Stories by Martin Crutsinger

Wednesday, Oct. 12, 2016

Fed saw its September decision as 'close call'

WASHINGTON - Federal Reserve officials last month kept a key interest rate unchanged but saw the decision as a "close call." Many believed that the case for a rate increase had strengthened in ...
By Martin Crutsinger

Friday, Sept. 30, 2016

US consumer spending flat in August

WASHINGTON - U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary ...
By Martin Crutsinger

Wednesday, Sept. 21, 2016

Fed keeps key rate unchanged but hints of coming hike

WASHINGTON - The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end.
By Martin Crutsinger

Monday, Sept. 19, 2016

Fed likely to leave rates alone

WASHINGTON - Again and again in recent months, the Federal Reserve has signaled that it's edging closer to resuming the interest-rate increases it began in December. It just doesn't seem to be ...
By Martin Crutsinger

Tuesday, Sept. 13, 2016

Atlanta Fed president announces he will step down

WASHINGTON - Dennis Lockhart, the president of the Federal Reserve's Atlanta regional bank, announced Tuesday that he plans to step down in February of next year.
By Martin Crutsinger

Friday, Aug 26, 2016

Yellen suggests rate increase coming but offers no timetable

WASHINGTON - Federal Reserve Chair­woman Janet Yellen said Friday that the case for raising interest rates has strengthened in light of a solid job market and an improved outlook for the U.S. ...
By Martin Crutsinger

Wednesday, Aug 17, 2016

Fed minutes offer signs of rate increase nearing

WASHINGTON - Federal Reserve officials believed last month that near-term risks to the U.S. economy had subsided and that an interest rate increase could soon be warranted, but they did not ...
By Martin Crutsinger

Friday, Aug 5, 2016

US trade deficit climbs to 10-month high

WASHINGTON — The U.S. trade deficit increased to the highest point in 10 months, driven up by a big rise in imports of oil and Chinese-made computers, cellphones and clothing.
By Martin Crutsinger

Tuesday, Aug 2, 2016

Consumer spending grew a solid .4 percent in June, officials say

WASHINGTON - American consumers turned in another strong month of spending in June despite a decline in spending on autos.
By Martin Crutsinger

Friday, July 29, 2016

US economy sees weak growth in spring

WASHINGTON - Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in ...
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
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