Hedge Crunch FinancialUS economy
Manufacturing Surge Bolsters US Economic Recovery
The US economy thrived through the first two months of 2021, backed by strong growth in the manufacturing sector and aided by the prospect of President Biden’s proposed $1.9 trillion stimulus package. According to the Bureau of Labor Statistics, unemployment fell in January to 6.3 percent, the lowest point since the corona pandemic began, while […]
Brent Crude Falls Below $100 As Data Reveal Weak Markets
The not unexpected news of weak economic data has stimulated the downturn in the price of Brent crude oil below $100 for the second consecutive session on Monday. Statistics from China and the US show both a slowing down of the growth in China’s exuberant economy compounded with a weak US recovery. July’s delivery of […]