Economic outlook

FILE - This June 20, 2019, file photo shows an existing home is offered for sale in Rutledge, Ga. Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. (AP Photo/John Bazemore, File)
July 29, 2019 - 1:31 pm
NEW YORK (AP) — Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That's the conclusion of a report by Harvard University's Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions...
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In this Wednesday, July 24, 2019 photo, the container ship Seaboard Atlantic is shown docked at PortMiami in Miami. 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 the 3% growth figure as evidence that his policies invigorated the economy. (AP Photo/Wilfredo Lee)
July 26, 2019 - 5:55 pm
WASHINGTON (AP) — The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending. The gross domestic product, the economy's total output of goods and services, grew at a 2.1% annual rate last quarter, down from a 3.1% gain in the first quarter, the Commerce...
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July 26, 2019 - 8:35 am
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 the 3% growth figure as evidence that his policies invigorated the economy. The Commerce...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 10:28 am
LONDON (AP) — British lawmakers on Thursday put a substantial roadblock in the path of any attempt by a Brexit-backing prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a no-deal Brexit would trigger a...
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Bank of Korea Gov. Lee Ju-yeol speaks during a press conference in Seoul, South Korea, Thursday, July 18, 2019. South Korea's central bank on Thursday cut its policy rate for the first time in three years to combat a faltering economy that faces further risks from a heated trade dispute with Japan. (AP Photo/Ahn Young-joon)
July 18, 2019 - 3:25 am
SEOUL, South Korea (AP) — South Korea's central bank on Thursday cut its policy rate for the first time in three years to shore up growth threatened by a trade dispute with Japan. The Bank of Korea lowered its key interest rate by a quarter percentage point to 1.50% following a meeting of its...
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FILE - In this Monday, March 27, 2017 file photo, Richard Branson, founder of Virgin Atlantic and the Virgin Group, smiles at Seattle-Tacoma International Airport in Seattle. Branson has warned that a no-deal Brexit will force the company to invest less in Britain because of pressures on the pound. Branson has told the BBC on Thursday, July 11, 2019 that if the U.K. leaves the European Union without a deal, it will force his company to shift investment because its costs are in dollars. (AP Photo/Ted S. Warren, file)
July 11, 2019 - 10:34 am
LONDON (AP) — Virgin Group founder Richard Branson has warned that the pound's value would fall to that of the dollar if Britain leaves the European Union without a deal — a stark prediction that will fuel worries about the economic pressures facing the country. Traders see the possibility of a 'no...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 7:23 pm
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times local) 7:20 p.m. Testimony by Chairman Jerome Powell to a House Committee about the economic outlook led investors to send stock prices up, bond...
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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Susan Walsh)
July 10, 2019 - 2:06 pm
WASHINGTON (AP) — Most Federal Reserve officials expressed concern at a meeting last month that the outlook for the U.S. economy was weakening, and many said the Fed should soon cut rates if uncertainty continued to weigh on growth. Some businesses, particularly in manufacturing, have pulled back...
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European Commissioner for Economic and Financial Affairs Pierre Moscovici, left, speaks with European Commissioner for Migration and Home Affairs Dimitris Avramopoulos during the weekly college meeting at EU headquarters in Brussels, Wednesday, July 3, 2019. (AP Photo/Virginia Mayo)
July 10, 2019 - 5:49 am
BRUSSELS (AP) — The European Union said Wednesday it has trimmed its forecasts for economic growth next year as global trade tensions weigh on the bloc's export-focused manufacturers. The EU executive commission reduced its forecast for next year for both the 19-country eurozone and the 27...
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July 04, 2019 - 3:56 am
NEW DELHI (AP) — India's government says the economy is expected to grow at 7% in 2019-20, up from a five-year low of 6.8% in the past year. Finance Minister Nirmala Sitharaman presents the economic report in Parliament on Thursday, a day before unveiling the annual federal budget. India's...
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