Economic growth

In this Aug. 21, 2018 photo, a home is under agreement in Stoneham, Mass. On Wednesday, Aug. 29, the National Association of Realtors releases its July report on pending home sales, which are seen as a barometer of future purchases. (AP Photo/Elise Amendola)
August 29, 2018 - 10:13 am
WASHINGTON (AP) — Fewer Americans signed contracts in July to buy homes in July compared to the previous month, as real estate sales are slipping even though economic growth is solid. The National Association of Realtors said Wednesday that its pending home sales index fell 0.7 percent last month...
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Esther George, left, President and CEO of the Federal Reserve Bank of Kansas City, John Williams, center, President and CEO of the Federal Reserve Bank of New York, and Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System walk together after Powell's speech at the Jackson Hole Economic Policy Symposium on Friday, Aug. 24, 2018 in Jackson Hole, Wyo. Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. (AP Photo/Jonathan Crosby)
August 24, 2018 - 1:37 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target rate, it doesn't seem...
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FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs at Capitol Hill in Washington. Powell gives the keynote address Friday, Aug. 24, at an annual conference of central bankers in Jackson Hole, Wyo. (AP Photo/Jose Luis Magana, File)
August 24, 2018 - 6:32 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell will not lack for urgent topics to address when he gives the keynote speech Friday to an annual gathering of global central bankers in Jackson Hole, Wyoming. Fed watchers will be listening for anything Powell has to say about financial...
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Money: $100 Bills
Dreamstime
August 21, 2018 - 5:45 pm
NEW YORK (WCBS 880) -- The U.S. economy is firing on all cylinders. Bloomberg’s Sho Chandra and Rich Miller talked to several economists who said the economy is on track for a strong second half, for growth amounting to 3 percent or more. “It would be the best since 2005,” Chandra said. The gross...
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FILE- In this Dec. 21, 2016, file photo, the New York Stock Exchange is shown. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug 15, 2018. (AP Photo/Mark Lennihan, File)
August 15, 2018 - 2:22 pm
NEW YORK (AP) — Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling sharply. Technology and energy companies are taking some of the worst losses in the U.S., while...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Aug. 14, 2018. Most Asian stock markets rose Tuesday after Wall Street declined as Turkey’s central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. (AP Photo/Yam G-Jun)
August 14, 2018 - 5:13 am
BEIJING (AP) — Most global stock markets rebounded Tuesday after Wall Street slid on worries Turkey's currency crisis will hurt other emerging markets. KEEPING SCORE: In early trading, Germany's DAX rose 0.7 percent to 12,441.97 and France's CAC 40 gained 0.4 percent to 5,432.48. London's FTSE 100...
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August 14, 2018 - 2:11 am
BERLIN (AP) — Official data show that the German economy grew by 0.5 percent in the second quarter compared with the previous three-month period, accelerating slightly. Germany's economy, Europe's biggest, grew 0.4 percent in the first quarter. The Federal Statistical Office said Tuesday that its...
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An investor walks in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, Aug. 14, 2018. Most Asian stock markets rose Tuesday after Wall Street declined as Turkey’s central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. (AP Photo/Yam G-Jun)
August 14, 2018 - 12:25 am
BEIJING (AP) — Most Asian stock markets were mixed Tuesday after Wall Street declined as Turkey's central bank struggled to contain a currency crisis that is feeding fears about other emerging markets. KEEPING SCORE: The Shanghai Composite Index fell 0.5 percent to 2,771.81 and Hong Kong's Hang...
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President Donald Trump speaks as he meets with business leaders, Tuesday, Aug. 7, 2018, at Trump National Golf Club in Bedminster, N.J. (AP Photo/Carolyn Kaster)
August 07, 2018 - 9:44 pm
BEDMINSTER, N.J. (AP) — President Donald Trump said Tuesday he thinks gross domestic product growth in the next quarter "could be in the 5s" — that is, higher than 5 percent. Trump made the bold prediction Tuesday evening before a dinner at his Bedminster, New Jersey, golf resort with leaders from...
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FILE - This Wednesday, Aug. 2, 2017, file photo shows the Federal Reserve Building on Constitution Avenue in Washington. The Federal Reserve is likely to point to strong growth in the economy, low unemployment and rising inflation as reasons to keep on its current path of gradually raising interest rates. The Fed's statement at the end of its two-day meeting will be released Wednesday afternoon, Aug. 1, 2018, in the form of a brief policy statement. (AP Photo/Pablo Martinez Monsivais, File)
August 01, 2018 - 1:17 am
WASHINGTON (AP) — When the Federal Reserve wraps up its latest meeting, it will likely point to strong economic growth, low unemployment and rising inflation as reasons to stay on a path of gradually lifting interest rates. It is unlikely, however, to make any interest rate moves Wednesday. The Fed...
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