US construction spending drops 0.6 percent in December

WASHINGTON (AP) — U.S. construction spending edged down 0.6 percent in December with declines in residential…

US consumer spending fell sharp 0.5 percent in December

WASHINGTON (AP) — U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine…

WASHINGTON | National debt hits new milestone, topping $22 trillion

WASHINGTON (AP) — The national debt has passed a new milestone, topping $22 trillion for the…

ITTA BENA, Miss. | Fed Chairman Powell doesn’t see elevated recession risks

ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell does not feel the probability of…

WASHINGTON | Mnuchin: Next round of trade talks this month

WASHINGTON —Jan 11, 2019—Treasury Secretary Steven Mnuchin says the next round of trade negotiations with China…

WASHINGTON | Fed minutes: Growing risks make rate hike path less clear

WASHINGTON — Federal Reserve officials expressed increasing worries when they met last month, as they grappled…

WASHINGTON | US service firms grew at slower pace in December

WASHINGTON — Jan 07, 2019—U.S. service firms grew in December at the slowest pace in five…

WASHINGTON | US economy grew at 3.4 percent rate in third quarter

WASHINGTON  — The U.S. economy expanded at a solid 3.4 percent annual rate in the third…

WASHINGTON | Fed is expected to raise rates while Trump presses criticism

WASHINGTON — The Federal Reserve is expected Wednesday to raise its benchmark rate for a fourth…

WASHINGTON | US consumer prices flat in November as energy plunges

WASHINGTON— U.S. consumer prices were unchanged in November, the best performance since prices actually fell eight…

WASHINGTON | Fed chairman says central bank concerned about rural poverty

WASHINGTON  — Federal Reserve Chairman Jerome Powell says the U.S. economy overall is strong but many…

WASHINGTON | US productivity up 2.3% in third quarter

WASHINGTON— U.S. productivity grew at an annual rate of 2.3% in the July-September quarter, slower than…

WASHINGTON | Fed survey cites rising concerns about trade tariffs

WASHINGTON— The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but…

WASHINGTON | Fed Chairman Powell says economic challenges remain

WASHINGTON— Federal Reserve Chairman Jerome Powell said Monday that despite solid economic progress, the country still…

WASHINGTON | US construction spending down 0.1% in October

WASHINGTON — Spending on U.S. construction projections fell 0.1% in October, the third consecutive monthly decline,…

WASHINGTON | Fed officials express caution about pace of future hikes

WASHINGTON — Federal Reserve officials earlier this month appeared on track to raise its key interest…

WASHINGTON | US consumer spending up strong 0.6 percent in October

WASHINGTON— Consumers boosted their spending in October at the fastest pace in seven months, while their…

WASHINGTON | Powell: US economy healthy and rate hikes aren’t automatic

WASHINGTON— Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and…

WASHINGTON | Senate confirms Kansas bank regulator Bowman for Fed board

WASHINGTON  — The Senate has confirmed Michelle Bowman, a Kansas banking regulator, as a member of…

WASHINGTON | Fed announces wide-ranging review of its practices

WASHINGTON — The Federal Reserve says it will conduct a wide-ranging review next year of the…

WASHINGTON | Powell sees potential threats from global slowdown

WASHINGTON — Federal Reserve Chairman Jerome Powell says the U.S. economy is performing well but he’s…

WASHINGTON | EU trade chief says hit list of US products being developed

WASHINGTON — The European Union is preparing a target list of American products it will hit…

WASHINGTON | US October budget deficit jumps to $100.5 billion

WASHINGTON  — The federal government recorded a deficit of $100.5 billion in October, a big increase…

WASHINGTON | Fed announces new report on financial stability

WASHINGTON — The Federal Reserve said Friday it will begin issuing a new report twice a…

WASHINGTON | Fed leaves key rate unchanged but sees further hikes ahead

WASHINGTON — The Federal Reserve has left its key policy rate unchanged but signaled that it…

WASHINGTON | US consumer borrowing up solid $10.9 billion in September

WASHINGTON— Americans increased their borrowing by a solid amount in September. But the gain was less…

WASHINGTON | Trump predicts he’ll make trade deal with China

WASHINGTON — President Donald Trump expressed confidence he can reach a deal to end a burgeoning…

WASHINGTON | US productivity growth slows to 2.2 percent rate in Q3

WASHINGTON— U.S. productivity grew at an annual rate of 2.2 percent in the third quarter. It…

WASHINGTON | Mnuchin announces sanctions against 9 individuals

WASHINGTON  — Treasury Secretary Steven Mnuchin announced Tuesday that the United States and six other Middle…

WASHINGTON | Mnuchin says he will not attend Saudi investment conference

WASHINGTON — Treasury Secretary Steven Mnuchin said Thursday he will not attend an investment conference in…