Tag Archives: U.S. economy

No downturn imminent, economists tell Md. bankers

Anirban Basu, chairman and chief executive officer of Sage Policy Group. (The Daily Record/Maximilian Franz)

Despite increased volatility from the stock market during the past month, economic growth should be expected to continue following a strong 2018, financial leaders and economists said at the Maryland Bankers Association 12th Annual “First Friday” Economic Outlook Forum. While ...

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US economy surged at 3.7 percent rate second quarter

The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to greater spending by businesses and consumers. The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent ...

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U.S. economy grew at 5 percent clip

The U.S. economy's annual growth rate in the third quarter, the fastest in more than a decade, was driven by strong consumer spending and business investment.

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Fed says economy has slowed, takes no new steps

WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak. The Fed took no new action after a two-day policy meeting. ...

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Consumer confidence up in February to highest level in a year

NEW YORK — Americans are feeling better about the economy again, but will it last this time? A widely watched barometer of consumer confidence surged in February to its highest level in a year as Americans took note of improving ...

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Economists see more reasons for optimism this year

NEW YORK — Economists are increasingly confident that some pillars of the U.S. economy will improve this year, but they still remain cautious in their expectations on the overall pace of economic growth. The National Association for Business Economics said ...

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Fed: Slightly lower growth, unemployment in 2012

WASHINGTON — The Federal Reserve went further than ever Wednesday to assure consumers and businesses that they’ll be able to borrow cheaply well into the future. The Fed pushed back the date for any likely increase in its benchmark interest ...

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New year starts with hopeful outlook on hiring

WASHINGTON — The job market is looking a little brighter at the start of the new year. Weekly unemployment benefit applications have fallen to levels last seen more than three years ago. Holiday sales were solid. Service companies grew a ...

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