Stories by Martin Crutsinger

Wednesday, July 27, 2016

Fed suggests possible rate increase in fall

WASHINGTON - The Federal Reserve said Wednesday that near-term risks to the U.S. economy have diminished, reviving the prospect that it will resume raising interest rates as soon as September. The ...
By Martin Crutsinger

Wednesday, July 6, 2016

Job growth, Britain vote weighed on Fed officials

WASHINGTON - Federal Reserve policymakers expressed uncertainty last month about the outlook for the U.S economy because of a sharp slowdown in job growth and the threat posed by a potential vote ...
By Martin Crutsinger

Tuesday, June 21, 2016

Fed chief says uncertainties justify cautious approach

WASHINGTON - Fede­ral Reserve Chairwoman Ja­net Yellen said Tuesday that the U.S. economy faces numerous uncertainties from slowing job growth to stubbornly low inflation that compel the ...
By Martin Crutsinger

Monday, June 13, 2016

Fed likely to send a wait-and-see message this week

This month, when the government issued a bleak hiring report for May, it raised doubts about the health of the job market. And it caused most Fed-watchers to put off their predictions for the next ...
By Martin Crutsinger

Friday, June 10, 2016

Federal government budget deficit declined sharply in May

WASHINGTON - The federal government's budget deficit shrank sharply in May because of a calendar quirk. But even with latest improvement, the deficit for the first eight months of this budget year ...
By Martin Crutsinger

Friday, May 27, 2016

Economy shows signs of life after slow first quarter

WASHINGTON - The U.S. economy is showing signs of more life after a less-than-stellar start to the year. The government said Friday that first-quarter growth, while disappointing, wasn't as bad as ...
By Martin Crutsinger

Wednesday, May 18, 2016

Fed likely to raise rates in June if economy keeps improving

Catching many investors off guard, the Federal Reserve made clear Wednesday that an interest rate hike in June is likely if the economy keeps improving.
By Martin Crutsinger

Tuesday, May 17, 2016

Consumer prices post April increase

WASHINGTON - U.S. consumer prices jumped in April by the largest amount in more than three years, reflecting a surge in the price of gasoline and other energy products. But outside of volatile ...
By Martin Crutsinger

Wednesday, April 27, 2016

Fed keeps key interest rate unchanged

The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.
By Martin Crutsinger

Wednesday, April 20, 2016

Harriet Tubman to go on $20 bill amid other changes

The leader of the Underground Railroad will replace the portrait of Andrew Jackson, the nation's seventh president and a slave owner, who will be pushed to the back of the bill, Treasury Secretary ...
By Martin Crutsinger

Monday, April 18, 2016

Women could be honored on $10, $20 bills

WASHINGTON - Should Andrew Jackson, America's seventh president, be worried? Is it true that his days on the $20 bill may be numbered?
By Martin Crutsinger

Thursday, April 7, 2016

Fed chief says rate increase not a mistake

WASHINGTON — Federal Reserve Chairwoman Janet Yellen said Thursday that the central bank did not make a mistake in boosting interest rates in December.
By Martin Crutsinger

Friday, March 25, 2016

Household spending and home building fuel modest US growth

Consumer spending and home construction are helping sustain modest U.S. economic growth despite problems caused by a strong dollar, low oil prices and an excess of business stockpiles.
By Martin Crutsinger

Wednesday, March 16, 2016

Fed keeps key rates unchanged; foresees fewer increases

The Federal Reserve is keeping a key interest rate unchanged in light of global pressures that risk slowing the U.S. economy.
By Martin Crutsinger

Thursday, Feb. 11, 2016

Yellen won't gauge effect of overseas turmoil yet

WASHINGTON - Federal Reserve Chair­wo­man Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks ...
By Martin Crutsinger

Wednesday, Feb. 10, 2016

Fed could delay rate increases, Yellen says

WASHINGTON - Fede­ral Reserve Chairwoman Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed ...
By Martin Crutsinger

Friday, Jan. 29, 2016

Economy grows at meager pace in 4th quarter

WASHINGTON - The U.S. economy struggled to grow in the October-December quarter as consumer spending, business investment and exports slowed. 
By Martin Crutsinger

Wednesday, Jan. 27, 2016

Fed mulls slowing pace of interest rate increases

WASHINGTON - The Federal Reserve sounded a note of concern Wednesday about how global pressures could affect a slowing U.S. economy, while keeping a key interest rate unchanged.
By Martin Crutsinger

Wednesday, Dec. 16, 2015

Federal Reserve raises key interest rate by quarter-point

The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted ...
By Martin Crutsinger

Tuesday, Dec. 15, 2015

US consumer prices unchanged in November

US consumer prices unchanged in November; energy and food costs decline.
By Martin Crutsinger
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Clinton promises steady leadership
PHILADELPHIA - Promising Americans a steady hand, Hillary Clinton cast herself Thursday night as a unifier for divided times, an experienced leader steeled for a volatile world. She aggressively ...