Monday, January 18, 2021

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Martin Crutsinger

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THE U.S. TRADE DEFICIT jumped to $68.1 billion in November as a surge in imports overwhelmed a smaller increase in exports. / AP FILE PHOTO/TED S. WARREN

U.S. trade deficit jumps to $68.1B in Nov.

WASHINGTON (AP) – The United States trade deficit jumped to $68.1 billion in November, the highest monthly deficit in 14 years, as a surge...

U.S. factories grow at fastest pace since mid-2018

WASHINGTON (AP) – American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic...

Fed keeps rate near zero but sees brighter economy in 2021

WASHINGTON (AP) – The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress – a step...

U.S. economy grew at 33% rate in Q3 but recovery is...

WASHINGTON (AP) – The United States economy grew at a record 33.1% annual rate in the July-September quarter but has yet to fully rebound...

Survey: Business economists see coronavirus resurgence as biggest risk

WASHINGTON (AP) – The United States economy faces risks from a potential resurgence of the coronavirus and from the failure so far of Congress...

Consumer confidence posts solid gain to 101.8 in September

WASHINGTON (AP) – United States consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that...
THE U.S. BUDGET DEFICIT has reached $3 trillion for the first 11 months of this budget year. /. AP FILE PHOTO/ ANDREW HARNIK

U.S. budget deficit hits record $3 trillion through 11 months

WASHINGTON (AP) – The United States budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year,...

U.S. trade deficit surges in July to highest in 12 years

WASHINGTON (AP) – The United States trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by...
U.S. CONSUMER SPENDING increased 1.9% in July, according to The Conference Board. / AP FILE PHOTO/COLLEEN MCGRATH/THE HERALD-MAIL

U.S. consumer spending rose a moderate 1.9% in July

WASHINGTON (AP) – United States consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from...
THE FEDERAL RESERVE announced that it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level. Above, Fed Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN

Fed: Rates to stay ultra-low even after inflation picks up

WASHINGTON (AP) – The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates...

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