Making an election-year case, President Obama trumpeted the United States economic gain under his leadership and insisted that the only way that higher wages and progress for workers can be achieved is by ensuring a Democrat-controlled Congress. President Obama proudly declared: “American workers and the American economy are better off since I took office,” while in the middle of supporters at … [Read more...]
Dollar Still in Strong after Ten Month High
As the U.S. Economy is following an upward trend, it is only logical that the dollar would follow in its footsteps, and consequently, the dollar has indeed stolen the limelight this week. It rose to a 10-month high and continued to strengthen its position against most foreign currencies. On Wednesday, the dollar index managed to rise to 81.545 on the strong waves of the US growth figures as well … [Read more...]
US Economy Posts Dramatic Drop for 1st Quarter of 2014
The first quarter of 2014 saw the U.S. economy shrink by the largest margin since the peak of the global financial crisis. This contraction of the economy came against the backdrop of consumer spending receding after the holidays. The United States’ gross domestic product also posted a drop, down by 2.9 per cent at an annually adjusted rate. This drop is bigger than the one predicted by financial … [Read more...]
US Transportation, Healthcare Employees to have impressive Pay Raise
The US economy is recovering and so far it has imposed positive impressions on the pay hikes. Experts say pay would be rising in most sectors. The five years after the 2008 Great Recession officially ended, the salary hikes remain sharply uneven across industries. It is noteworthy, the overall pay has been rising about two percent a year. The market trend shows the best pay hike have gone to … [Read more...]
Wall Street – Yields reach 11 months low for US Bond Market
The party seems to be over in the US Treasury bond market as the rally in bonds has surprised many by taking the 10-year yields to their lowest levels in 11 months. The soaring prices have pushed the benchmark 10-year yields to 2.422 percent on Thursday. This is the lowest since last June. The low level of yields comes at a time when the US Federal Reserve has eased its bond-buying stimulus … [Read more...]
