WASHINGTON (AP) — Federal Reserve Vice Chairman Stanley Fischer said Friday that incoming economic data and market developments will likely determine whether the Fed boosts interest rates in September. Before the recent turbulence in financial markets, there was a “pretty ...Read More »
Author Archives: Martin Crutsinger, AP Economics WriterFeed Subscription
WASHINGTON (AP) — U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building. Construction spending edged up a slight 0.1 percent ...
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WASHINGTON — Federal Reserve Chair Janet Yellen sees a number of encouraging signs that the economy is reviving after a brutal winter and says if the improvements stay on track, the Fed will likely start raising interest rates later this ...
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WASHINGTON — U.S. construction spending posted a solid gain in May, pushing total activity to the highest point since the fall of 2008, with the strength led by a big jump in non-residential projects. Total construction spending increased 0.8 percent ...
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WASHINGTON — The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit. The government’s revised estimate for last quarter was weaker than ...Read More »
WASHINGTON — The panel created to prevent a repeat of the 2008 financial crisis said Tuesday that banks and other financial institutions are stronger now but regulators must remain alert to new risks including the danger posed from cyberattack. In ...Read More »