Latest Economic outlook News

Economists: Hawaii's economy will slow to near standstill

Sep. 20, 2019 4:24 PM EDT

HONOLULU (AP) — Hawaii's economy will likely slow to a near standstill in coming years, according to a new report published Friday. Economic growth will be less than 1% in each of the next three years, the University of Hawaii Economic Research Organization forecast in the report. "The outlook is for...

Forecasts: Colorado growth still strong, risks still there

Sep. 20, 2019 4:08 PM EDT

DENVER (AP) — High employment and consumer spending are keeping Colorado's economy strong, but government economists said Friday they're still watching for slower growth or even a recession in years ahead due to a weakening global economy and trade disputes. Both legislative and executive branch economists...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

Bankers expect slow economic growth amid trade war

Sep. 19, 2019 2:49 PM EDT

OMAHA, Neb. (AP) — Bankers in rural parts of 10 Plains and Western states expect slow growth in the months ahead, but the ongoing trade war between the U.S. and China is weighing on the economy. The Rural Mainstreet survey's overall index climbed into positive territory at 50.1 in September from August's...

A divided Fed reduces rates but may not cut again this year

Sep. 18, 2019 6:24 PM EDT

WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by...

Text of the Fed's statement after its meeting Wednesday

Sep. 18, 2019 3:11 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 July indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been...

The Latest: Powell says Fed facing "difficult judgments"

Sep. 18, 2019 3:01 PM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the course of...

US economy could shrug off oil prices if disruption is brief

Sep. 17, 2019 2:37 PM EDT

DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years, but...

German Economy Ministry: Long-term recession not expected

Sep. 13, 2019 4:57 AM EDT

BERLIN (AP) — The German government says the country's economy is in a weak phase but it doesn't currently see indications it will enter a long-term recession. The German economy, Europe's largest, contracted by 0.1% in the second quarter and is widely predicted to shrink again in the third quarter, which...

OPEC, allies weigh further oil production cut in December

Sep. 12, 2019 9:16 AM EDT

ABU DHABI, United Arab Emirates (AP) — OPEC and its non-cartel allies on Thursday discussed further cuts to oil production and the possibility of Iran re-entering the global market but said that any decision would have to wait for a meeting in December. Global oil prices fell on the news as forecasts...