Trump pushes back on reports US will remove China tariffs

WASHINGTON (AP) — President Donald Trump on Friday dismissed a Chinese official's assertion that his administration has agreed to roll back some of the higher tariffs it's imposed on Chinese goods. ...

Consumer borrowing rises, led by more auto and student loans

WASHINGTON (AP) — Consumer borrowing rose in September at a modest pace, driven by more student and auto loans, though a category that mostly includes credit cards fell for the second straight month. ...

Fed is expected to cut rates but may offer little guidance

WASHINGTON (AP) — The Federal Reserve is set to cut its benchmark interest rate Wednesday for a third time this year to help sustain the U.S. economic expansion in the face of widespread trade tension...

Here's the single phrase to watch for from the Fed this week

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...

Survey: US business hiring falls to a 7-year low

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 has found. Just one-fifth of the economi...

Fed will provide cash to bolster short-term lending market

WASHINGTON (AP) — The Federal Reserve plans to continue pumping money into a crucial corner of the financial markets that banks and others use for short-term loans but that has suffered recent shortfa...

US jobs report will offer clues to state of a shaky economy

WASHINGTON (AP) — With signs of a weakening economy spreading and financial markets gyrating, Friday’s monthly jobs report will be watched for any evidence that the turmoil might be threatening the cr...

US home prices rise at slowest pace in 7 years

WASHINGTON (AP) — U.S. home prices rose in July from a year earlier by the smallest amount in seven years, as modest sales are forcing sellers to keep costs in check. The S&P Cor...

US household income finally matches 1999 peak; poverty drops

WASHINGTON (AP) — Income for the median U.S. household last year finally matched its previous peak set in 1999 after growing at the slowest annual pace since 2014. Government figures...

Richer US households fueling a hot job sector: 'wealth work'

WASHINGTON (AP) — Ken McNamee has an upfront view of the river of wealth cascading through Seattle these days. A private chef, McNamee prospects for clients at the tony country club ...

US economy grew more slowly in 2018 than previously thought

WASHINGTON (AP) — The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of...

US economy dodges the threat of painful spending cuts

WASHINGTON (AP) — The budget agreement that congressional leaders and President Donald Trump forged late Monday lifted a big potential drag on the U.S. economy for this year and next. ...

US economy dodges the threat of painful spending cuts

WASHINGTON (AP) — The budget agreement that congressional leaders and President Donald Trump forged late Monday lifted a big potential drag on the U.S. economy for this year and next. ...

IMF Managing Director Lagarde resigns in advance of ECB post

WASHINGTON (AP) — Christine Lagarde is resigning as managing director of the International Monetary Fund in light of her nomination to be the next president of the European Central Bank. ...

One reason for a Fed cut: Powell now fears too-low inflation

WASHINGTON (AP) — In a shift from just a few months ago, Federal Reserve Chairman Jerome Powell is worried that too-low inflation could persist for a while — and undercut the U.S. economy. ...