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Tag Archives: growth

U.S. economy may need continued support from Fed

WASHINGTON — A key government report and a statement from the Federal Reserve made clear Wednesday that the U.S. economy still needs help. The economy grew at a lackluster 1.7 percent annual rate in the April-June quarter, the Commerce Department ...

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Unemployment aid applications drop to 334K

WASHINGTON — The number of Americans applying for unemployment benefits fell 24,000 last week to a seasonally adjusted 334,000, a sign that steady job gains should continue. The Labor Department said Thursday that the four-week average, which smooths out fluctuations, ...

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Fed: Growth improves moderately throughout U.S.

WASHINGTON — The U.S. economy grew throughout the country from late May through early July, bolstered by the housing recovery, consumers and more factory output. A Federal Reserve survey released Wednesday showed eleven of the Fed banking districts reported “modest ...

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Factory activity expands in June, jobs decline

WASHINGTON — U.S. manufacturing activity grew in June behind a pickup in new orders, exports and production. Better economic growth overseas is boosting U.S. exports and could help American factories rebound in the second half of the year. The Institute ...

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Fed suggests it’s closer to slowing bond purchases

WASHINGTON — Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve. The Fed’s bond purchases have ...

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Fed survey: Growth improves modestly throughout U.S.

WASHINGTON — A Federal Reserve survey says economic growth increased throughout the United States from April through mid-May, fueled by home construction, consumer spending and steady hiring. Eleven of the Fed’s banking districts reported “modest to moderate” economic growth, according ...

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