MARTIN CRUTSINGER

Consumer spending posts slower growth in July

WASHINGTON — American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly.

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Consumer borrowing increases jumped again in May

WASHINGTON — Consumers increased their borrowing in May with use of credit cards and the category that covers student and auto loans... Read more

OECD forecasts stronger US growth in 2017

WASHINGTON — A Paris-based international group is forecasting that the U.S. economic expansion, celebrating its seventh birthday this... Read more

US budget deficit shrank in May

WASHINGTON — The federal government’s budget deficit shrank sharply in May because of a calendar quirk. But even with latest improvement... Read more

US trade deficit increases 5.3 percent to $37.4 billion

WASHINGTON — The U.S. trade deficit, after falling to the lowest point in more than two years, increased in April as a surge in imported... Read more

US consumer borrowing jumps 10 percent in March

WASHINGTON — U.S. consumers sharply increased use of their credit cards in March, pushing up total borrowing at the fastest pace in more... Read more

Fed keeps key rates unchanged, foresees fewer hikes in 2016

WASHINGTON — The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S.... Read more

US budget deficit running lower this year than in 2015

WASHINGTON — The federal government recorded a budget deficit in February only slightly larger than a year ago. For the first five months... Read more

US durable goods orders jumped in January

WASHINGTON — Orders to U.S. companies for long-lasting manufactured goods advanced in January at the strongest pace in 10 months. Moreover, a... Read more

Yellen: Too early to determine impact of global developments

WASHINGTON — Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s... Read more

Global worries kept Fed from hiking rates in September

Global worries kept Fed from hiking rates in September

BY MARTIN CRUTSINGER

ASSOCIATED PRESS

WASHINGTON — Federal Reserve... Read more

Consumer spending up moderate 0.3 percent in July

WASHINGTON — U.S. consumers increased their spending moderately in July, as wages and salaries made their biggest jump in eight months.

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US producer prices up just 0.2 percent in

WASHINGTON — Prices charged by producers rose more slowly in July, reflecting declines in both food and energy.

The Labor Department... Read more

Yellen: Fed still on track to raise rates this year

WASHINGTON — Federal Reserve Chair Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed... Read more

Applications for US jobless benefits rose again last week

WASHINGTON — The number of people seeking unemployment benefits rose last week to the highest level since late February. But the increase likely... Read more

US factory orders fell 1 percent in May

WASHINGTON — Orders to U.S. factories fell in May by the largest amount in three months, while a key category that signals business investment... Read more

Fed is moving toward rate hike, but when is still unclear

WASHINGTON — The Federal Reserve took note Wednesday of a strengthening U.S. economy and appears on track to finally raise interest rates... Read more

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