Government, Technology, Fuel

Consumer Spending Up 0.3% in August

U.S. consumer spending edged up a moderate 0.3% in August, the smallest gain in six months, as sales of cars and other durable goods fell.

Martin Crutsinger | Associated Press
September 28, 2018
Government, Business

US Economy Grew at Robust 4.2% Rate in Q2

WASHINGTON — The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade

Martin Crutsinger | Associated Press
September 27, 2018
Government

Fed Raises Rates for Third Time This Year With One More Expected

WASHINGTON — The Federal Reserve signaled its confidence in the U.S. economy Sept. 26 by raising a key interest rate for a third time this year, forecasting another rate hike before year’s end.

Martin Crutsinger | Associated Press
September 27, 2018
Government, Business

August Housing Construction Up 9.2%, But Permits Slide

WASHINGTON — U.S. home construction rebounded in August at the fastest pace in seven months, but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs.

Martin Crutsinger | Associated Press
September 19, 2018
Government, Business

Fed Survey Finds Concerns About Rising Trade Tensions

WASHINGTON — The Federal Reserve reported Sept. 12 that its latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.

Martin Crutsinger | Associated Press
September 13, 2018
Government, Business

US Economy Grew at Brisk 4.2% Annual Rate Last Quarter

WASHINGTON — The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

Martin Crutsinger | Associated Press
August 29, 2018
Government, Business

US Productivity Posts 2.9% Growth in 2Q

WASHINGTON — U.S. productivity grew at an annual rate of 2.9% in the second quarter, the fastest pace in more than three years, while labor costs actually fell.

Martin Crutsinger | Associated Press
August 15, 2018
Government, Business

Consumer Spending Up Solid 0.4% in June

WASHINGTON — Consumer spending rose by a solid 0.4% in June, while a key gauge of inflation increased at an annual pace of 2.2% for a second straight month — the strongest back-to-back gains in six years.

Martin Crutsinger | Associated Press
July 31, 2018
Government, Business

US Economy Surges to 4.1% Growth Rate in 2Q

WASHINGTON — The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That’s the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.

Martin Crutsinger | Associated Press
July 27, 2018
Government, Business

US Consumer Borrowing Up $11.6 Billion in March

WASHINGTON — Americans increased their borrowing by $11.6 billion in March as a big increase in the category that covers auto and student loans offset the largest monthly drop in credit card borrowing in more than five years.

Martin Crutsinger | Associated Press
May 7, 2018