with how things are
 "No 'silver lining': Donald Trump faces voter backlash amid crises")
US jobs report surprises analysts, raises hopes of faster economic recovery
Some of the jobs gains reported for May could be a reflection of the Paycheck Protection Program
 "US jobs report surprises analysts, raises hopes of faster economic recovery")
US economy shrank at 5% annual rate in Q1, higher than initial estimate
It was the biggest quarterly decline since an 8.4 per cent fall in the fourth quarter of 2008 during the depths of the financial crisis
 "US economy shrank at 5% annual rate in Q1, higher than initial estimate")
US recession to last for longest time, quick rebound unlikely: Economists
The longest U.S. economic expansion has ended, said Gregory Daco, chief economist at Oxford Economics
 "US recession to last for longest time, quick rebound unlikely: Economists")
Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%
Energy stocks shed 1.9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50%
 "Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%")
Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill
Originally scheduled as a non-working pro forma meeting, the session will be extended to a debate on the bill all conducted under social distancing rules to minimize the risk of transmitting the virus
 "Coronavirus: Washington set to deliver $ 2.2 trillion virus rescue bill")
Trump's election-year budget cuts social expenditure, projects lofty growth
The proposal again abandons the stated goal of closing the budget deficit in 10 years, instead pushing the target date back to 2035
 "Trump's election-year budget cuts social expenditure, projects lofty growth")
Amid impeachment vote, Trump will focus on economic boom in annual speech
President Donald Trump plans to deliver his State of the Union address to a joint session of Congress on Tuesday
 "Amid impeachment vote, Trump will focus on economic boom in annual speech")
US seeing world's biggest economic boom, American dream is back, says Trump
Speaking here at the World Economic Forum (WEF) annual meet, whose theme is 'Stakeholders for a Cohesive and Sustainable World', Trump said it is time for optimism and not pessimism.
 "US seeing world's biggest economic boom, American dream is back, says Trump")
US retail sales miss the mark in Nov, cast shadow on Q4 economic growth
The Federal Reserve on Wednesday kept interest rates steady and signaled that borrowing costs were likely to remain unchanged at least through next year
 "US retail sales miss the mark in Nov, cast shadow on Q4 economic growth")
US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low
The Commerce Department said the trade deficit tumbled 7.6% to $47.2 billion, the smallest since May 2018, as both imports and exports of goods declined
 "US trade deficit lowest in 1.5 years; weekly jobless claims at 7-month low")
