Stories 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

Thursday, Dec. 3, 2015

Yellen says conditions falling into place for December rate hike

WASHINGTON — Federal Reserve Chairwoman Janet Yellen told Congress Thursday that economic conditions appear to be improving enough for policymakers to raise interest rates when they meet in two weeks.
By Martin Crutsinger

Wednesday, Nov. 25, 2015

Consumer spending up a weak 0.1 percent in October

ASHINGTON - Consumer spending posted a modest 0.1 percent increase for a second month in a row in October, while personal income rebounded after a sluggish September.
By Martin Crutsinger

Tuesday, Nov. 24, 2015

Economic growth revised upward for 3rd quarter

WASHINGTON - The U.S. economy grew at a slightly faster rate in the summer than previously reported, mainly because businesses restocked goods at a stronger pace than first thought.
By Martin Crutsinger

Wednesday, Nov. 18, 2015

Fed pondering December rate increase

WASHINGTON - Federal Reserve officials believed last month that the economic conditions needed to trigger the first interest rate increase in nearly a decade could "well be met" by their next ...
By Martin Crutsinger

Thursday, Oct. 29, 2015

Economic growth slows in third quarter

WASHINGTON - The U.S. economy slowed sharply in the summer, reflecting a cutback in businesses' stockpiling of goods, which offset solid consumer spending. 
By Martin Crutsinger

Wednesday, Oct. 28, 2015

Economy likely crawled in last quarter but outlook brightens

WASHINGTON - The U.S. economy has resembled an especially dizzying roller-coaster ride this year, with a hurtling dive followed by a steep climb leading to yet another slide.
By Martin Crutsinger

Fed keeps rate at record low; will consider increase in December

WASHINGTON - The Federal Reserve is keeping its key short-term interest rate at a record low in the face of a weak global economy, slower U.S. hiring and subpar inflation. 
By Martin Crutsinger

As Fed meets, investors look for clues but no rate hike yet

As Fed meets and issues statement, investors look for clues but no rate increase yet.
By Martin Crutsinger

Thursday, Oct. 22, 2015

Applications for US weekly jobless benefits rose last week

WASHINGTON — The number of Americans seeking unemployment benefits rose slightly last week but the four-week average declined to the lowest level in more than four decades, another sign the job ...
By Martin Crutsinger

Thursday, Oct. 8, 2015

Global worries kept Fed from hiking rates in September

WASHINGTON — Federal Reserve officials were almost ready to raise interest rates in September but held off because of China’s economic slowdown and its potential to derail U.S. growth and inflation.
By Martin Crutsinger

Friday, Oct. 2, 2015

Augusta-born Bernanke, in new memoir, recalls Lehman's 'surreal' failure

WASHINGTON - Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a "terrible, surreal moment.
By Martin Crutsinger

Friday, Sept. 25, 2015

Economy grew at 3.9 percent rate in spring

WASHINGTON - The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent ...
By Martin Crutsinger

Thursday, Sept. 24, 2015

Yellen expects Fed to increase rates by year's end

WASHINGTON - Fede­ral Reserve Chairwoman Janet Yellen said Thursday that she expects the central bank to begin raising interest rates from record lows by the end of the year.
By Martin Crutsinger

Thursday, Sept. 17, 2015

Fed does not raise rates

WASHINGTON — The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
By Martin Crutsinger
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Solid-waste director's job on line after pay hikes
Augusta Commission member Bill Lockett says Environmental Services Director Mark Johnson "deliberately circumented" the system to obtain raises for himself and nine subordinates.
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