Stories by Martin Crutsinger

Thursday, July 17, 2014

Home construction drops to slowest pace in 9 months

WASHINGTON - U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.
By Martin Crutsinger

Tuesday, July 15, 2014

Yellen says economy still needs Fed support

Federal Reserve Chairwoman Janet Yellen says economy still needs high degree of Fed support because recovery not yet complete.
By Martin Crutsinger

Wednesday, July 9, 2014

Fed details end of bond-buying program

WASHINGTON - Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive ...
By Martin Crutsinger

Wednesday, July 2, 2014

Yellen sees little threat to financial stability

WASHINGTON - Federal Reserve Chairwoman Janet Yellen said Wednesday that she doesn't see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could ...
By Martin Crutsinger

Wednesday, June 25, 2014

Economy shrank at 2.9 percent rate last quarter

WASHINGTON - The U.S. economy declined at an annual rate of 2.9 percent in the January-March quarter. But the setback is widely thought to be temporary.
By Martin Crutsinger

Tuesday, June 24, 2014

New home sales surge in May

WASHINGTON - Sales of new U.S. homes rose in May to the highest level in six years, providing the strongest signal yet that housing is recovering.
By Martin Crutsinger

Wednesday, June 18, 2014

Fed further slows pace of bond buying

WASHINGTON - The U.S. economy still isn't healthy enough to grow at a consistently strong pace without the Federal Reserve's help. That was the message Fed Chair Janet Yellen sent Wednesday.
By Martin Crutsinger

Friday, May 30, 2014

US consumer spending down 0.1 percent in April

US consumer spending slipped in April, but economic rebound still on track.
By Martin Crutsinger

Thursday, May 29, 2014

Economy set for rebound after 1Q shrink

WASHINGTON - The U.S. economy took a beating from an especially harsh winter during the January-March quarter, skidding into reverse for the first time in three years.
By Martin Crutsinger

US economy shrank at 1 percent rate in Q1

US economy fell at annual rate of 1 percent in the first quarter, before likely rebound.
By Martin Crutsinger

Wednesday, May 7, 2014

Yellen foresees continued low borrowing rates

WASHINGTON - Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy is improving but noted that the job market remains "far from satisfactory" and inflation is still below the ...
By Martin Crutsinger

Wednesday, April 30, 2014

Economy slowed to 0.1 percent growth rate

The U.S. economy slowed sharply in the first three months of the year as a harsh winter exacted a toll on business activity. The slowdown, while worse than expected, is likely to be temporary as ...
By Martin Crutsinger

Monday, April 28, 2014

Fed to reiterate flexible policy

In her first weeks as Federal Reserve chair, Janet Yellen has made one thing clear: The Fed will keep all options open in deciding when to raise interest rates from record lows.
By Martin Crutsinger

Tuesday, April 15, 2014

Bank rules might need to be strengthened, Yellen says

WASHINGTON - The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be ...
By Martin Crutsinger

Monday, April 14, 2014

US retail sales up 1.1 percent

WASHINGTON - U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.
By Martin Crutsinger

Tuesday, March 25, 2014

Consumer confidence rises

WASHINGTON - U.S. consumer confidence has rebounded to the highest reading in six years, providing a further sign that the economy's prospects should brighten with warmer weather.
By Martin Crutsinger

Wednesday, March 19, 2014

Fed clarifies guidance on short-term rates

Janet Yellen says Fed intends to keep short-term rates near zero for a "considerable" time and would raise them only gradually.
By Martin Crutsinger

Thursday, Feb. 27, 2014

Yellen says Fed is monitoring softer data

Federal Re­serve Chairwoman Janet Yel­len noted Thursday that recent economic data have pointed to weaker-than- expected gains in consumer spending and job growth.
By Martin Crutsinger

Friday, Feb. 21, 2014

2008 transcripts show Fed struggling to grasp crisis

The Federal Reserve agonized in 2008 over how far to go to stop a financial crisis that threatened to cause a recession and at times struggled to recognize its speed and magnitude, according to ...
By Martin Crutsinger

Tuesday, Feb. 11, 2014

Expect continuity at the Fed, Yellen says

In her first public comments since taking over the top Fed job, Yellen said she expects a "great deal of continuity" with Ben Bernanke.
By Martin Crutsinger

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