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Industrial output falls 0.1% unexpectedly amid supply issues

WASHINGTON (AP) — U.S. industrial production fell 0.1% in December, the first decline since September, with manufacturers still struggling with snarled supply chains. Many economists...

Wholesale prices jumped a record 9.7% in 2021

WASHINGTON (AP) — Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U....

Fed survey finds economy growing modestly despite COVID

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy was growing at a modest pace at the end of 2021 but was still being held back by ongoing supply-chain disruptions and labor shorta...

US Mint begins shipping quarters honoring Maya Angelou

WASHINGTON (AP) — The United States Mint said Monday it has begun shipping quarters featuring the image of poet Maya Angelou, the first coins in its American Women Quarters Program. ...

Tax season begins two weeks early due to virus, IRS funding

WASHINGTON (AP) — This year's tax filing season will begin on Jan. 24, 17 days earlier than last year, the Internal Revenue Service announced Monday. The IRS is warning that a resurg...

November trade deficit hits near record-high $80.2 billion

WASHINGTON (AP) — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply. The November defici...

US manufacturing activity slows to 11-month low in December

WASHINGTON (AP) — Growth in U.S. manufacturing slowed in December to an 11-month low with companies still combating supply chain problems. The Institute for Supply Management, a trad...

US economy grew at 2.3% rate in Q3, up from earlier estimate

WASHINGTON (AP) — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Wednesday. But prospects for a solid rebound going fo...

Regulators: threats to US financial system remain elevated

WASHINGTON (AP) — The nation's top financial regulators told Congress Friday that threats to U.S. financial stability remain elevated even though the country has recovered from what appears to be the ...

Industrial production increases 0.5% in November

WASHINGTON (AP) — U.S. industrial production increased 0.5% in November as output at the nation's factories reached the highest level since January 2019. The November gain followed a...

Wholesale inflation jumps record 9.6% over past 12 months

WASHINGTON (AP) — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures The Labor Department said Tuesd...

U.S. government deficit down 17% from same period a year ago

WASHINGTON (AP) — The U.S. budget deficit totaled $356.4 billion in the first two months of the budget year, down 17% from the same period a year ago thanks to a sharp jump in government revenues that...

US trade deficit narrows in October as exports rebound

WASHINGTON (AP) — The U.S. trade deficit narrowed to $67.1 billion in October, the lowest in six months, after hitting a record high in September. A big rebound in exports helped to offset a much smal...

Survey: Business economists foresee persistent inflation

WASHINGTON (AP) — The nation's business economists have sharply raised their forecasts for inflation, predicting an extension of the price spikes that have resulted in large part from bottlenecked sup...

No currency manipulator labels from US, China on watch

WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global a...