US economy surpasses pre-pandemic size with 6.5% Q2 growth
Yet overhanging the rosy economic forecasts is the possibility of a resurgent coronavirus in the form of the highly contagious delta variant.
Yet overhanging the rosy economic forecasts is the possibility of a resurgent coronavirus in the form of the highly contagious delta variant.
Inflation, meanwhile, is expected to climb to 3.4 per cent by year-end, 1 percentage point up from the March projection.
The trade body in its statement urged the US administration to shorten the duration of these restrictions to 90 days.
The death count in the United States due to the novel Coronavirus reached 32,917 on Thursday, according to a tally by Johns Hopkins University.
These are the nations that represent over two-thirds of the world population. India also is a member of the group.
The lacklustre data came after the US Federal Reserve lowered interest rates for the first time since the 2008 global financial crisis.
The declines brought the S&P 500 to the brink of a "bear market," considered a drop of 20 per cent from its peak.
The benchmark 10-year Treasury yield eased back slightly in Friday's late trading after a record high of over 3.1 per cent on Thursday, the first time since 2011.
The US Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points and signalled two more rate…
As 2017 draws to a close, breaking out the champagne to celebrate the US tax cuts and record stock market…
