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People shop on Black Friday at a Target store in Brooklyn, New York

Economy Jan 30

U.S. economy ends 2024 with solid growth, up 2.8 percent for full year

By Paul Wiseman, Associated Press

Nation Oct 30

FILE PHOTO: Grocery store in Washington
U.S. economy grew at a solid 2.8 percent pace last quarter with consumers driving growth

The gross domestic product — the economy’s total output of goods and services — did slow slightly from its 3% growth rate in the April-June quarter.

By Paul Wiseman, Associated Press

Economy Aug 30

FILE PHOTO: Job openings advertised at businesses in Cambridge
U.S. economic growth for last quarter revised down slighty to a 2.1 percent annual rate

The Commerce Department's second estimate of growth last quarter marked a slight acceleration from a 2 percent annual growth rate from January through March.

By Paul Wiseman, Associated Press

Economy Jan 26

FILE PHOTO: Startup Rivian Automotive's electric vehicle factory in Normal
U.S. economy expanded 2.9% last quarter in face of interest rates and recession fears

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.

By Paul Wiseman, Associated Press

Economy Sep 16

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. Photo by REUTERS/Leah Millis/File Photo
Federal Reserve sees interest rates near zero, at least through 2023

The Fed’s moves are occurring against the backdrop of an improving yet still weak economy, with hiring slowing and the unemployment rate at 8.4%.

By Christopher Rugaber, Associated Press

Sep 16

Report finds global economic outlook not as bad as expected

By Associated Press

The global economy is expected to rebound and grow by 5 percent next year, the Organization for Economic Cooperation and Development said in a report.

Continue reading

Aug 19

Majority of economists expect a recession by 2021, survey finds

By Associated Press

Thirty-four percent of economists surveyed by the National Association for Business Economics said they believe a slowing economy will tip into recession in 2021, while 38% predict a recession will occur in 2020.

Continue reading

Jul 30

What is GDP and is it the best way to measure the economy?

By Gretchen Frazee

Since the Great Recession, economists have increasingly questioned whether GDP is the best way to measure an economy’s health, and whether it disregards key factors that affect people’s well-being.

Continue reading

Jul 26

U.S. economy’s growth slows to 2.1 percent in 2nd quarter

By Martin Crutsinger, Associated Press

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.

Continue reading

Jun 07

U.S. consumer borrowing rose $17.5 billion in April

By Martin Crutsinger, Associated Press

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.

Continue reading

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Monday, Sep 8
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