Latest Economic outlook News

Asian stocks mixed after ECB announcement, US data

Jun. 14, 2018 11:20 PM EDT

SEOUL, South Korea (AP) — Asian stock markets were mixed Friday after Wall Street largely finished with gains following the European Central Bank's announcement to phase out its bond-buying stimulus. Upbeat U.S. data helped bolstered sentiment. KEEPING SCORE: Japan's Nikkei 225 added 0.4 percent to...

The Latest: European Central Bank says euro 'irreversible'

Jun. 14, 2018 9:59 AM EDT

RIGA, Latvia (AP) — The Latest on the European Central Bank's monetary policy meeting (all times local): 4:30 p.m. In response to a question about populist politicians' claim that the euro is not good for some countries, the head of the European Central Bank says the shared currency is irreversible. Mario...

The Latest: Fed uncertain on banking for marijuana firms

Jun. 13, 2018 3:26 PM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve policy meeting (all times local): 3:20 p.m. Federal Reserve Chair Jerome Powell says the U.S. central bank has not resolved how financial institutions should deal with marijuana businesses. Marijuana usage is permitted in some states, but not by federal...

Text of the Fed's statement after its meeting Wednesday

Jun. 13, 2018 2:34 PM EDT

WASHINGTON (AP) — Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined....

UK inflation figures suggest delay in interest rate hike

Jun. 13, 2018 6:41 AM EDT

LONDON (AP) — Official figures show that inflation in Britain remained at an annual rate of 2.4 percent in May, suggesting the central bank may delay an expected rate increase. Coming after other mixed economic figures, Wednesday's inflation data mean the Bank of England could put off increasing its key...

Anticipation surrounds Fed's rate forecasts after next hike

Jun. 13, 2018 12:16 AM EDT

WASHINGTON (AP) — The Federal Reserve is set Wednesday to modestly raise its key short-term interest rate for the second time this year. But attention will be focused mainly on any hints that the Fed might accelerate its rate hikes in the coming months. Some economists think the Fed will signal that it...

3 things to watch for from the Federal Reserve on Wednesday

Jun. 12, 2018 12:06 PM EDT

WASHINGTON (AP) — No one will likely be surprised by the announcement the Fed is set to make when its latest policy meeting ends Wednesday: That it's raising its key short-term interest rate for the second time this year. Economists from the nation's largest securities firms were unanimous in an outlook...

IMF agrees to $50 billion deal to help Argentina's economy

Jun. 7, 2018 9:54 PM EDT

WASHINGTON (AP) — Argentina and the International Monetary Fund agreed Thursday on a three-year $50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation. The IMF said the staff-level agreement will be subject to approval by the...

Business economists worry about possible recession in 2020

Jun. 4, 2018 12:12 AM EDT

WASHINGTON (AP) — A group of top business economists believes the major tax cuts President Donald Trump pushed through Congress will give a significant boost to economic growth this year and next year. But they worry that by 2020, the country could be entering a new recession. The National Association for...

US job growth might have picked up in May despite trade rift

Jun. 1, 2018 12:06 AM EDT

WASHINGTON (AP) — U.S. employers are thought to have hired at a solid pace in May and helped extend the economy's nearly nine-year expansion — the second-longest on record — despite uncertainty caused by trade disputes. Economists have forecast that employers added 190,000 jobs last month and...