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Showing 1 - 10 of 31 results for "Joe Biden"

US Senate passes $1tn Inflation Reduction Act

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... deficit and everyday expenses for working families. Following the Senate Passage of the Inflation Reduction Act, President Joe Biden said: "I ran for president promising to make government work for working families again, and that's what this Bill does ...

US enters recession - or does it?

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... months after a recession has begun before announcing one. Responding to the second quarter GDP report, US president Joe Biden said: "Coming off of last year's historic economic growth - and regaining all the private sector jobs lost during the pandemic ...

US rocked by inflation disaster

ANDREW MCKEAN  |  THURSDAY, 14 JUL 2022
... year, shooting up a torrid 1.3% in June alone. While inflation has surged to its highest level in 41 years, US president Joe Biden said the CPI data doesn't reflect the full impact of nearly 30 days of decreases in gas prices. Biden stated: "Those savings ...

US inflation wavers near a 40-year high

ANDREW MCKEAN  |  THURSDAY, 12 MAY 2022
... having risen 1.2% in March. This decline is the first month to month inflation rate fall since August 2021. US president Joe Biden said that it was heartening to see that annual inflation moderated in April but that it remained unacceptably high. "I'm ...

Biden signs executive order on digital assets

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
US President Joe Biden has signed an executive order on ensuring the responsible development of digital assets, in a move that has seen the price of Bitcoin jump. Signed overnight, the executive order outlines the first whole-of-government strategy ...

Keep COVID-19 in perspective: Panel

ELIZABETH MCARTHUR  |  TUESDAY, 18 MAY 2021
... best defence in foreign policy," she said. Cantrill theorised that in light of the geopolitical tensions, US President Joe Biden is looking inwards - believing that a stronger, more prosperous US is the best defence against rising trade tensions. And ...

Chief economist update: Not yet time to make a change

BENJAMIN ONG  |  FRIDAY, 30 APR 2021
"It's not time to make a change Just relax, take it easy..." - Cat Stevens This is the US Federal Reserve's message to the markets at the conclusion of its April FOMC meeting in its efforts to calm concerns over rising inflation expectations ...

Chief economist: Of capital gains taxes, COVID-19 and climate change

BENJAMIN ONG  |  FRIDAY, 23 APR 2021
... lingering surge in COVID-19 infections, and there's climate change. Take your pick. Bloomberg reports that: "President Joe Biden will propose almost doubling the capital gains tax rate for wealthy individuals to 39.6% (from 20%)... For those earning ...

Chief economist update: The pause that refreshes

BENJAMIN ONG  |  WEDNESDAY, 21 APR 2021
The music has stopped, should we cease dancing? Two consecutive days of losses on Wall Street is a very long time in financial markets so much so that "pundits struggle to explain stocks stumble", according to the Australian Financial Review (AFR). ...

S&P rejigs index as BlackRock ETF grows

KANIKA SOOD  |  THURSDAY, 8 APR 2021
... March 10, called the VanEck Vectors Global Clean Energy ETF (ASX: CLNE) as it saw investor interest from US President Joe Biden's infrastructure package. CLNE was only $25 million in total assets as of yesterday. Given the smaller size of the ETF, VanEck ...
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