Latest Economic outlook News

The Latest: Fed sees no risk to dollar from cryptocurrencies

Jun. 19, 2019 3:11 PM EDT

NEW YORK (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:10 p.m. Federal Reserve Chairman Jerome Powell is downplaying the possibility that digital currencies such as Facebook's planned "Libra" could supplant government-backed dollars any time soon. Powell tells...

Text of the Fed's statement after its meeting Wednesday

Jun. 19, 2019 2:35 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 May indicates that the labor market remains strong and that economic activity is rising at a moderate rate. Job gains have been solid, on...

3 things to watch for from the Federal Reserve on Wednesday

Jun. 18, 2019 12:10 PM EDT

WASHINGTON (AP) — The Federal Reserve is likely — if not certain — to leave interest rates alone when its latest policy meeting ends Wednesday. But expectations are high that the Fed and its chairman, Jerome Powell, will signal that a rate cut may come soon for the first time in more than a...

Fed likely to leave rates alone but signal readiness to cut

Jun. 17, 2019 11:59 AM EDT

WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference, the...

US retail sales rose 0.5% in May, led by online shopping

Jun. 14, 2019 9:21 AM EDT

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that recent worries about cautious consumers dragging on growth may have been overdone. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure...

The Latest: Iran's president meets with German FM in Tehran

Jun. 10, 2019 9:46 PM EDT

TEHRAN, Iran (AP) — The Latest on tensions between Iran and the U.S. and developments in the Persian Gulf region (all times local): 3:45 p.m. Iran's President Hassan Rouhani has met with Germany's top diplomat amid heightened tensions over the country's unravelling nuclear accord with world powers. Rouhani...

Stern words from Iran: US cannot 'expect to stay safe'

Jun. 10, 2019 5:04 PM EDT

TEHRAN, Iran (AP) — Iran's foreign minister warned the U.S. on Monday that it "cannot expect to stay safe" after launching what he described as an economic war against Tehran, taking a hard-line stance amid a visit by Germany's top diplomat seeking to defuse tensions. A stern-faced Mohammad Javad Zarif...

Iran's foreign minister says the US, which launched an 'economic war' against Tehran, 'cannot expect to stay safe'

Jun. 10, 2019 5:38 AM EDT
TEHRAN, Iran (AP) — Iran's foreign minister says the US, which launched an 'economic war' against Tehran, 'cannot expect to stay safe'

GOP officials rehash old fight against Volkswagen union vote

Jun. 7, 2019 4:08 PM EDT

NASHVILLE, Tenn. (AP) — Top Tennessee Republicans are predicting economic harm if workers at Volkswagen's car assembly plant in Chattanooga vote to unionize, and they are following a blueprint that helped GOP officials sink a similar vote five years ago. Volkswagen workers in Chattanooga voted 712-626...

US hiring slows amid trade rifts and weaker global economy

Jun. 7, 2019 3:35 PM EDT

WASHINGTON (AP) — U.S. hiring stumbled in May as employers added just 75,000 jobs, a sign that businesses have become more cautious in the face of weaker global growth, widening trade conflicts and perhaps some difficulty finding enough workers. Last month's modest job gain followed a much healthier...