Economic outlook

FILE - In this Sept. 13, 2019, file photo specialist Anthony Rinaldi, left, and trader Patrick Casey work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Oct. 4. (AP Photo/Richard Drew, File)
October 04, 2019 - 10:05 am
NEW YORK (AP) — Stocks climbed Friday after a report showed the U.S. jobs market is still growing enough for the unemployment rate to drop to a five-decade low, even though it’s slowing. The report gave some reassurance after a week full of surprisingly weak numbers on U.S. manufacturing and...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 3. (AP Photo/Frank Franklin II, File)
October 03, 2019 - 4:48 pm
Technology and health care companies helped U.S. stocks rebound broadly from an early sell-off Thursday, snapping the market’s steep two-day skid. The Dow Jones Industrial Average swung from a loss of more than 330 points to a gain of more than 120 after another disappointing economic report raised...
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In this Sept. 25, 2019, photo a realtor's sign sits outside a house for sale in Jackson, Miss. On Thursday, Oct. 3, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)
October 03, 2019 - 12:43 pm
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook. Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month. Mortgage buyer...
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A party boat cruises on the river Main with the buildings of the banking district in background in Frankfurt, Germany, Friday, Sept. 27, 2019. (AP Photo/Michael Probst)
October 02, 2019 - 5:16 am
BERLIN (AP) — A group of leading think tanks joined the German government and others in cutting its economic forecast for the country on Wednesday, predicting that output will expand only 0.5% this year and 1.1% in 2020. The economic institutes forecast that growth will pick up to 1.4% in 2021...
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A man walks past the Reserve Bank of Australia in Sydney, Tuesday, Oct. 1, 2019. Australia's central bank cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. (AP Photo/Rick Rycroft)
October 01, 2019 - 2:34 am
CANBERRA, Australia (AP) — Australia's central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point for the third time since June to a new record low of 0.75%, seeking to boost a flagging economy. The cut follows reductions at the Reserve Bank of Australia board's...
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FILE - In this Sept. 18, 2019, file photo Stock trader Gregory Rowe works at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, Sept. 27. (AP Photo/Mark Lennihan, File)
September 27, 2019 - 3:41 pm
Technology companies led a broad slide in stocks on Wall Street Friday afternoon as investors worry about the potential for another escalation in the trade war between the U.S. and China. The selling, which reversed an early gain, followed a report by Bloomberg saying that the Trump administration...
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FILE - In this July 28, 2019, file photo unsold 2019 Lincoln Navigators sit at a dealership in Englewood, Colo. On Tuesday, Sept. 24, the Conference Board releases its September index on U.S. consumer confidence. (AP Photo/David Zalubowski, File)
September 24, 2019 - 11:42 am
WASHINGTON (AP) — Consumer confidence fell sharply in September, a likely indication that growing economic uncertainties are taking a toll on American households. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 125.1 in September from a...
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Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
September 18, 2019 - 4:49 pm
WASHINGTON (AP) — A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. The Fed's move reduced its key short-term rate — which influences many consumer and business loans — by an...
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FILE - In this July 31, 2019, file photo Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. On Wednesday, Sept. 18, the Federal Reserve releases its latest monetary policy statement. (AP Photo/Manuel Balce Ceneta, File)
September 18, 2019 - 2:58 pm
WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 2:50 p.m. Federal Reserve Chair Jerome Powell acknowledges that officials at the U.S. central bank are fractured about next steps on interest rates. Forecasts from the Fed show uncertainty about the...
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Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks to journalists at the World Energy Congress in Abu Dhabi, United Arab Emirates, Tuesday, Sept. 10, 2019. Nasser told journalists Tuesday a planned initial public offering of a sliver of the oil company's worth would happen "very soon." (AP Photo/Jon Gambrell)
September 10, 2019 - 4:51 am
ABU DHABI, United Arab Emirates (AP) — The chief executive of Saudi Aramco, the state-owned oil firm that is seen as the kingdom's crown jewel, said Tuesday that the company is ready for a local listing on the kingdom's stock exchange and that it will happen "very soon." Amin Nasser declined to say...
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