Economy

United States Posted Largest-Ever Monthly Budget Deficit in February Economy
United States Posted Largest-Ever Monthly Budget Deficit in February
2019-03-22 21:31:58
by Dan McCue

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More

Trump Trade Disputes Curbing Taste For American Whiskey Trade
Trump Trade Disputes Curbing Taste For American Whiskey
2019-03-21 23:31:39
by Dan McCue

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said on Thursday. In a new report the industry group said whiskey exports were robust in the first half of 2018,... Read More

US Mortgage Rates Fall Ahead of Spring Home Buying Season Economy
US Mortgage Rates Fall Ahead of Spring Home Buying Season
2019-03-21 23:29:26
by Dan McCue

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a home just as the spring home buying season gets under way, Freddie Mac said on Thursday. The average rate on... Read More

Baltimore Sues To Force Second Jewel Of Triple Crown To Stay Put Litigation
Baltimore Sues To Force Second Jewel Of Triple Crown To Stay Put
2019-03-20 21:34:55
by Dan McCue

Baltimore Mayor Catherine Pugh sued the owners of Pimlico Race Course on Tuesday in a bid to block them from moving one of the city's signature sporting events, the Preakness Stakes, to another thoroughbred racing track in Maryland. Pugh, a... Read More

Federal Reserve Foresees No Additional Interest Rate Hikes This Year Economy
Federal Reserve Foresees No Additional Interest Rate Hikes This Year
2019-03-20 20:53:15
by Dan McCue

The Federal Reserve's policymaking Federal Open Market Committee said Wednesday there will be no more interest rate hikes this year, baring a significant, unforeseen change in the economy. The unanimous decision by the committee following its two-day meeting this week... Read More

Federal Reserve, Meeting This Week, Expected to Act With A Steady Hand Economy
Federal Reserve, Meeting This Week, Expected to Act With A Steady Hand
2019-03-19 23:30:25
by Dan McCue

Steady as she goes. That was the widely held expectation as the Federal Open Market Committee, the policy-making arm of the Federal Reserve, gathered Tuesday morning to kick off its two-day meeting this week. Given statements made by Fed Chairman... Read More

US Industrial Production Rose a Sluggish 0.1 Percent in February Economy
US Industrial Production Rose a Sluggish 0.1 Percent in February
2019-03-15 22:39:51
by Dan McCue

U.S Industrial production rose just 0.1 percent in February, slowed by the second straight monthly decline in manufacturing activity, the Federal Reserve said Friday. The central bank said manufacturing production dropped 0.4 percent last month, held down by declines in... Read More

Consumer Prices Rose Slightly In February, But Inflation Remains Tame Economy
Consumer Prices Rose Slightly In February, But Inflation Remains Tame
2019-03-12 15:17:06
by Dan McCue

Consumer prices rose a slight 0.2 percent in February, the first increase in four months, but inflation remains tame, the Labor Department said Tuesday. The latest consumer price index, which measures what Americans pay for a wide range of products,... Read More

Kudlow Brushes Off Calls for Economic Slowdown, Says 3% Growth Can Continue Economy
Kudlow Brushes Off Calls for Economic Slowdown, Says 3% Growth Can Continue

WASHINGTON ––President Donald Trump’s chief economic adviser said Sunday that U.S. economic growth can continue at 3 percent in 2019 and beyond, even as many private economists look for a slowdown this year as the effects of the 2017 Republican... Read More

US Employers Slam Brakes On Hiring, Add Just 20,000 Jobs in February Economy
US Employers Slam Brakes On Hiring, Add Just 20,000 Jobs in February
2019-03-08 20:58:38
by Dan McCue

US employers added just 20,000 jobs in February, a sharp pullback after a quarter of solid gains averaging 186,000 new jobs a month, the Labor Department reported Friday. The scarcity of new jobs added to the economy is the smallest... Read More

US Household Net Worth Plunged a Record $3.8 Trillion During Fourth-Quarter Stock Tumult Economy
US Household Net Worth Plunged a Record $3.8 Trillion During Fourth-Quarter Stock Tumult
2019-03-07 22:17:02
by Dan McCue

The net worth of America's households fell by a record $3.8 trillion at the end of 2018, pulled down by sharp declines on Wall Street that briefly pushed the market into bear territory, the Federal Reserve said Thursday. The bracing... Read More

US Consumer Spending in December Threatens Continued Slowing of Economy Economy
US Consumer Spending in December Threatens Continued Slowing of Economy
2019-03-02 00:55:55
by Dan McCue

U.S. consumer spending tumbled 0.5 percent in December, the Commerce Department reported Friday. The slide, the biggest decline in nine years, is yet more evidence that the 2018 holiday shopping season was a disappointment for retailers and sellers of bigger... Read More

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