Survey: Business economists see slowdown in growth this year

Business 03/25/19, 08:26

The nation's business economists foresee a sharp slowdown in U.S. economic growth over the next two years, in sharp contrast to the Trump administration's predictions that growth will accelerate this year and next. That finding comes from the latest survey by the National Association for Business Economics being released Monday. Its ...

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

Business 03/20/19, 23:41

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 States and ...

White House foresees long economic boom where others don’t

Business 03/19/19, 04:13

Contrary to the views of most economists, the Trump administration expects the U.S. economy to keep booming over the next decade on the strength of further tax cuts, reduced regulation and improvements to the nation's infrastructure. The annual report from President Donald Trump's Council of Economic Advisers forecasts that the economy ...

President Trump highlights fast economic growth

Politics 03/18/19, 15:02

President Donald J. Trump tweeted on Monday morning that the gross domestic product (GDP) grew in 2018 at the fastest rate since 2005. GDP growth during the four quarters of 2018 was the fastest since 2005. This Administration is the first on record to have experienced economic growth that meets or ...

US job openings rise, outnumber the unemployed by 1 million

Business 03/15/19, 10:49

U.S. employers posted nearly 7.6 million open jobs in January, near a record high set in November, evidence that businesses are still hungry for workers despite signs the economy has slowed. The Labor Department said Friday that hiring also rose and the number of people quitting their jobs picked up. Quits ...

Powell says Trump’s comments played no role in rate pause

Politics 03/10/19, 18:59

Federal Reserve Chairman Jerome Powell said political attacks by President Donald Trump played no role in the Fed's decision in January to signal that it planned to take a pause in hiking interest rates. He also said in an interview broadcast Sunday, March 10,  that he can't be fired by ...

A hot US job market is coaxing people in from the sidelines

Business 03/07/19, 00:43

A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from? As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that they could ...

President Trump: We need a strong border, but not shut it out

Politics 03/06/19, 17:19

President Donald Trump talked about border security at the American Workforce Policy Advisory Board meeting. He asserted that a strong border is not shutting it out. Adviser to the President Ivanka Trump on Wednesday, March 6, hosted some of the country’s top CEOs—including Apple’s Tim Cook and Walmart’s Doug McMillon—for the ...

Americans credit President Trump as the economy continues to lift up

Politics 03/06/19, 12:50

A new Gallup poll on Tuesday delivered good news for President Donald Trump as his approval rating on the economy and other issues has reached a new high. According to Gallup, the poll showed that a majority of Americans approve of the economy and unemployment situation. Gallup reported: "President Donald Trump’s rating for ...

3 percent growth isn’t a fairytale, after all

Business 03/01/19, 11:29

For the first time in 13 years, America’s economy hit the 3 percent growth milestone for a calendar year, thanks to an expectations-beating fourth quarter in 2018. GDP grew by 3.1 percent from the fourth quarter of 2017 to the fourth quarter of 2018. Because of the math behind how GDP growth ...

Fed’s Powell predicts solid but slower growth in 2019

Business 02/26/19, 11:40

Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. In delivering the Fed's semiannual monetary report to Congress, Powell says ...

Our national debt just hit $22 trillion. Will Congress finally take it seriously?

Opinion 02/13/19, 20:18

Wow. $22 trillion. Let that huge number sink in. It’s the gross national debt reported Monday by the Treasury Department. The question is, now that we have crossed this inauspicious threshold, will Congress finally get serious about changing the nation’s budget course? For years, the Congressional Budget Office has warned that America’s growing debt ...

Trump has solid US economy for SOTU, but threats remain

Politics 02/05/19, 01:06

President Donald Trump will enjoy the backdrop of a mostly solid economy as he delivers his second State of the Union address Tuesday night, though questions about its sustainability linger. Trump will likely tout the latest signs of strength: Friday's jobs report showed that employers added the most jobs in January ...

Set against a shaky global picture, US economy looks sturdy

Business 02/02/19, 10:45

The U.S. economy, well into its 10th year of growth, still has a spring in its step. And it’s all the more visible when set against a tiring global picture. A robust January jobs report on Friday showed that America’s companies are, for now, brushing off an array of economic perils ...

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