Daily Market Commentary

The House is poised to pass President Joe Biden's $1.9 trillion Covid-19 stimulus, but a ruling by late Thursday by a Senate official dealt a major blow to prospects that the final legislation will include a hike in the U.S. minimum wage to $15 per hour.

Mortgage rates in the U.S. jumped to the highest level in six months.

U.S. loan applications to purchase homes declined last week to a nine-month low, suggesting the housing market boom is starting to fizzle against a backdrop of rising mortgage rates and soaring prices.

Democrats begin the final push for President Joe Biden’s $1.9 trillion stimulus bill this week, dropping any pretense of bipartisanship to quickly pass the package before an earlier round of benefits runs out.

Democrats begin the final push for President Joe Biden's $1.9 trillion stimulus bill this week, dropping any pretense of bipartisanship to quickly pass the package before an earlier round of benefits runs out.

The International Monetary Fund is weighing in on the debate over U.S. President Joe Biden's $1.9 trillion stimulus proposal, saying that it sees only limited inflation risk, a rebuttal to some critics who worry about the American economy overheating.

Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.

U.S. retail sales surged in January by the most in seven months, beating all estimates and suggesting fresh stimulus checks helped spur a rebound in household demand following a weak fourth quarter.

Manufacturing in New York expanded in February by the most in five months as a growing number of factories in the state reported paying more for materials and charging higher prices.

With Covid-19 cases stabilizing and Democrats oiling the tracks to pass large parts of President Joe Biden’s $1.9 trillion stimulus plan -- even without Republican support -- economists are raising their 2021 economic growth forecasts.