Stories 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

Friday, May 29, 2015

Economy shrank in winter but staging spring rebound

WASHINGTON - The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.
By Martin Crutsinger

Wednesday, May 6, 2015

Yellen says bank regulators making progress in reforms

WASHINGTON — Federal Reserve Chair Janet Yellen said Wednesday that the Fed and other banking regulators have made significant progress in correcting flaws in the financial system.
By Martin Crutsinger

Tuesday, May 5, 2015

Trade deficit swells to 6-year high of $51.4 billion

WASHINGTON - The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first ...
By Martin Crutsinger

Friday, May 1, 2015

US construction spending drops 0.6 percent in March

US construction down 0.6 percent in March on fewer home building and government projects.
By Martin Crutsinger

Thursday, April 30, 2015

Spring awakening: US consumer spending rose in March

US consumer spending posts strongest gain in 4 months, while incomes flat.
By Martin Crutsinger

Wednesday, April 29, 2015

US economy ekes out 0.2 percent growth rate in first quarter

WASHINGTON — The U.S. economy skidded to a near halt in the first three months of the year, battered by a triple whammy of harsh weather, plunging exports and sharp cutbacks in oil and gas drilling.
By Martin Crutsinger

Monday, April 27, 2015

With economy uncertain, no Fed rate hike is seen before fall

With US economy still uncertain, a Fed rate increase seems unlikely before fall at earliest.
By Martin Crutsinger

Wednesday, April 15, 2015

Fed survey finds US economy growing at moderate pace

Federal Reserve survey finds moderate growth with strong dollar hurting some industries.
By Martin Crutsinger
Search Augusta jobs