Tag: Government Finance

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Markets

Stock Futures Fall Ahead of Producer-Price Data

Stock Futures Fall Ahead of Producer-Price Data

May 12, 2022 3:40 a.m. ET US stock futures slipped ahead of producer-price figures, a day after consumer-inflation data showed signs of moderating but still came in ahead of economists’ expectations. Futures on the S&P 500 were down 0.5% and futures on the Dow Jones Industrial Average slipped 0.4%. The contracts don’t necessarily predict market […]

Categories
Economy

US posts record $308 billion budget surplus in April as federal tax receipts arises

US posts record $308 billion budget surplus in April as federal tax receipts arises

The numbers: The US posted a budget surplus of $308 billion in April — the largest on record — owing to a large increase in federal taxes and lower spending after the end of government stimulus. Based on current trends, the government could register a budget deficit of under $1 trillion in fiscal 2022 for […]