Economic outlook

May 02, 2019 - 8:18 am
LONDON (AP) — The British economy is likely to weaken as firms ease up on Brexit preparations now that the departure from the European Union has been delayed by months, the Bank of England said Thursday. In forecasts published alongside the unanimous decision to keep the main interest rate at 0.75...
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FILE - In this March 20, 2019, file photo federal Reserve Chair Jerome Powell speaks during a news conference in Washington. On Wednesday, May 1, the Federal Reserve releases its latest monetary policy statement after a two-day meeting. (AP Photo/Susan Walsh, File)
May 01, 2019 - 3:43 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 3:40 p.m. Federal Reserve Chairman Jerome Powell says the central bank is a "nonpolitical institution," and officials were not considering outside criticism in making their decisions. President Donald...
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FILE- In this July 3, 2018, file photo, a shopper carries bags in San Francisco. American consumers are feeling more confident this April 2019, though optimism hasn’t fully recovered from a period of roiling markets and slowed hiring early this year. The Conference Board, a business research group, said Tuesday, April 30, 2019, that its consumer confidence index rose to 129.2 in April, from 124.2 in March. (AP Photo/Marcio Jose Sanchez, File)
April 30, 2019 - 11:29 am
WASHINGTON (AP) — American consumers are feeling more confident this month, though optimism hasn't fully recovered from a period of roiling markets and slowed hiring early this year. The Conference Board, a business research group, said Tuesday that its consumer confidence index rose to 129.2 in...
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April 29, 2019 - 1:40 am
A survey of corporate economists predicts the economy will expand over the next year, although the pace of growth will decline and employers are facing pressure to raise wages, spend more on worker training and automate tasks because of the low unemployment rate. Just 53% of the economists polled...
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FILE - In this March 6, 2019, file photo, container ships docked at the Port of Oakland wait to be unloaded in Oakland, Calif. The U.S. economy shook off fears of a sharp slowdown in the first quarter of the year and grew at a solid pace, suggesting the nearly decade-long expansion still has a ways to go. (AP Photo/Ben Margot, File)
April 26, 2019 - 4:13 pm
WASHINGTON (AP) — The worries that hung ominously over the U.S. economy early this year appear to have lifted. And that sunnier picture has helped bolster confidence in the stock market — driving the benchmark S&P 500 index to another record high Friday. The latest dose of encouragement came in...
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FILE - In this Dec. 31, 2018, photo a Washington state ferry sails on a foggy day near cranes at the Port of Seattle. On Friday, April 26, 2019, the Commerce Department issues the first estimate of how the U.S. economy performed in the January-March quarter. (AP Photo/Ted S. Warren, File)
April 26, 2019 - 3:16 pm
WASHINGTON (AP) — The U.S. economy grew at a solid 3.2% annual rate in the first three months of the year, a far better outcome than expected, overcoming a host of headwinds including global weakness, rising trade tensions and a partial government shutdown. The advance in the gross domestic product...
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A woman walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Friday, April 26, 2019. Shares were mostly lower in Asia on Friday after an overnight decline on Wall Street spurred by disappointingly weak earnings reports from 3M and other industrial companies. (AP Photo/Vincent Yu)
April 26, 2019 - 6:17 am
BANGKOK (AP) — Shares edged lower in Europe on Friday following a lackluster day in Asia ahead of the release of U.S. economic growth data later in the day. Benchmarks fell Friday in Paris, London, Tokyo and Shanghai but rose in Hong Kong and Sydney. Economists have been upgrading their estimates,...
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A cargo ship is seen on the river Main with the bank buildings in background in Frankfurt, Germany, late Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 24, 2019 - 6:01 am
FRANKFURT, Germany (AP) — An index of German business optimism fell in April as Europe's largest economy struggles with a slowdown in trade and manufacturing even as it finds support from a strong labor market. The Ifo institute said Wednesday its business climate index slipped to 99.2 points from...
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German Economy Minister Peter Altmaier briefs the media about German government's economic growth forecast for 2019, during a news conference in Berlin, Wednesday, April 17, 2019. The German government has slashed its 2019 economic growth forecast for the country for the second time this year. (Foto: Joerg Carstensen/dpa via AP)
April 17, 2019 - 6:39 am
BERLIN (AP) — The German government on Wednesday slashed its 2019 economic growth forecast for the country for the second time this year, halving its outlook to a meager 0.5%. The update came less than three months after the government cut its forecast to 1% from 1.8% in late January. Weaker growth...
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Japan's Finance Minister Taro Aso, speaks during a G20 news conference, at the World Bank/IMF Spring Meetings in Washington, Friday, April 12, 2019. (AP Photo/Jose Luis Magana)
April 12, 2019 - 3:58 pm
WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of...
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