US housing construction up 9.2 percent in August

WASHINGTON (AP) — U.S. home construction rebounded in August at the fastest pace in seven months, a hopeful sign for a housing industry that has been struggling with rising lumber costs. ...

US budget deficit hits $214.1 billion in August

WASHINGTON (AP) — The federal government racked up a $214.1 billion deficit in August, double the red ink from a year ago, although a big part of that increase reflected quirks in the calendar. ...

Fed survey finds concerns about rising trade tensions

WASHINGTON (AP) — The Federal Reserve's latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy. ...

US consumer borrowing up strong $16.6 billion in July

WASHINGTON (AP) — Americans increased their borrowing in July at nearly double the pace of the previous month, evidence that confident consumers are willing to take on more debt to support their spend...

Insider Q&A: Small Colorado manufacturer caught in trade war

WASHINGTON (AP) — Troy Roberts has been at ground zero for the trade war being waged by President Donald Trump. And he worries that American companies like his will get hurt. Roberts...

Trump in interview says he respects Fed Chairman Powell

WASHINGTON (AP) — President Donald Trump is saying that he respects Federal Reserve Chairman Jerome Powell. Speaking about his decision to tap Powell as Fed leader to replace Janet Y...

US consumer spending up 0.4 percent in July

WASHINGTON (AP) — Consumer spending, bolstered by strong job growth and tax cuts, rose a solid 0.4 percent in July, the sixth straight month of healthy gains, while a key measure of inflation posted i...

US economy grew at a brisk 4.2 percent annual rate in Q2

WASHINGTON (AP) — The U.S. economy grew at a strong 4.2 percent annual rate in the second quarter, the best showing in nearly four years, as growth stayed on track to produce the strongest gain in mor...

Senate approves monetary policy expert as Fed vice chairman

WASHINGTON (AP) — The Senate has confirmed President Donald Trump's nominee for the No. 2 post at the Federal Reserve. Richard Clarida was approved Tuesday on a 69 to 26 vote. The Se...

Mnuchin praises Fed's Powell as 'phenomenal leader'

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is calling Federal Reserve Chairman Jerome Powell a "phenomenal leader." His comments marked the administration's first praise of the central bank s...

US consumer confidence rises to 18-year high

WASHINGTON (AP) — Americans' consumer confidence rose in August to the highest level in nearly 18 years as their assessment of current conditions improved further and their expectations about the futu...

Powell signals more hikes ahead if US economy stays strong

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell is signaling that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. ...

Powell could tackle key issues in high-profile speech Friday

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson ...

Powell could tackle key issues in high-profile speech Friday

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson ...

Fed official: Trump's complaints won't affect rate decisions

WASHINGTON (AP) — A top Federal Reserve official says she favors two more interest rate increases this year despite complaints from President Donald Trump that the Fed's continuing rate hikes risk slo...