Martin’s Recent Stories
Economy Apr 02IMF chief says global economy is at a ‘delicate moment’
Christine Lagarde said the IMF does not forecast a recession in its updated economic outlook to be released next week, but she called the current situation "precarious."…
Economy Mar 22Trump nominates economic analyst Stephen Moore to Federal Reserve
Moore served as an economic adviser to Trump during the 2016 presidential campaign, helping to draft his tax cut plan.
Economy Mar 20WATCH: Federal Reserve foresees no interest rate hikes in 2019
The Fed is all but sure to keep its key short-term rate — which can influence mortgages and credit cards — below 2.5 percent.
Politics Mar 05U.S. budget deficit up 77 percent so far this budget year
The higher deficit reflected greater spending in areas such as Social Security, defense and interest payments on the national debt. Meanwhile, the government collected lower taxes from individuals and corporations, reflecting the impact of the $1.5 trillion tax cut President…
Economy Mar 01Consumer spending falls sharply in December
U.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years.
Economy Feb 28Economic growth lagged in late 2018, government says
The government cited slower consumer spending as the biggest factor in the slowdown.
Economy Feb 25Former Fed chair Yellen critical of Trump’s grasp of economic policy
Former Fed chair Janet Yellen said President Donald Trump has made various inaccurate remarks about the Fed. The comments marked Yellen's most pointed criticism of Trump since he decided not to nominate her for a second term as Fed leader.
Economy Feb 22Federal Reserve says it will be ‘patient’ on interest rate hikes
The Fed's semi-annual report to Congress on monetary policy cites a range of risks to the economy that have developed over the last six months, as well as continued muted inflation as reasons to slow further hikes.
Economy Feb 13U.S. budget deficit running over 40 percent higher than last year
The Treasury Department said Wednesday that the budget deficit from October through December totals $318.9 billion, up from a deficit of $225 billion for the same three months in the previous year.
Economy Feb 12Fed chairman doesn’t see signs of economic downturn, yet ‘poverty remains a challenge’
In a visit to a historically black university in the Mississippi Delta, Jerome Powell said that many rural areas have not benefited from the national prosperity. He said those areas need special support.