United States

Jason Lange

Fed sees case for interest rate cuts this year building

5:10pm EDT

WASHINGTON The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year in response to increased economic uncertainty and a drop in expected inflation. | Video

Q&A: Five things to watch for from the Fed meeting

12:38pm EDT

WASHINGTON The U.S. Federal Reserve is expected to leave interest rates on hold on Wednesday but could flag whether it plans to cut rates later this year as U.S. President Donald Trump has demanded.

Bah humbug! Trump's plan for more China tariffs to hit festive shoppers

Jun 17 2019

WASHINGTON/NEW YORK This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats.

U.S. factory output posts first monthly growth of 2019

Jun 14 2019

WASHINGTON 14 U.S. manufacturing output rose in May, the first monthly gain this year, as an increase in the production of motor vehicles and parts countered declines in the making of metals and aerospace equipment.

U.S. government posts $208 billion deficit in May

Jun 12 2019

WASHINGTON Washington posted a $208 billion budget deficit in May as a modest increase in revenues failed to make up for higher spending on the military and social welfare programs like Medicare, according to data released on Wednesday by the Treasury Department.

Is the U.S. economy about to contract? Three charts say maybe not

Jun 07 2019

WASHINGTON Weak U.S. hiring data led investors to raise bets on Friday the U.S. Federal Reserve will cut interest rates later this year to stave off a recession. Is the U.S. economy really showing signs of rolling over?

Trade war, tariffs pose risks to U.S. and global growth: IMF, Fed officials

Jun 06 2019

WASHINGTON/BOSTON Officials of the U.S. Federal Reserve and International Monetary Fund warned separately on Thursday that global trade tensions and rising tariffs posed an increasing risk to decades of U.S. expansion, as well as to the global economy.

U.S. household wealth bounced back in early 2019: Fed

Jun 06 2019

WASHINGTON U.S. household wealth surged at the beginning of this year as equity prices rose sharply and household financial positions bounced back from a historic decline at the end of 2018, the Federal Reserve said on Thursday.

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