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Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

Dollar hits 13-1/2 year high, US bond yields gain on Trump stimulus bets

The dollar sprinted to a more than 13-1/2 year high against a basket of major currencies on Friday and U.S. debt yields hit near one-year highs on expectations that President-elect Donald Trump`s policies will boost the US economy.

World stocks choke on US election fears, pound powers on

World stocks choke on US election fears, pound powers on

Equity investors froze at the prospect of a tight finish to the US presidential race, with the US S&P 500 sliding for the ninth straight session, its longest fall since 1980.

US economy unemployment rate falls 4.9%

US economy unemployment rate falls 4.9%

The US economy added a solid 161,000 jobs in October while the unemployment rate fell to 4.9%, according to Labor Department figures released on Friday. In a show of steady momentum in the world's largest economy, the department revised upward its jobs reports for the previous two months by a total of 44,000 positions, taking the average for the past three months to a strong 176,000 new jobs.

US economy accelerates to 2.9 percent, hits fastest pace in two years as election looms

US economy accelerates to 2.9 percent, hits fastest pace in two years as election looms

US economic growth accelerated to a 2.9 percent annual rate in the third quarter boosted by a big jump in exports and solid consumer spending, the Commerce Department reported Friday.

Fed's Yellen says ''high-pressure'' policy may be only way back from crisis

The Federal Reserve may need to run a "high-pressure economy" to reverse damage from the crisis that depressed output, sidelined workers and risks becoming a permanent scar, Fed Chair Janet Yellen said on Friday in a broad review of where the recovery may still fall short.

US factories rebound, resisting global downward pull

US factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the sluggish global economy.

Fed's primal divide: Is economy overheating or stuck in a rut?

Fed's primal divide: Is economy overheating or stuck in a rut?

Investors may be expecting a US interest rate increase in December, but Federal Reserve policymakers remain divided over whether the economy is mired in a rut, strong enough to withstand an immediate hike or hovering somewhere in between.

Donald Trump eyes 4% growth, 25 million new jobs in 10 years

Donald Trump eyes 4% growth, 25 million new jobs in 10 years

Republican presidential hopeful Donald Trump laid out an aggressive economic vision Thursday, setting an ambitious goal of four percent growth and knocking rival Hillary Clinton for offering Americans nothing but a "welfare check."

Donald Trump presidency could cost US economy $1 trillion: Oxford Economics

Donald Trump presidency could cost US economy $1 trillion: Oxford Economics

The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday.

Strong Indo-US ties to strengthen both economies: White House

Strong Indo-US ties to strengthen both economies: White House

Strong economic relations between the United States and India can create employment opportunities in both the countries and strengthen their economies, a vision shared by both President Barack Obama and Prime Minister Narendra Modi, the White House has said.

US stocks end mixed after GDP report

US stocks closed mixed for a fourth straight day on Friday, as the advance estimate on the country's second-quarter economic growth came in worse than expected.

Fed leaves rates unchanged but says US economy improving

The Federal Reserve on Wednesday left key interest rates untouched but acknowledged improved economic performance, suggesting a rate increase may be on the horizon in 2016.

Policy makers had not been expected to raise rates, out of concern that a hike could stifle fragile growth. 

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Pro-Brexit vote could have significant economic repercussions: Janet Yellen

Warning of the fallout on markets, Federal Reserve Chair Janet Yellen said on Monday that the global economy if Britain votes to leave the European Union in the June 23 Brexit referendum.

US hiring stalls in May; Fed rate hike in question

The Labor Department said Friday that the US economy generated a paltry 38,000 net new positions in May.

Fed signals interest rate hike firmly on the table for June

U.S. Federal Reserve officials said it would be appropriate to raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from their policy meeting last month.

US dollar snaps six-day winning streak

The greenback was also supported by recent upbeat remarks from several Federal Reserve officials about the US economy.

Gold price slips as dollar holds firm after US jobs data

Gold price slips as dollar holds firm after US jobs data

Spot gold edged lower on Monday, but remained supported in the face of a firm dollar as investors bet a weaker US payroll report would push out the timing of any rate hike.

US added 160,000 jobs in April; jobless rate 5%

This is the weakest gain since September, which The Wall Street Journal said is a sign that employers may be turning cautious after the economy slowed early in the year.

US economy expands 0.5% in Q1, slowest in two years

US economy expands 0.5% in Q1, slowest in two years

The US economy grew at an annual rate of 0.5 percent in the first quarter of this year, pulled back by slowing consumption, the commerce department said on Thursday.

Oil prices rise on optimism over supply, Doha meeting

Oil prices rose on Friday, lifted by hopes that a punishing global excess of crude oil could be nearing a tipping point and firm economic indicators from the United States and Germany that cast a positive light on growth in fuel demand.