Stories 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

5 things to watch for from the Federal Reserve on Thursday

5 things to watch for when the Federal Reserve ends its policy meeting on Thursday.
By Martin Crutsinger

Wednesday, Sept. 16, 2015

As Fed meets, decision on rate hike may be a toss-up

As Fed meets, its decision on whether to raise rates from record lows may be a toss-up.
By Martin Crutsinger

Thursday, Sept. 3, 2015

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
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