Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. economy is performing well but he’s eyeing potential risks ahead. Those include a slowdown in global growth, the fading impact from tax cuts and the cumulative weight of the Fed’s ...

Tagged with: Economy

A revamping of the Federal Reserve’s leadership is widening with the announcement that William Dudley, president of the New York Fed and the No. 2 official on the Fed’s key interest rate panel, will retire next year. Earlier this month, ...

Tagged with: Donald Trump

A member of the Federal Reserve’s interest-setting committee said Wednesday it would be appropriate for the central bank to announce next month that it will begin trimming its $4.5 trillion balance sheet, but wait until December before raising a key ...

Tagged with: Federal Reserve

WASHINGTON (AP) — U.S. builders boosted spending on construction projects for a second straight month in November, pushing activity to the highest level in more than a decade. Construction spending rose 0.9 percent in November after a 0.6 percent increase ...

Tagged with: construction spending

WASHINGTON (AP) — U.S. builders trimmed spending on construction projects in August for a second straight month with housing, non-residential and government activity all seeing declines. Construction spending dropped 0.7 percent in August after a 0.3 percent slip in July, ...

Tagged with: construction

WASHINGTON (AP) — U.S. consumer confidence in September rose to the highest level in nine years, a hopeful sign that economic growth will accelerate in coming months. The Conference Board said Tuesday that its consumer confidence index rose to 104.1, ...

Tagged with: consumer confidence

WASHINGTON (AP) — Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West. New home sales dropped 7.6 percent last ...

Tagged with: new home sales

WASHINGTON (AP) — Janet Yellen’s Federal Reserve has demonstrated one of the core tenets of central banking: On the Fed panel that sets interest rates, some votes are more equal than others. The panel — the Federal Open Market Committee ...

Tagged with: Federal Reserve

WASHINGTON (AP) — The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year’s end. The Fed said in a statement ending its latest policy meeting Wednesday that the U.S. job ...

Tagged with: Federal Reserve

WASHINGTON (AP) — Again and again in recent months, the Federal Reserve has signaled that it’s edging closer to resuming the interest-rate hikes it began in December. It just doesn’t seem to be there quite yet. When the Fed ends ...

Tagged with: Federal Reserve