US economy
United States GDP fell by 0.6% year-on-year in the second quarter of 2022, an upward revision of 0.3 percentage points compared with the July estimate. This follows data released by the US...
Market against new COVID
US stocks are set for a bout of volatility, with equity futures pointing to a lower opening ahead of testimony from Federal Reserve Chairman Jerome Powell and growing concerns over the omicron option.
Dow Jones Industrial f...
New strain and the economy
US stock indices fell before the opening of trading on Tuesday after Fed Chairman Jerome Powell said risks to the economy, the labour market and inflation could become more difficult with...
The future of the stock market
President Joe Biden has reappointed current Chairman Jerome Powell to head the Fed for the next 4 years. Experts say that this will generally have a positive effect on the market, alt...
Bond purchases in November
The market reaction to the outcome of the Fed meetings was positive. The central bank refuted expectations that interest rates would need to be raised sooner, but pointed to continue...
Chances of Jerome Powell staying on for a second term
Last week, Fed Chair Powell came under heavy criticism from Senator Elizabeth Warren. Market forecasts showed Powell's chances of reappointment declining. Here's wha...
US stock indices continued to rise on Thursday
As investors embraced the Federal Reserve's plans to cut asset purchases and raise interest rates. The Dow Jones Industrial Average index rose 230 points, or 0.67%, while the&nb...
Fed buying cuts in 2021
In an online conference replacing the traditional one in Jackson Hole, Fed Chairman Jerome Powell announced the start of asset purchase rate cuts this year.
Major stock market indices, the Dow Jones, S&am...
Встреча не состоится
The Fed has cancelled the US economic policy conference in Jackson Hole and will instead be held online on 27 August. Here's why investors should pay attention.
On Friday, the Federal Reserve ...
Inflation rises
The US Department of Labour said on Wednesday that consumer prices rose 0.5% last month, slowing down from June's 0.9% increase. Economists' forecasts came true.
The release of US inflation data for July was the key event for financ...
Strengthening the US economy
At the end of the meeting, the Fed reassured financial markets by stating its commitment to maintaining current policy and zero rates until substantial progress on inflation and employment. The Fed do...
Large-company stocks
US stock indices rose in trading on Wednesday, with the S&P 500 and Nasdaq Composite reaching record highs at one point in the session.
The Dow Jones Industrial Average index rose 25.00 points (0.07%) to 34602.37 points.
T...
Labour market
Reports from the US Department of Labor show a good rate of decline in the unemployment rate and a recovery in American employment. Economists see clear signs of a full "pre-pandemic" recovery in the&...
US inflation surge
Fed Chairman Jerome Powell, speaking to a House subcommittee, reiterated that the current spike in US inflation is temporary and due to last year's fall in prices. T...
Interest rate hike
At the end of the meeting, the Fed brought the timing of the interest rate hike closer to 2023 from 2024. The US central bank also raised its forecast for overall inflation to 3.4%. The stock market w...
US indices
US Fed minutes for the first time hinted at a possible policy tightening reducing bond purchases on the back of economic recovery. However, economists point out that the fall in&...
US inflation
Recent surveys have shown that Americans are bracing for the highest inflation rate since 2013, according to the New York Fed. Rising prices could slow the pace of the US economic recovery.
Concerns about rising inflation in the US int...
Digital dollar
Jerome Powell thinks a digital dollar launch is possible, but a decision has not yet been made.
The Federal Reserve (Fed), which serves as the country's central bank, is studying the possibility of launc...
March Fed minutes
The published March Fed minutes showed an increase in the outlook for the US economy on the back of mass vaccination and federal aid. At the same time, the central bank said that policy will only be changed after the results have b...
Stock Market
US stock indices are falling on Tuesday ahead of speeches by US Treasury Secretary Janet Yellen and Federal Reserve (Fed) chief Jerome Powell.The Dow Jones Industrial Average index was down 47.22 points (0.14 per cent) at 32683.98.
The...
- 1
- 2
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
