World finance officials facing host of problems

WASHINGTON (AP) — The leaders of the 189-nation International Monetary Fund and its sister organization, the World Bank, are laying out their visions for the future, hoping to achieve a world with les...

IMF head says more needed to boost growth than US-China deal

WASHINGTON (AP) — The International Monetary Fund's new leader says a trade truce between the United States and China could trim expected losses to the world economy but won't be enough to produce str...

Fed survey finds US economy being hurt by trade battles

WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth that hampered manufacturing, and adverse weather hitt...

IMF downgrades outlook for world economy, citing trade wars

WASHINGTON (AP) — The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis primari...

Fed chairman says goal is to keep economy in 'good place'

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it...

US construction spending up slight 0.1% in August

WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in home building in nine months. ...

Bulgarian economist selected as new leader of IMF

WASHINGTON (AP) — A Bulgarian economist who grew up when her country was a communist nation has been selected to be the next leader of one of capitalism's premier institutions, the 189-nation Internat...

Fed announces plans to provide more support for repo market

WASHINGTON (AP) — The Federal Reserve says it will keep pumping cash into a vital but obscure corner of U.S. financial markets in coming weeks. The New York Federal Reserve Bank, whi...

2 Federal Reserve officials highlight deep divisions

WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut are highlighting the deep divisions at the central bank. Eric Rosengren, head of...

Fed likely to cut rates a 2nd time as economic threats loom

WASHINGTON (AP) — The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump's trad...

3 things to watch for from the Federal Reserve on Wednesday

WASHINGTON (AP) — When it previously met in late July, the Federal Reserve cut its benchmark interest rate for the first time since America's financial system stood on the edge of collapse more than a...

With Trump trade war a threat, Fed is set to cut rates again

WASHINGTON (AP) — For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and President Donald T...

US budget deficit for 11 months up $169 billion over 2018

WASHINGTON (AP) — The U.S. government's budget deficit increased by $169 billion to $1.07 trillion in the first 11 months of this budget year as spending grew faster than tax collections. ...

Senate approves Trump nominee Bowman for Federal Reserve

WASHINGTON (AP) — The Senate has confirmed President Donald Trump's nomination of Michelle Bowman to serve a full 14-year term on the seven-member Federal Reserve board. Bowman was a...

US consumer borrowing posts biggest gain since late 2017

WASHINGTON (AP) — Consumer borrowing surged in July at its fastest pace since late 2017, driven by a big jump credit card use. The Federal Reserve says overall consumer borrowing inc...