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Wednesday, September 30, 2020
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MARTIN CRUTSINGER AP Economics Writer

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Fed signals steady interest rates as economic risks lessen

WASHINGTON (AP) — The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better...

Orders for US durable goods advance 2.4% in December

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft offset...

Labor Department limits news outlets’ use of embargoed data

WASHINGTON (AP) — The Labor Department will begin restricting news organizations' use of economic data by barring computers from the rooms where reporters receive...

US budget deficit running 11.8% higher this year

The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting...

US consumer spending up 0.4% in November, best since July

WASHINGTON (AP) — Americans increased their spending in November at the fastest pace in four months, and income growth rebounded to its strongest gain...

New home sales slipped 0.7% in October but remain solid

WASHINGTON (AP) — Sales of new homes dipped slightly in October compared with September but remain well above levels of a year ago, with...

US economy grows at modest 1.9% rate in third quarter

WASHINGTON (AP) — The U.S. economy slowed to a modest growth rate of 1.9% in the summer as consumer spending downshifted and businesses continued...

US budget deficit hits $984 billion, highest in 7 years

WASHINGTON (AP) — The federal deficit for the 2019 budget year surged to $984.4 billion, its highest point in seven years.The government is reporting...

Fed survey finds US economy being hurt by trade battles

WASHINGTON (AP) — The U.S. economy expanded at a modest pace in September and into October, despite rising trade tensions and weaker global growth...

US construction spending up slight 0.1% in August

WASHINGTON (AP) — U.S. construction spending edged up a disappointing 0.1% in August as continued weakness in nonresidential construction offset the best gain in...

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