



By Andrea Shalal
WASHINGTON (Reuters) - President Joe Biden said on Thursday the U.S. economy was seeing "really bright spots" after a rough few years, and was headed to a "new plateau," a new term for the stable, slower growth White House officials see ahead.
While investors, many economists and some CEOs have warned recently that a U.S. recession is due in 2023, the Biden administration considers it unlikely, in part because of federal spending.
Biden told members of his Cabinet ahead of a private meeting that he sees public and private investments of $3.5 trillion in manufacturing and technology over the next decade strengthening the U.S. economy and boosting prospects for American companies and workers.
"This is not about getting to a level spot. This is about going to a whole new plateau," the Democratic president said. "We're the only country in the world who's come out of the crisis stronger than we went in."
Biden cited recent data showing easing inflation, solid growth and a resilient labor market, but said it would be critical to implement hundreds of billions of dollars in federal spending contained in three key signature laws passed last year.
The U.S. economy is forecast to grow 3.8% in the fourth quarter of 2022, according to an Atlanta Fed model, while the Consumer Price Index rose 0.1% in November.
"That doesn't mean it's all over. It means that we're off to a pretty darned good start," he said. "I just don't want to get us suckered into thinking that we can sort of let up on the gas pedal."
Biden is not alone in his optimism.
The United States may avoid the outright contraction that could hit a third of the world's economies, Kristalina Georgieva, head of the International Monetary Fund, said on Sunday.
St. Louis Federal Reserve leader James Bullard said Thursday that the risk of a U.S. recession has fallen in recent weeks.
Still, if the U.S. avoids recession, it will likely be by a narrow margin. The Federal Reserve predicts 0.5% growth in 2023, for example.
Speaking to Cabinet members, Biden also lauded plans by the U.S. Federal Trade Commission, which enforces antitrust law, to ban companies from requiring workers to sign noncompete and some training repayment agreements that keep workers from leaving for better jobs.
"The bottom line is, I believe our economic vision is working, and we're in the process of implementing the first pieces we've gotten done and we're going to move on," he said.
Biden's upbeat comments came as Wall Street's main indexes closed more than 1% lower, with evidence of a tight labor market eating away at any hopes investors had that the Federal Reserve could soon pause its rate hike cycle.
EUR/USD
1.0572
+0.0013 (+0.12%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (7)
EUR/USD
1.0572
+0.0013 (+0.12%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (7)
GBP/USD
1.2201
+0.0004 (+0.03%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (3)
Sell (6)
USD/JPY
149.38
+0.10 (+0.06%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (4)
AUD/USD
0.6438
+0.0015 (+0.23%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (2)
USD/CAD
1.3575
+0.0089 (+0.66%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (7)
Sell (2)
EUR/JPY
157.92
+0.17 (+0.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
EUR/CHF
0.9677
+0.0010 (+0.10%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (5)
Gold Futures
1,864.60
-14.00 (-0.75%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Silver Futures
22.390
-0.351 (-1.54%)
Summary
NeutralMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (1)
Sell (7)
Copper Futures
3.7340
+0.0260 (+0.70%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
90.77
-0.94 (-1.02%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Brent Oil Futures
92.09
-1.01 (-1.08%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
Natural Gas Futures
2.930
-0.015 (-0.51%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
US Coffee C Futures
145.23
-1.97 (-1.34%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
4,173.35
+11.79 (+0.28%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
S&P 500
4,288.05
-11.65 (-0.27%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (7)
DAX
15,386.58
+63.08 (+0.41%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
FTSE 100
7,608.08
+6.23 (+0.08%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Hang Seng
17,822.00
+471.00 (+2.71%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (3)
Sell (2)
US Small Cap 2000
1,785.10
-9.21 (-0.51%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (2)
Sell (7)
IBEX 35
9,428.00
+1.20 (+0.01%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
BASF SE NA O.N.
42.950
+0.305 (+0.72%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (7)
Bayer AG NA
45.45
+0.10 (+0.22%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Allianz SE VNA O.N.
225.70
-2.85 (-1.25%)
Summary
SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (4)
Sell (4)
Adidas AG
166.62
+9.76 (+6.22%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Deutsche Lufthansa AG
7.506
-0.023 (-0.31%)
Summary
NeutralMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (5)
Sell (1)
Siemens AG Class N
135.66
+0.08 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Deutsche Bank AG
10.450
+0.068 (+0.65%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
EUR/USD | 1.0572 | ↑ Sell | |||
GBP/USD | 1.2201 | ↑ Sell | |||
USD/JPY | 149.38 | Neutral | |||
AUD/USD | 0.6438 | ↑ Buy | |||
USD/CAD | 1.3575 | ↑ Buy | |||
EUR/JPY | 157.92 | ↑ Sell | |||
EUR/CHF | 0.9677 | Neutral |
Gold | 1,864.60 | ↑ Sell | |||
Silver | 22.390 | Neutral | |||
Copper | 3.7340 | ↑ Buy | |||
Crude Oil WTI | 90.77 | ↑ Sell | |||
Brent Oil | 92.09 | ↑ Sell | |||
Natural Gas | 2.930 | ↑ Sell | |||
US Coffee C | 145.23 | ↑ Sell |
Euro Stoxx 50 | 4,173.35 | ↑ Sell | |||
S&P 500 | 4,288.05 | ↑ Sell | |||
DAX | 15,386.58 | ↑ Sell | |||
FTSE 100 | 7,608.08 | ↑ Sell | |||
Hang Seng | 17,822.00 | Buy | |||
Small Cap 2000 | 1,785.10 | ↑ Sell | |||
IBEX 35 | 9,428.00 | ↑ Sell |
BASF | 42.950 | ↑ Sell | |||
Bayer | 45.45 | ↑ Sell | |||
Allianz | 225.70 | Sell | |||
Adidas | 166.62 | ↑ Sell | |||
Lufthansa | 7.506 | Neutral | |||
Siemens AG | 135.66 | ↑ Sell | |||
Deutsche Bank AG | 10.450 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,830/ 6,880 (6,830/ 6,880) # 1,361 |
SJC HCM | 6,825/ 6,895 (0/ 0) # 1,447 |
SJC Hanoi | 6,825/ 6,897 (0/ 0) # 1,449 |
SJC Danang | 6,825/ 6,897 (0/ 0) # 1,449 |
SJC Nhatrang | 6,825/ 6,897 (0/ 0) # 1,449 |
SJC Cantho | 6,825/ 6,897 (0/ 0) # 1,449 |
Cập nhật 01-10-2023 15:39:19 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,848.82 | -17.92 | -0.96% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 26.270 | 26.790 |
RON 95-III | 25.740 | 26.250 |
E5 RON 92-II | 24.190 | 24.670 |
DO 0.05S | 23.590 | 24.060 |
DO 0,001S-V | 24.450 | 24.930 |
Dầu hỏa 2-K | 23.810 | 24.280 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $89.87 | +7.86 | 0.10% |
Brent | $91.87 | +6.21 | 0.07% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.090,00 | 24.460,00 |
EUR | 25.089,27 | 26.466,85 |
GBP | 28.963,54 | 30.196,84 |
JPY | 158,64 | 167,93 |
KRW | 15,63 | 19,04 |
Cập nhật lúc 15:34:00 01/10/2023 Xem bảng tỷ giá hối đoái |