Economy Jul 26 U.S. economy’s growth slows to 2.1 percent in 2nd quarter The nation's gross domestic product grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce Department estimates.
Economy Jul 11 U.S. budget deficit jumps 23 percent this fiscal year The surge in deficits reflects a variety of factors including a $1.5 trillion tax cut President Donald Trump pushed through Congress in late 2017 and billions of dollars in extra spending Congress approved in early 2018.
Economy Jul 11 WATCH: Powell says Fed prepared to keep economy in a ‘very good place’ Federal Reserve Chairman Jerome Powell's comments before the Senate Banking Committee strengthened the message he had sent to a House panel on Wednesday that the central bank is prepared to cut interest rates to support economic growth.
Economy Jul 10 WATCH: Fed chair Jerome Powell says rate cut likely coming soon The chairman's remarks led investors to send stock prices up, bond yields down and the value of the U.S. dollar lower on expectations of lower interest rates. The S&P 500 index briefly traded over 3,000 for the first time.
Economy Jul 05 Fed repeats pledge to ‘act as appropriate’ to sustain economic expansion The Federal Reserve on Friday repeated its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest…
Politics Jul 03 Trump says U.S. should start manipulating the dollar Such a move directly contradicts official U.S. policy.
Economy Jun 19 WATCH: Fed leaves its key rate unchanged but hints at future cuts The Federal Reserve signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.
Nation Jun 10 Trump complains about Fed’s policies and independence President Trump made clear in an interview with CNBC his frustration with a system that provides political independence for America's central bank — something most economists see as vital to its credibility.
Economy Jun 07 U.S. consumer borrowing rose $17.5 billion in April Consumer credit is a key indicator of the willingness of households to increase borrowing to support consumer spending, which accounts for 70 percent of economic activity.
Economy Jun 04 Powell hints Fed will cut rates if needed over trade wars Powell's remarks helped drive up stock prices, with the Dow Jones Industrial Average ending the day up more than 500 points, or 2 percent.