Tag: Economy
Federal reserver maintains its exceptional support to economic recovery
The Federal Reserve (Fed, central bank) said Wednesday it revised down its forecast for U.S. economic growth for 2013 and maintain its policy to support growth in a context of “risk of degradation.” Emphasizing “a return to moderate economic growth after the pause observed at the end of last year,” the Monetary Policy Committee of [...]
The risks of not saving for retirement
There is a key advantage that every worker has in preparing for retirement: time. The longer you have to save for retirement, regardless of which invest or direction of the economy, the better prepared you’ll be for when that time comes. Most people do not start thinking about retirement as a priority until they arrive [...]
The U.S. deficit dropped 12 percent in February
The U.S. deficit in February fell 12 percent year on year to 203,500 million dollars, said the Treasury Department. The data is good news for the Obama administration, which seeks to reduce the difference between income and expenses at the end of this fiscal year ending September 30 below a billion dollars. In the first [...]
Obama rejects Republican anti-deficit plan
Republicans on Tuesday published a proposal to reduce the deficit in the United States within 10 years, a plan that was rejected by President Barack Obama, who came to Congress to boost the priority projects of the government. The Republican plan, released Tuesday by the chairman of the Budget Committee of the House of Representatives, [...]
More Trade Agreement Needed To Foster Economic Growth
The U.S. president, Barack Obama, said the signing of more trade agreements must be an important part of government efforts to bolster economic growth and create jobs. Obama says that further trade agreements to help create jobs in this country. “Part of this is to ensure the realization of strong trade agreements,” Obama said at a [...]
Obama will continue to seek an agreement with the opposition
U.S. President Barack Obama on Saturday expressed their determination to continue their efforts to negotiate with their Republican opponents in order to facilitate the approval by Congress of the issues considered crucial. The president made the promise after meeting this week with key Republican lawmakers to discuss a range of topics, including the drastic budget [...]
US Jobs Market Regains Strength Thanks To Uncle Ben
US non-farm payrolls smashed expectations, showing that the world’s largest economy added 236,000 jobs in the month of February versus expectations of 160,000. The unemployment rate edged down to 7.7% from 7.9%, the lowest since 2008. Markets have so far welcomed the outcome with the DJIA on track to print higher all-time highs for the [...]
The Stock Markets Can Touch New Highs
The combination of an interest rate to a minimum and a slow but steady growth could lead the stock markets to touch new highs, after closing the previous record achieved by the Dow Jones on Wednesday , some analysts say. The main indicator of Wall Street, the Dow Jones has risen by around 9% in [...]
The U.S. private sector created 198,000 jobs
The gain of jobs spread across all sectors of the U.S. economy and all sizes of companies, it said in a statement. Within services, the subsector of transportation and utilities added 45,000 jobs, while professional and business services added 35,000. Construction added 21,000 jobs while industry added another 9,000. By size, companies with more than [...]
China wants to encourage consumption and a new economic model
China has set a growth target “reasonable” 7.5% by 2013 and to achieve expected to stimulate private consumption and transforming in an “accelerated” economic model, announced Tuesday in the country’s parliament the outgoing prime minister, Wen Jiabao. At the opening of the annual session of the National People’s Congress, Wen took stock of the past [...]
