- Fed official still favors 2015 hike but notes dimmer outlook Updated: Oct-09-15 11:19 am
NEW YORK - A voting member of the Federal Reserve's policy committee said Friday that he still thinks an interest-rate increase will be appropriate by year's end. But he acknowledged that the outlook for the economy appears cloudier than it did a few weeks ago.
- Global worries kept Fed from hiking rates in September Updated: Oct-08-15 2:50 pm
WASHINGTON - Federal Reserve officials were almost ready to raise interest rates in September but held off because of China's economic slowdown and its potential to derail U.S. growth and inflation.
- German economic think-tanks lower 2015 growth forecast Updated: Oct-08-15 5:46 am
BERLIN - A group of German economic think-tanks lowered their 2015 growth forecast for the country's economy on Thursday, pointing to sluggish global expansion.
- IMF sees recession for Latin America on commodities shock Updated: Oct-07-15 6:21 pm
LIMA, Peru - Latin America's economy is likely to go into recession this year for the first time since the end of the global financial crisis as China's slowdown lessens demand for the region's commodities, threatening to undo recent progress in reducing poverty, the International Monetary Fund said Wednesday.
- At 'home' in Peru, World Bank chief unfazed by slower growth Updated: Oct-07-15 8:38 am
CARABAYLLO, Peru - In the 1990s, Jim Yong Kim would climb the dusty streets and hillsides of this sprawling slum outside Peru's capital distributing expensive pharmaceutical drugs he'd brought hidden in his luggage to tuberculosis patients. Residents recall the Harvard-trained physician as a smiling do-gooder with basic Spanish and shoes permanently caked with dust.
- IMF downgrades forecast for world, emerging market economies Updated: Oct-06-15 12:51 pm
LIMA, Peru - China's slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund predicted Tuesday.
- Massachusetts leaders hopeful but cautious on economy Updated: Oct-03-15 10:57 am
BOSTON - There are plenty of reasons for House Speaker Robert DeLeo and other Massachusetts leaders to feel upbeat about the state's current fiscal and economic health.
- Weakness and strength: 7 snapshots of the US job market Updated: Oct-03-15 10:06 am
WASHINGTON - The U.S. job market no longer looks quite so robust.
- An ailing global economy starts to weigh on US job market Updated: Oct-02-15 4:25 pm
WASHINGTON - A sagging global economy has finally caught up with the United States.
- Report: Kansas economy growing far slower than US economy Updated: Oct-01-15 2:41 am
WICHITA, Kansas - The Kansas economy has been growing far slower than the rest of the nation, and a report released Thursday forecasts sluggish growth in the state next year as well.
- Root of investor anxiety: Uncertainty about China and Fed Updated: Sep-30-15 6:31 pm
Fears about China's slowdown and a coming U.S. interest rate hike have sent global stock markets into a fidgety freefall.
- IMF chief says global economy likely to be weaker this year Updated: Sep-30-15 2:00 pm
WASHINGTON - The head of the International Monetary Fund said Wednesday that global growth will likely be weaker this year as the world economy confronts a host of problems, including a refugee crisis in Europe, an economic slowdown in China and a pending rise in U.S. interest rates.
- Renovation design unveiled for Louisville convention center Updated: Sep-29-15 2:09 pm
LOUISVILLE, Kentucky - With events already being booked for the renovated Kentucky International Convention Center even before construction work begins, officials on Tuesday offered a glimpse of what the state-backed project will look like.
- Economy grew at 3.9 percent rate in April-June quarter Updated: Sep-25-15 9:14 am
WASHINGTON - The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent financial markets.
- Orders for US durable goods down 2 percent in August Updated: Sep-24-15 9:29 am
WASHINGTON - Orders for long-lasting U.S. manufactured goods dropped in August with weakness in a key category that tracks business investment plans.
- ADB cuts growth outlook on China softness, global weakness Updated: Sep-21-15 9:58 pm
HONG KONG - The Asian Development Bank cut its growth forecast for the region's developing economies, citing a softer outlook for China and India and a delayed recovery in the world's advanced industrialized nations.
- Europe's aging economies stand to gain from influx of people Updated: Sep-19-15 3:29 am
BRUSSELS - The greatest influx of people into Europe in decades is not just a humanitarian emergency, but also a potential stroke of luck for many countries facing the economic threat of an aging population.
- Fed leaves key interest rate unchanged, citing low inflation Updated: Sep-17-15 6:02 pm
WASHINGTON - The Federal Reserve ended weeks of speculation Thursday by keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
- The Latest: Political turmoil another risk for Fed Updated: Sep-17-15 5:04 pm
WASHINGTON - The latest on the Federal Reserve's decision to keep interest rates at historic near-zero lows (all times local):
- 5 things to watch for from the Federal Reserve on Thursday Updated: Sep-17-15 3:09 am
WASHINGTON - As it does once each quarter, the Federal Reserve will deliver a triple-dose of news Thursday afternoon - a policy statement, economic forecasts and a news conference by Chair Janet Yellen. But all eyes will be on one question:
- Former Kremlin insider expects 2-year economic downturn Updated: Sep-15-15 10:45 am
MOSCOW - A close associate of Vladimir Putin, who recently lost his job as Russia's railways chief in a reshuffle seen as a sign of increasing Kremlin infighting, says the nation's economic downturn will last at least two more years amid ongoing Western sanctions.