Economy News Updates

Business

IMF Communique Reveals Trade, Debt Seen as Threats to Global Growth

The global growth outlook faces rising threats from trade tensions and mounting debt despite a strengthening and “increasingly broad-based†expansion at the moment, according to a statement from world finance ministers and central bankers.

April 23, 2018
Business

Global Finance Chiefs Told Trade Tensions Are Hitting Confidence

Trade tensions between the United States and China risk eroding business and investor confidence, even as global growth enjoys its best upswing in years.

April 20, 2018
Government, Business

Fed Economists Say Tariffs More Likely to Kill Than Create Jobs

U.S. President Donald Trump may hope his tariffs on imported steel and aluminum will create new jobs, or at least protect existing ones. Researchers at the Federal Reserve Bank of New York said the opposite outcome was more likely.

April 19, 2018
Business

Jobless Claims at Three-Week Low Amid Tight Labor Market

U.S. filings for unemployment benefits fell to a three-week low, continuing a trend that indicates a tight labor market, Labor Department figures showed April 19.

April 19, 2018
Government, Business, Logistics

Fed Says Tariff Concerns Cloud Otherwise Solid Growth Outlook

New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating.

April 18, 2018
Government, Business

Soon-to-Be New York Fed Chief John Williams Sees Little Risk in Rate Hikes

John Williams, who will take the helm of the Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the U.S. central bank gradually raises interest rates.

April 18, 2018
Business

Housing Starts Top Forecasts on Multifamily Construction

New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.

April 17, 2018
Business

IMF Spots Trouble for Global Economy After 2020

The International Monetary Fund predicted the world economy’s strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise already may have been planted.

April 17, 2018
Business

Factory Output Cools After Surging in Previous Month

U.S. factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal Reserve data showed April 17.

April 17, 2018
Government, Business

Stock Selloff Deepens Amid Trump Trade Jabs

The selloff in U.S. stocks deepened April 6 as the White House’s latest trade bluster rattled global financial markets.

April 6, 2018