US President Joe Biden signed a $1.9 trillion stimulus bill into law on Thursday and urged US states to make all adults eligible for a coronavirus vaccine by May 1.
Bolstered by a strong rise in US producer prices, a fresh spike in US Treasury yields sparked a risk-off move, with the dollar reversing its fall from earlier in the week.
These legal setbacks will only intensify (President Andres Manuel Lopez Obrador's) desire to change the constitution to shield his energy-sector vision from further legal setbacks down the road.
A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.
A 1.3% rise in the prices of services accounted for two-thirds of the increase in the PPI. That was the biggest gain since December 2009 and followed a 0.1% drop in December.
Slack in the labor market remains excessive, with at least 20 million Americans on unemployment benefits.