Latest Economic policy News

World shares mostly higher ahead of US price data

Jun. 24, 2021 04:54 AM EDT

BANGKOK (AP) — World shares were mostly higher Thursday as investors awaited new U.S. inflation data. Benchmarks rose in Paris, Frankfurt and Hong Kong but were flat in Tokyo and Shanghai. Fresh data on inflation will come on Friday with the...

Asian shares mostly higher after listless session on Wall St

Jun. 24, 2021 00:34 AM EDT

BANGKOK (AP) — Shares were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent bout of nerves over Federal Reserve policy fades. Markets advanced in Tokyo, Seoul and Hong Kong while Sydney and Shanghai declined. ...

Delaware House approves budget bill for upcoming fiscal year

Jun. 23, 2021 18:01 PM EDT

DOVER, Del. (AP) — House lawmakers on Wednesday approved a spending plan for the fiscal year starting July 1 that adds hundreds of millions of dollars to the budget that Democratic Gov. John Carney proposed in January. House members voted 38-1, with two abstentions, for...

Supreme Court: Mortgage overseer structure unconstitutional

Jun. 23, 2021 17:28 PM EDT

WASHINGTON (AP) — The Supreme Court on Wednesday gave the president greater power to fire the head of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, ruling that the agency's structure violates separation of powers principles in the Constitution. ...

Czech central bank raises key rate to 0.5% to tame inflation

Jun. 23, 2021 09:10 AM EDT

PRAGUE (AP) — The Czech Republic’s central bank has increased its key interest rate by a quarter-point to 0.5% in efforts to tame inflation as the economy recovers from the coronavirus pandemic. Several members of the bank’s board had earlier indicated that...

Asia stocks rise after Fed chair says US inflation temporary

Jun. 22, 2021 23:36 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday after the Federal Reserve chairman said higher U.S. inflation probably is temporary, helping to calm fears central bankers might feel pressure to roll back economic stimulus. Market benchmarks...

Panel OKs NC Senate budget bill; Dems pan policy provisions

Jun. 22, 2021 18:14 PM EDT

RALEIGH, N.C. (AP) — Senate Republicans pushed their North Carolina government budget proposal through the chamber's largest committee Tuesday, rejecting Democratic critiques that the measure spends too little now and serves as a vehicle to sting the GOP's political rivals. ...

Louisiana planning $180M broadband internet expansion effort

Jun. 22, 2021 11:36 AM EDT

BATON ROUGE, La. (AP) — Louisiana intends to spend $180 million over three years on grants to telecommunication firms that construct broadband internet infrastructure in underserved communities, hoping to lessen a technology gap exacerbated by the coronavirus pandemic. ...

UK pushes Pacific trade talks amid broader new focus on Asia

Jun. 22, 2021 06:49 AM EDT

BANGKOK (AP) — The U.K. launched negotiations Tuesday to join a trans-Pacific trade bloc as it looks to explore new opportunities following its departure from the European Union and strengthen its strategic interests in Asia. The start of talks to join the Comprehensive...

Powell says economy growing rapidly, inflation up 'notably'

Jun. 21, 2021 19:54 PM EDT

WASHINGTON (AP) — The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday at a congressional oversight hearing. Still, Powell reiterated his view that...