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22 April 2024
MARTIN CRUTSINGER, AP Economics Writer
U.S. Economy Shrank 4.8% Last Quarter
by
MARTIN CRUTSINGER, AP Economics Writer
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Apr 29, 2020
WASHINGTON (AP) — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on...
US Economy Grew 2.1% in Fourth Quarter
by
MARTIN CRUTSINGER, AP Economics Writer
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Jan 30, 2020
WASHINGTON (AP) — The U.S. economy grew at a moderate 2.1% rate in the final three months of 2019, capping a year when growth slowed significantly due to a weaker global economy and trade war uncertainties....
US Trade Deficit Falls 8.2% in November
by
MARTIN CRUTSINGER, AP Economics Writer
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Jan 7, 2020
WASHINGTON (AP) — The U.S. trade deficit fell in November to the lowest level in more than three years as U.S. exports rose while imports declined, putting the country on track to see the first annual...
U.S. Economy Grew at Moderate 2.1 Percent
by
MARTIN CRUTSINGER, AP Economics Writer
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Nov 27, 2019
WASHINGTON (AP) — The U.S. economy grew at a moderate 2.1% annual rate over the summer, slightly faster than first estimated, the government said Wednesday. But many economists say they think growth is slowing sharply in...
Consumer Spending Up But Incomes Are Flat
by
MARTIN CRUTSINGER, AP Economics Writer
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Nov 27, 2019
WASHINGTON (AP) — Americans increased their spending in October at the fastest rate in three months even though income growth was essentially flat, its weakest showing in 13 months. The Commerce Department said Wednesday that consumer...
Powell Signals Rate Cut Could Be Coming Soon
by
MARTIN CRUTSINGER, AP Economics Writer
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Jul 10, 2019
WASHINGTON (AP) — Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and...
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