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Martin Crutsinger
Martin Crutsinger
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Fed keeps key rate unchanged while signaling future hikes
by Martin Crutsinger - August 2, 2018 - 12:48pm
The Federal Reserve on Wednesday (Washington time) left its benchmark interest rate unchanged while signaling further gradual rate hikes in the months ahead as long as the economy stays healthy.
Fed says trade war downturn could pose challenges
by Martin Crutsinger - July 19, 2018 - 11:09am
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank has tools it can use to cushion the potential economic fallout from a trade war. But he told Congress the effort could be challenging if...
Powell says strong economy will keep rate hikes coming
by Martin Crutsinger - July 18, 2018 - 10:46am
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump's get-tough...
Fed officials discuss rate hikes that could slow growth
by Martin Crutsinger - July 5, 2018 - 6:01pm
Federal Reserve officials last month said they expect to keep raising interest rates and suggested that by next year, they could be high enough that they could start slowing growth, according to minutes of their...
Fed raises key rate and sees possible acceleration in hikes
by Martin Crutsinger - June 14, 2018 - 9:06am
The Federal Reserve took note of a resilient U.S. economy Wednesday by raising its benchmark interest rate for the second time this year and signaling that it may step up its pace of rate increases.
Fed keeps key rate steady but notes rising inflation
by Martin Crutsinger - May 3, 2018 - 9:51am
The Federal Reserve kept its benchmark interest rate unchanged Wednesday but noted that inflation is nearing its 2 percent target rate after years of remaining undesirably low.
Fed raises key rate and foresees 2 more hikes this year
by Martin Crutsinger - March 22, 2018 - 10:14am
The Federal Reserve raised its key interest rate Wednesday in a vote of confidence in the U.S. economy's durability while signaling that it plans to continue a gradual approach to rate hikes for 2018 under its new...
Fed rate increase is 3rd this year; foresees 3 more in 2018
by Martin Crutsinger - December 14, 2017 - 2:32am
The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after...
US consumer spending posts scant February increase
by Martin Crutsinger - March 28, 2016 - 3:26pm
US consumers barely increased their spending in February and spent less in January than the government had earlier estimated. The pullback led some analysts to downgrade their expectations for the economy's growth...
US economy likely grew more in spring than first estimated
by Martin Crutsinger - August 27, 2015 - 2:30am
The U.S. economy likely gained more momentum in the spring than the government previously estimated. The question now is whether shrunken global stock markets and a sharp slowdown in China will weaken the economy...
Obama sends record $4 trillion spending plan to US Congress
by Martin Crutsinger - February 3, 2015 - 9:06am
President Barack Obama set up another clash with Republicans by sending Congress a $4 trillion budget that seeks to raise taxes on wealthier Americans and corporations and increase domestic spending.
Obama sends record $4 trillion spending plan to Congress
by Martin Crutsinger - February 3, 2015 - 5:13am
President Barack Obama sent Congress a record $4 trillion budget yesterday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public...
Lew calls for more efforts to boost global growth
by Martin Crutsinger - October 8, 2014 - 5:09am
Treasury Secretary Jacob Lew said yesterday that the US economy is strengthening, but he is concerned that other nations are not doing their part to boost global growth.
US budget deficit widens $139 billion in May
by Martin Crutsinger - June 13, 2013 - 9:29am
The government reported Wednesday that the U.S. budget deficit widened in May by $139 billion. But the annual deficit stayed on track to finish below $1 trillion for the first time since 2008.
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