Latest Economic outlook News

Survey: Business economists foresee persistent inflation

Dec. 06, 2021 00:07 AM EST

WASHINGTON (AP) — The nation's business economists have sharply raised their forecasts for inflation, predicting an extension of the price spikes that have resulted in large part from bottlenecked supply chains. A survey released Monday by the National Association for...

Stocks slump after murky jobs report as markets swing

Dec. 03, 2021 16:46 PM EST

A week of volatile swings on Wall Street ended Friday with more losses for stocks, as a mixed batch of U.S. job market data triggered another bout of dizzying trading. The S&P 500 closed 0.8% lower after erasing a 0.7% gain in the early going. The benchmark index was...

Windfall boosts chances of New Mexico pay raises, policing

Dec. 03, 2021 16:16 PM EST

SANTA FE, N.M. (AP) — New Mexico government economists on Friday announced a new surge in state income as legislators consider proposals to raise pay for public school teachers, a possible hiring spree for local police officers and new efforts to bolster essential public services amid the...

Economists: Kentucky farm sector may reap record receipts

Dec. 02, 2021 13:34 PM EST

Having endured bumpy seasons of global trade fights and slumping commodity prices, Kentucky agriculture appears poised to reap record-setting cash receipts this year — fueled by strong crop yields and surging grain exports, agricultural economists said Thursday. ...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:38 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Asian markets mixed after Wall St decline, virus unease

Dec. 01, 2021 23:25 PM EST

BEIJING (AP) — Asian stock markets were mixed Thursday after a turbulent day on Wall Street as traders tried to forecast the impact of the coronavirus's omicron variant. Shanghai and Tokyo fell while Hong Kong and Seoul advanced. Wall Street's...

Powell: Fed 'not at all sure' inflation will fade next year

Dec. 01, 2021 14:05 PM EST

WASHINGTON (AP) — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial...

This Week: Consumer confidence, Beige book, Nonfarm payrolls

Nov. 29, 2021 01:01 AM EST

A look at some of the key business events and economic indicators upcoming this week: EYE ON CONSUMERS The Conference Board delivers its monthly index of U.S. consumer confidence Tuesday. The November index is expected to show a...

Europe's Christmas markets warily open as COVID cases rise

Nov. 25, 2021 12:10 PM EST

FRANKFURT, Germany (AP) — The holiday tree is towering over the main square in this central German city, the chestnuts and sugared almonds are roasted, and kids are clambering aboard the merry-go-round just like they did before the pandemic. But a surge in coronavirus infections has left an...

Americans are spending but inflation casts pall over economy

Nov. 24, 2021 18:41 PM EST

WASHINGTON (AP) — Americans are doing the main thing that drives the U.S. economy — spending — but accelerating inflation is casting a pall. A raft of economic data issued Wednesday showed the economy on solid footing, with Americans’ incomes rising and jobless...