Latest Economy News

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 2:01 AM EDT

BANGKOK (AP) — Shares advanced across Asia on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index rose 0.9 percent to 3,119.72 while Hong Kong's Hang Seng gained 0.2 percent to 29,371.12. South Korea's Kospi climbed 0.5 percent to...

Asian shares gain as Fed says it will hold off on rate hikes

Mar. 21, 2019 1:48 AM EDT

BANGKOK (AP) — Shares in Asia were mostly higher on Thursday after the Federal Reserve said it has ruled out interest rate increases for this year. The Shanghai Composite index advanced 0.6 percent to 3,109.48 while Hong Kong's Hang Seng gained 0.2 percent to 29,365.55. South Korea's Kospi climbed 0.3...

Costa Rica president wants free elections for Nicaragua

Mar. 21, 2019 1:37 AM EDT

SEATTLE (AP) — Costa Rican President Carlos Alvarado has said Central America should not be satisfied until Nicaragua holds free elections and re-establishes a free press, democracy and human rights guarantees. "We should not be tranquil until those (are) re-established there," he said in an interview with...

New Fed forecast for 2019: Slower growth and zero rate hikes

Mar. 21, 2019 12:11 AM EDT

WASHINGTON (AP) — The Federal Reserve sent a stark message Wednesday: The economy is slowing. And it won't be raising interest rates anytime soon. The Fed left its key short-term rate unchanged and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United...

AP FACT CHECK: Trump attacks Russia probe as biased

Mar. 20, 2019 8:05 PM EDT

WASHINGTON (AP) — Seeking to discredit a highly anticipated report on the Russia investigation, President Donald Trump is attacking the appointment of special counsel Robert Mueller by falsely claiming it was biased and conflicted. He suggested in remarks to reporters Wednesday that Mueller's appointment...

Trump says Ohio workers 'better love me,' renews McCain feud

Mar. 20, 2019 6:57 PM EDT

LIMA, Ohio (AP) — President Donald Trump on Wednesday brought his re-election campaign to Ohio — a state essential to his 2020 strategy — touring a military tank plant and telling many of its cheering workers: "You better love me. I kept this place open." Trump also used the visit to...

UN rights chief: US sanctions could deepen Venezuelan crisis

Mar. 20, 2019 6:05 PM EDT

CARACAS, Venezuela (AP) — The United Nations' high commissioner for human rights said Wednesday that recent U.S. sanctions that are aimed at toppling Venezuelan President Nicolas Maduro threaten to deepen the nation's crisis. Commissioner Michelle Bachelet told the Human Rights Council of the U.N. that...

Federal Reserve foresees no interest rate hikes in 2019

Mar. 20, 2019 6:01 PM EDT

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United States and abroad. The Fed said it was keeping its benchmark rate — which can influence everything from...

How major US stock indexes fared Wednesday

Mar. 20, 2019 5:16 PM EDT

Stocks got a brief bump from news that the Federal Reserve doesn't plan to raise rates this year, but still ended mostly lower Wednesday after those gains faded. Bond prices rose sharply after the Fed forecast slower economic growth. That sent bond yields down to the lowest they've been in more than a year. Banks...

Text of the Fed's statement after its meeting Wednesday

Mar. 20, 2019 5:06 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in January indicates that the labor market remains strong but that growth of economic activity has slowed from its solid rate in the fourth...