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Inflation fears cloud US consumer sentiment

Home Inflation fears cloud US consumer sentiment Inflation fears cloud US consumer sentiment Survey shows Americans are increasingly nervous about rising prices as economy recovers from the pandemic World Economy News 15 May 2021 • 2 min read Americans’ fears of rising inflation are weighing on consumer sentiment, adding to concerns about how quickly the US economy will be able to recover from the pandemic. The University of Michigan’s c...
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Inflation is feared by U.S. consumer sentiment

Inflation is feared by U.S. consumer sentiment Fears of rising inflation by Americans are weighing on consumer sentiment, and concerns about how the U.S. economy will recover from the pandemic are mounting. The University of Michigan’s Consumer Sentiment Survey fell to 82.8 in May, down from 88.3 in April, as it weakened consumers ’attitudes about current and future conditions. According to a survey of economists by Reuters, it looks closely at expectations for the width to rise to 90.4. T...
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US jobs growth slows despite reopenings and vaccinations

US jobs growth slows despite reopenings and vaccinations Biden says unexpected small gain in April shows full recovery has ‘long way to go’ Fri, May 7, 2021, 20:11 US President Joe Biden.   The US labour market added just 266,000 jobs last month and the unemployment rate edged up to 6.1 per cent, marking an unexpected deceleration in job creation in the world’s largest economy. The April data compared with 770,000 jobs added in March - a downward revision compared to the previous esti...
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U.S. jobless benefit claims continue to grind lower

U.S. jobless benefit claims continue to grind lower MarketWatch 6 hrs ago ECONOMIC REPORT The numbers: Jobless benefit claims fell to 553,000 last week from a revised 566,000 a week earlier, the U.S. Labor Department said Thursday. With the revisions, this is the lowest level of claims since the pandemic struck last year. Economists surveyed by the Wall Street Journal had been looking for a drop to 528,000 new claims. Popular Searches Claims in the prior week were revised from the initial es...
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Source: msn.com

U.S. Treasury Yields Rise Ahead of Fed Statement

Provided by Dow Jones By Sam Goldfarb Yields on U.S. government bonds edged higher Tuesday in the last full trading session before the Federal Reserves policy statement. In recent trading, the yield on the benchmark 10-year U.S. Treasury note was 1.593%, according to Tradeweb, up from 1.568% Monday. Yields, which rise when bond prices fall, were on track to end higher for the third straight session, suggesting traders were hedging their bets ahead of the con...
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Scale of T-bill drought hinges on Biden rescue, income-tax haul

Scale of T-bill drought hinges on Biden rescue, income-tax haul Bloomberg The U.S. Treasury building in Washington Interest rates in the U.S. dollar-funding markets are pinned right near zero — and the pressure thats holding them down may only intensify because of tax season and President Joe Bidens rescue plan. The shortage of Treasury bills is expected to worsen even before the debt ceiling returns in July, which will force the federal government to continue cutting its cash pile by hundred...
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China Gold Premium Retreats as Bullion Imports Rally, Crypto Falls with Stocks on DogeDay

Tuesday, 4/20/2021 14:50 GOLD PRICES briefly dipped back below $1770 per ounce Tuesday afternoon in London after new data showed a jump in bullion imports to China – the metals No.1 consumer nation – while the US Dollar rallied and longer-term interest rates turned higher in the bond market.   Global stock markets also retreated, dropping from Mondays latest record high on the MSCI World Index as tensions worsened between Russia and the We...
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