Economy News Updates

Government, Business

US Economy Grew at Robust 4.2% Rate in Q2

WASHINGTON 鈥 The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade

September 27, 2018
Government, Business

Fed Survey Finds Concerns About Rising Trade Tensions

WASHINGTON 鈥 The Federal Reserve reported Sept. 12 that its latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.

September 13, 2018
Government, Business

Americans Haven鈥檛 Felt This Good About Income Growth Since 2001

Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week鈥檚 upward blip in wage growth could be wiped out by inflation. Yet Americans haven鈥檛 been this optimistic about future pay raises since the century began, according to the Conference Board鈥檚 monthly surveys.

September 11, 2018
Government, Business

Economists Paint Rosy Forecast for Trucking

WASHINGTON 鈥 Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs.

September 6, 2018
Government, Business

US Economy Grew at Brisk 4.2% Annual Rate Last Quarter

WASHINGTON 鈥 The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

August 29, 2018
Government, Business

Fed Describes Economy as 鈥楽trong鈥 for the First Time Since 2006

The Federal Reserve described economic activity as 鈥渟trong鈥 in a statement Aug. 1, the first time it has done so since it called it 鈥渜uite strong鈥 in May 2006 鈥 in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.

August 2, 2018
Government, Business

US Construction Spending Fell 1.1% in June

WASHINGTON 鈥 Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.

August 1, 2018
Government, Business

Consumer Spending Up Solid 0.4% in June

WASHINGTON 鈥 Consumer spending rose by a solid 0.4% in June, while a key gauge of inflation increased at an annual pace of 2.2% for a second straight month 鈥 the strongest back-to-back gains in six years.

July 31, 2018
Government, Business

US Economy Surges to 4.1% Growth Rate in 2Q

WASHINGTON 鈥 The U.S. economy surged in the April-June quarter to an annual growth rate of 4.1%. That鈥檚 the fastest pace since 2014, driven by consumers who began spending their tax cuts and exporters who rushed to get their products delivered ahead of retaliatory tariffs.

July 27, 2018
Government, Business

NAFTA Talks to Pick Up Again as Threat of Auto Tariffs Looms

High-level talks for a new NAFTA are picking up again this week following two months of limited negotiations that were marred by tit-for-tat tariff battles and diplomatic fallout.

July 26, 2018