- Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus. Goldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects "only a modest drag" on service spending.
Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus. Goldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects "only a modest drag" on service spending.
Switzerland "does not engage in any manipulation of the Swiss franc", the government said on Friday, after the country featured in the latest U.S. Treasury report into the foreign exchange policies of the United States' trading partners.
U.S. Treasury yields were mixed
in choppy trading on Friday after initially falling on closely
watched jobs data that showed employment increased far less than
expected in November, but was not seen ...
New orders for U.S.-made goods increased more than expected in October and businesses spending on equipment appeared to rebound after declining in the third quarter. The Commerce Department said on Friday that factory orders increased 1.0% in October. Orders increased surged 17.1% on a year-on-year basis.
New orders for U.S.-made goods increased more than expected in October and businesses spending on equipment appeared to rebound after declining in the third quarter. The Commerce Department said on Friday that factory orders increased 1.0% in October. Orders increased surged 17.1% on a year-on-year basis.
A measure of U.S. services industry activity unexpectedly rose in November, hitting a fresh record high as businesses boosted hiring, but there was little sign that supply constraints were easing and prices remained high.
Brazilian Economy Minister Paulo Guedes said on Friday that the country's gross domestic product is likely to grow in 2022 as he expects investments to reach 20% of GDP next year. "Growth is inevitable, Brazil will grow," Guedes said during an online event.
U.S. employment growth slowed considerably in November amid job losses at retailers and in local government education, but the unemployment rate plunged to a 21-month low of 4.2%, suggesting the labor market was rapidly tightening.
- The number of Americans not looking for jobs over the previous four weeks because of the COVID-19 pandemic dipped in November but remained well above one million people, a Labor Department survey showed on Friday. The survey period reflects a month in which cases of the coronavirus rose again following a fall in new infections in October.
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