WASHINGTON (Sputnik) - Americans now have a government that rules over a completely disunited nation, while presuming itself to be a superpower set to impose its will.
(Bloomberg) U.S. consumer prices climbed in March by the most since 2012, adding to evidence of budding inflationary pressures as the economy reopens and demand strengthens.
The consumer price index increased 0.6% from the prior month after a 0.4% gain in February, according to Labor Department data Tuesday. A jump in the cost of gasoline accounted for almost half the overall March advance. The median estimate in a Bloomberg survey of economists called for a 0.5% rise.
Excluding volatile food and energy components, the so-called core CPI increased 0.3% from a month earlier, the most in seven months and reflecting rising rents and auto insurance.
Dollar posts third straight weekly rise after upbeat US payrolls report
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Last Updated: Apr 03, 2021, 02:52 PM IST
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Synopsis
Sentiment for the dollar has improved in recent weeks, while Treasury yields have spiked, as the Biden administration s planned stimulus of more than $2 trillion and a rapid COVID-19 vaccine rollout spurred economic optimism as well as inflation fears. The overall strength of the labor market is likely to prove dollar-positive, said Joe Manimbo, senior market analyst, at Western Union Business Solutions in Washington.
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NEW YORK: The
dollar rose on Friday in thin trading, posting its third straight weekly gain, after data showed the world s largest economy created more jobs than expected in March, suggesting it is on a steady path to recovery from the pandemic.
Greenback posts third weekly rise after upbeat data
Reuters, NEW YORK
The US dollar rose on Friday in thin trading, posting its third straight weekly gain, after data showed that the world’s largest economy created more jobs than expected last month, suggesting that it is on a steady path to recovery from the COVID-19 pandemic.
Financial markets were closed in Australia, Europe, Hong Kong, Singapore and the UK in observance of the Good Friday holiday. Wall Street was also closed, while the US bond and currency markets were open, because Good Friday is not a US government holiday.
Friday’s data showed that US nonfarm payrolls surged by 916,000 last month, the largest gain since August last year.
HEADLINES & GLOBAL NEWS
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Apr 01, 2021 10:44 PM EDT
Chief of Staff Ron Klain said on Thursday that Pres. Joe Biden asked the Education Department to prepare a memo to cancel student debt.
(Photo : Doug Mills-Pool/Getty Images) U.S. President Joe Biden signs the Paycheck Protection Program (PPP) extension in the Oval Office of the White House.
Pressure Grows on Student Debt
The young Biden administration is now facing a challenge to address the student loan crisis in the country. The Federal Reserves estimated during the third quarter of 2020 that around 40 million people have student loans, according to a published article in NBC News.