Stories by Martin Crutsinger

US trade deficit drops to $41.9 billion in July, smallest in 5 months

The U.S. trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cellphones.
By Martin Crutsinger

Wednesday, Sept. 2, 2015

Fed survery finds housing, auto sales boosting growth

WASHINGTON - While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy ...
By Martin Crutsinger

Friday, Aug 28, 2015

Vice Chair Fischer suggests incoming data, markets could tip Fed to rate hike in September

What once seemed a sure bet - that the Federal Reserve would raise interest rates in September - suddenly appears less certain following a wild week of stock market turbulence.
By Martin Crutsinger

Thursday, Aug 27, 2015

US economy surged at 3.7 percent rate in second quarter

WASHINGTON - The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming ...
By Martin Crutsinger

Wednesday, Aug 26, 2015

NY Fed chief not confident in September rate hike

WASHINGTON - The head of the New York Federal Reserve Bank said Wednesday he's less inclined to support a Fed rate hike in September amid recent global turmoil, including falling oil prices and a ...
By Martin Crutsinger

Tuesday, Aug 25, 2015

US consumer confidence shows sharp rebound in August

US consumer confidence shows sharp rebound in August to highest reading in 7 months.
By Martin Crutsinger

Thursday, Aug 13, 2015

US business stockpiles jump in June

US business stockpiles jump 0.8 percent in June, biggest increase in more than 2 years.
By Martin Crutsinger

Monday, Aug 3, 2015

US consumer spending edges up in June

US consumer spending up 0.2 percent in June, weakest gain in 4 months; income rises.
By Martin Crutsinger

Wednesday, July 29, 2015

Fed holds steady on rates, seeks further economic gains

WASHINGTON - The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so.
By Martin Crutsinger

Monday, July 27, 2015

As Fed meets, it edges toward its first rate hike since 2006

WASHINGTON — As Fed meets, it edges toward its first rate increase since 2006, possibly in September.
By Martin Crutsinger

Thursday, July 23, 2015

Gauge of future health of economy up 0.6 percent in June

WASHINGTON — An index designed to predict the future health of the U.S. economy posted another solid increase in June, providing further hope that the economy will gain momentum in the second half ...
By Martin Crutsinger

Wednesday, July 15, 2015

Yellen testifies on interest rates, Fed transparency to House lawmakers

WASHINGTON — Fed Chairwoman Janet Yellen said Wednesday she is encouraged by signs that the economy is reviving after a brutal winter. And if the improvements stay on track, the Fed will likely ...
By Martin Crutsinger

Friday, July 10, 2015

Yellen says Fed still on track to raise rates this year

Federal Reserve Chair­woman Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed concerns over headwinds that are still holding back the U.S. ...
By Martin Crutsinger

Thursday, July 9, 2015

Applications for U.S. 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 reflected temporary auto plant shutdowns rather ...
By Martin Crutsinger

Tuesday, July 7, 2015

US trade deficit widens in May as exports struggle

US trade deficit widens 2.9 percent to $41.9 billion in May, reflecting drop in exports.
By Martin Crutsinger

Thursday, June 18, 2015

Woman to go on $10 bill

WASHINGTON - Alexander Hamilton, who has been featured on the $10 bill since 1929, is making way for a woman.
By Martin Crutsinger

Wednesday, June 17, 2015

Fed wants further gains before rate increase

WASHINGTON - The Federal Reserve took note Wednesday of a strengthening U.S. economy and appears on track to raise interest rates this year for the first time in nearly a decade.
By Martin Crutsinger

Tuesday, June 16, 2015

Fed will likely signal a rate hike

WASHINGTON - With evidence that the U.S. economy is rebounding from a winter slump, the Federal Reserve will likely signal this week that an interest rate increase is coming - just not quite yet.
By Martin Crutsinger

Wednesday, June 3, 2015

US trade deficit drops sharply in April

The U.S. trade deficit declined sharply in April as exports posted a modest gain and imports fell, raising hopes that trade's drag on economic growth will ease in the current quarter.
By Martin Crutsinger

Federal Reserve reports moderate economic growth

WASHINGTON - The U.S. economy was growing at a moderate pace in most regions of the country in April and May as consumers ramped up spending at retailers and auto dealers, the Federal Reserve said ...
By Martin Crutsinger
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