Economic outlook

March 22, 2018 - 9:12 am
LONDON (AP) — The Bank of England kept its interest rates unchanged Thursday but appeared to hint that another rate hike in May was possible as inflation remains high. The minutes to the meeting showed that two of the nine members on the Monetary Policy Committee backed an immediate quarter-point...
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March 22, 2018 - 8:22 am
LONDON (AP) — The Bank of England kept its interest rates unchanged Thursday but appeared to issue another broad hint that they may rise again in May to get inflation back to target. The minutes to the meeting showed that two of the nine members on the Monetary Policy Committee backed an immediate...
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FILE - In this March 1, 2018, file photo, Federal Reserve Chairman Jerome Powell testifies as he gives the semiannual monetary policy report to the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve’s first meeting under Powell’s leadership will likely end Wednesday, March 21, with an announcement that the Fed will resume its modest interest rate hikes. (AP Photo/Jacquelyn Martin, File)
March 20, 2018 - 11:38 am
WASHINGTON (AP) — Federal Reserve officials are meeting this week for the first time under their new chairman, Jerome Powell, whose news conference to follow is stirring high anticipation. The Fed is set to announce its first interest rate increase of the year, a testament to the continued strength...
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FILE - In this March 1, 2018, file photo, Federal Reserve Chairman Jerome Powell testifies as he gives the semiannual monetary policy report to the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve’s first meeting under Powell’s leadership will likely end Wednesday, March 21, with an announcement that the Fed will resume its modest interest rate hikes. (AP Photo/Jacquelyn Martin, File)
March 19, 2018 - 12:16 pm
WASHINGTON (AP) — The Federal Reserve's first meeting under Jerome Powell's leadership will likely end Wednesday with an announcement that the Fed will resume its modest interest rate hikes. But investors will be most attuned to what Powell signals at his first news conference about whether and how...
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FILE- In this Monday, Feb. 26, 2018, photo, work continues on a new development in Fair Lawn, N.J. On Friday, March 9, the Labor Department reported that U.S. employers added 313,000 jobs in February, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. (AP Photo/Seth Wenig, File)
March 09, 2018 - 10:57 am
WASHINGTON (AP) — U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. At the same time, average wages rose 2.6 percent over the past 12 months, a slowdown from January's...
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FILE- In this Monday, Feb. 26, 2018, photo, work continues on a new development in Fair Lawn, N.J. On Friday, March 9, the Labor Department reported that U.S. employers added 313,000 jobs in February, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. (AP Photo/Seth Wenig, File)
March 09, 2018 - 9:26 am
WASHINGTON (AP) — U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market. At the same time, average wages rose 2.6 percent over the past 12 months, a slowdown from January's...
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A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, March 5, 2018. Asian shares fell in early trading Monday as investors evaluated the uncertain results of Italian elections and a report on China's economic plans for the year ahead. (AP Photo/Vincent Yu)
March 05, 2018 - 1:50 am
HONG KONG (AP) — Asian shares fell Monday as investors evaluated Beijing's annual growth forecast for the Chinese economy while the uncertain outcome of Italian elections weighed on sentiment. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.7 percent to 21,042.09 and South Korea's Kospi...
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March 01, 2018 - 10:31 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell had a smooth public debut in his new job as head of the nation's central bank. But investors want to know whether he is really as optimistic about economic prospects as he appeared to be. Powell's optimism in testimony before a House...
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FILE- In this Jan. 30, 2018, file photo, a container ship waits to be unloaded at the Port of Oakland in Oakland, Calif. Economists project that the U.S. economy's rate of growth slowed in the last three months of 2017. On Wednesday, Feb. 28, 2017, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the October-December quarter. (AP Photo/Ben Margot, File)
February 28, 2018 - 11:04 am
WASHINGTON (AP) — U.S. economic growth was revised down slightly to a still-solid 2.5 percent annual rate in the final three months of last year, as business spent less on investment and restocking shelves than the government had previously estimated. The fourth quarter advance in the gross...
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A woman uses a smartphone in front of an electronic stock indicator of a securities firm in Tokyo, Wednesday, Feb. 28, 2018. Asian shares slid in subdued trading Wednesday after the head of the U.S. Federal Reserve said that he's feeling more optimistic about the economy. (AP Photo/Shizuo Kambayashi)
February 28, 2018 - 3:48 am
TOKYO (AP) — Global shares slid in subdued trading Wednesday after the head of the U.S. Federal Reserve said he's feeling more optimistic about the economy. KEEPING SCORE: France's CAC 40 lost 0.4 percent in early trading to 5,322.28, while Germany's DAX was down 0.5 percent at 12,427.95. Britain's...
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