Martin’s Recent Stories
Economy Aug 23Fed Chair Powell gives no clear hint on interest rates
Speaking to a gathering of central bankers in Jackson Hole, Wyoming, Powell reiterated that the Fed "will act as appropriate" to sustain the expansion.
Economy Aug 21Notes from Fed’s July meeting show officials widely divided on rate cut
Some argued for a bigger rate cut, while others insisted the Fed should not cut rates at all.
Economy Aug 19Trump calls on Federal Reserve to cut interest rates
Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point "over a fairly short period of time."…
Economy Jul 31WATCH: Federal Reserve cuts key rate for first time in a decade
The central bank cut its benchmark rate — which affects many loans for households and businesses — by a quarter-point to a range of 2 percent to 2.25 percent.
Economy Jul 313 things to watch at the Federal Reserve as it’s poised to cut interest rates
The Fed under Chairman Jerome Powell has signaled a belief that uncertainties and threats unleashed by President Donald Trump's trade war and by a global slowdown justify a Fed rate cut.
Politics Jul 29U.S. Treasury projects it will borrow $433 billion this quarter
Market borrowing for this budget year is projected to total $1.27 trillion, a 6.5% increase from the 2018 budget year.
Economy Jul 26U.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 11U.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 11WATCH: 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 10WATCH: 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.