Economic Outlook

Trader Stephen Gilmartin, right, works with specialist Dilip Patel on the floor of the New York Stock Exchange, Wednesday, Nov. 13, 2019. Stocks are opening slightly lower on Wall Street led by declines in banks and industrial companies. (AP Photo/Richard Drew)
November 13, 2019 - 11:22 am
Major U.S. stock indexes edged higher in midday trading Wednesday after the chairman of the Federal Reserve told lawmakers that the central bank is likely to hold off on another interest rate cut, unless the economy shows signs of worsening. Fed Chairman Jerome Powell also expressed optimism about...
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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. The Federal Reserve cut rates for the third time this year. (AP Photo/Susan Walsh)
November 13, 2019 - 10:47 am
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell’s testimony before the Joint Economic Committee about the outlook for the U.S. economy (all times local): 11:45 a.m. Federal Reserve Chairman Jerome Powell says that the unemployment rate, already near a 50-year low, could drop...
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FILE - In this Nov. 7, 2019, file photo specialist Gregg Maloney, left, and trader David O'Day work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Nov 11. (AP Photo/Richard Drew, File)
November 11, 2019 - 3:51 pm
NEW YORK (AP) — U.S. stocks mostly fell on Monday as uncertainty continues to hang over U.S.-China trade talks, or at least over investors' perception of them. The stock market has been rallying for five weeks in part on optimism that the United States and China are nearing a stopgap deal to calm...
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A television screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, Oct. 30, 2019. The Federal Reserve has cut its benchmark interest rate for the third time this year to try to sustain the economic expansion in the face of global threats. (AP Photo/Richard Drew)
October 30, 2019 - 1:49 pm
WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated that it won't cut again in the coming months unless the economic outlook worsens. The Fed's move...
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A workman sweeps up leaves in front of 10 Downing Street in London, Wednesday, Oct. 30, 2019. Britons will be heading out to vote in the dark days of December after the House of Commons on Tuesday backed an early national vote that could break the country's political impasse over Brexit — or turn out to be merely a temporary distraction. (AP Photo/Kirsty Wigglesworth)
October 30, 2019 - 7:36 am
LONDON (AP) — A respected British think tank slammed Prime Minister Boris Johnson's Brexit deal on Wednesday, concluding that the economy would be 3.5% smaller compared with staying in the European Union. The study by the National Institute of Economic and Social Research says the agreement would...
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FILE - In this Oct. 4, 2019, file photo Federal Reserve Chairman Jerome Powell listens to feedback during a panel at the Federal Reserve Board Building in Washington. The Fed concludes its two-day meeting Wednesday, Oct. 30. (AP Photo/Jacquelyn Martin, File)
October 29, 2019 - 10:24 am
WASHINGTON (AP) — Economists and investors who are trying to get a fix on what the Federal Reserve may do in the months ahead have zeroed in on a single phrase in the statement it has issued after its most recent policy meetings. The phrase seems innocuous enough. The Fed's policymakers, it states...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Oct. 29, 2019. Shares were mixed in Asia and Chinese benchmarks fell Tuesday after the S&P 500 index closed at an all-time high. (AP Photo/Ahn Young-joon)
October 29, 2019 - 2:37 am
BANGKOK (AP) — Shares were mixed in Asia and Chinese benchmarks fell Tuesday after Hong Kong's leader warned that months of political protests are taking a harsh toll on the economy. Shares rallied on Wall Street overnight, with the benchmark S&P 500 hitting a record high, at the onset of a...
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FILE - In this Tuesday, June 4, 2019, file photo, managers wait for job applicants at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Fla. A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey released Monday, Oct. 28, 2019, has found. Just one-fifth of the firms surveyed by the National Association for Business Economics said they have hired additional workers in the past three months. (AP Photo/Wilfredo Lee, File)
October 28, 2019 - 10:49 am
WASHINGTON (AP) — A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey found. Just one-fifth of the economists surveyed by the National Association for Business Economics said their companies have added to their workforces in...
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Cars pass by near the skyline with the buildings of the banking district in Frankfurt, Germany, Tuesday, Oct. 22, 2019. (AP Photo/Michael Probst)
October 25, 2019 - 4:18 am
BERLIN (AP) — German consumers are growing more pessimistic amid concerns about the global economic downturn, trade conflicts and Brexit, a survey showed Friday, while a second study indicated the country's businesses are less happy with their current situation but have greater hope for the coming...
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An attendant shows an automotive product to a driver in front of a display with new fuel prices at a gas station in Quito, Ecuador, Tuesday, Oct. 15, 2019. The recent strike that paralyzed the Andean nation for almost two weeks, has left a gaping hole in Ecuador’s economy, this after President Lenin Moreno called back his elimination of fuel subsidies which provoked the violent protests. (AP Photo/Dolores Ochoa)
October 15, 2019 - 5:13 pm
QUITO, Ecuador (AP) — Ecuadorian President Lenín Moreno has survived the toughest political crisis of his presidency by negotiating an end to indigenous anti-austerity protests. Now he faces an even tougher challenge. Ten years of populist rule and a drop in oil prices have left Ecuador with a $64...
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