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Off to a good start - THE EDGE SINGAPORE

US Economy

Biden's first 100 days off to a good start

After the drama of the Trump administration, expectations of the Biden administration were low when the former vice-president swept into the White House in January.

BOS sees peak US growth coming in 2021 with inflation unlikely to be an issue - THE EDGE SINGAPORE

US Economy

BOS sees peak US growth coming in 2021 with inflation unlikely to be an issue

There was both good news and bad news from Bank of Singapore (BOS) head of investment strategy Eli Lee as he predicted US peak quarterly growth to arrive some time in 2021.

US Economy

Fed upgrades view of economy while keeping rates near zero

Federal Reserve Chair Jerome Powell and his colleagues upgraded their assessment of the US economy but said they were not yet ready to consider scaling back pandemic support.

US Economy

Biden plans US$2.25 trillion spending, corporate tax hikes

President Joe Biden will unveil a US$2.25 trillion ($3.03 trillion) US infrastructure plan Wednesday -- paid for by tax hikes on businesses -- that his administration said will prove the most sweep

US Economy

Biden's tax plan to feature corporate tax hikes, relief for $110,000 income households

President Joe Biden’s tax plan will feature higher levies on corporations and wealthy Americans, with relief eyed for middle-class households, including those in the US$110,000 ($147,968)-a-year in

US Economy

US approves Biden's US$1.9 trillion Covid-19 relief bill

President Joe Biden’s US$1.9 trillion ($2.56 trillion) Covid-19 relief bill cleared its final congressional hurdle Wednesday, with the House passing the bill on a 220-to-211 vote, sending it to the

US Economy

US Senate passes US$1.9 trillion relief bill after marathon votes

President Joe Biden’s signature US$1.9 trillion ($2.55 trillion) Covid-19 relief bill passed the Senate 50-49 on Saturday following a more than 25-hour marathon of amendment votes completed after D

US Economy

US economy to grow 5% in 2021

Despite Covid-19 headwinds adding a touch of gloom to the global economic outlook, Fitch Solutions remains bullish about the fate of the US economy going into the coming year.

Fed's Powell more worried by cool economy than hot markets - THE EDGE SINGAPORE

US Economy

Fed's Powell more worried by cool economy than hot markets

Declaring that the battle against Covid-19 is not over, Federal Reserve Chairman Jerome Powell pledged to keep the monetary spigots wide open to aid the pandemic-hit economy, brushing aside concern

US Economy

US Congress reaches deal on US$900 bil pandemic relief plan

Congressional leaders reached a deal on a roughly US$900 billion ($1.19 trillion) spending package to bolster the US economy amid the continued coronavirus pandemic giving lawmakers a short timetab

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