Economic outlook

FILE - In this Feb. 12, 2020, file photo Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington. On Wednesday, Feb. 19, the Federal Reserve releases minutes from its January meeting. (AP Photo/Susan Walsh, File)
February 19, 2020 - 12:46 pm
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their benchmark interest rate at its current low level in the coming months. Fed...
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In this photo taken Tuesday, Feb. 11, 2020, a woman walks past Lunar New Year decor and shuttered bars at a retail district in Beijing, China. Millions of Chinese workers and entrepreneurs are bearing the rising costs of an anti-virus campaign that has shut down large sections of the economy. The government has imposed restrictions nationwide that have stalled travel and sales of real estate and autos. (AP Photo/Ng Han Guan)
February 15, 2020 - 6:28 pm
BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo, near the...
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FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Americans shopping for a home this spring may face more competition than they have in years. (AP Photo/Rick Bowmer, File)
February 13, 2020 - 11:01 am
LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is...
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February 13, 2020 - 7:50 am
FRANKFURT, Germany (AP) — The European Union warned Thursday that the spread of the viral outbreak in China is a risk for the economy but that its full impact will depend on how long it lasts and how far it spreads. The European Commission, the bloc's executive arm, said in its winter economic...
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FILE - In this Feb. 10, 2020, file photo, a cleaner walks through a deserted compound of a commercial office building in Beijing. Chinese authorities are struggling to strike a delicate balance between containing a deadly viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. (AP Photo/Andy Wong, File)
February 11, 2020 - 2:38 pm
WASHINGTON (AP) — Chinese authorities are struggling to strike a delicate balance between containing a viral outbreak and restarting the world’s second-biggest economy after weeks of paralysis. As the death toll from the newly named COVID-19 illness topped 1,000, global supply chains remained...
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President Donald Trump's budget request for fiscal year 2021 arrives at the House Budget Committee on Capitol Hill in Washington, Monday, Feb. 10, 2020. (AP Photo/J. Scott Applewhite)
AP News
February 10, 2020 - 9:57 am
WASHINGTON (AP) — President Donald Trump unveiled a $4.8 trillion election year budget plan on Monday that recycles previously rejected cuts to domestic programs like food stamps and Medicaid to promise a balanced budget in 15 years — all while leaving Social Security and Medicare benefits...
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CEO of Swedish telecom giant Ericsson, Borje Ekholm talks to the media after presenting the company's 2019 full year result at the Ericsson headquarters in Stockholm, Sweden, on Friday Jan. 24, 2020. (Fredrik Sandberg / TT via AP)
February 07, 2020 - 2:27 pm
BEIJING (AP) — More than a month after the outbreak of China's deadly virus, the economic damage is being felt by more businesses and is threatening the outlook for the global economy. In a report Friday, the Federal Reserve warned that the virus represents an international risk. “The recent...
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FILE - In this Jan. 29, 2020, file photo, a shopper walks in a street market aimed for Chinese tourists in Bangkok, Thailand. The outbreak of new virus centered on the Chinese city of Wuhan is giving global business chills. Thailand's central bank cut its benchmark interest rate to 1% from 1.25% on Wednesday to help the economy weather a series of setbacks, most lately the virus outbreak in China that has devastated its tourism sector. (AP Photo/Gemunu Amarasinghe, File)
February 06, 2020 - 12:51 am
BANGKOK (AP) — Central banks in the Philippines and Thailand have cut their benchmark interest rates as China's neighbors seek ways to soften the impact of measures to contain a virus outbreak that has killed more than 560 people. The Philippine central bank cut its main policy rate on Thursday by...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Feb. 5, 2020. Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. (AP Photo/Ahn Young-joon)
February 05, 2020 - 12:36 am
TOKYO (AP) — European indexes were slipping in early trading Wednesday after Asian shares rose on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbreak. France's CAC 40 slipped 0.3% to 5,916.83 in early trading, while Germany's DAX lost 0...
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A volunteer stands in front of a Communist Party flag as he takes the temperature of a scooter driver at a roadside checkpoint in Hangzhou in eastern China's Zhejiang Province, Monday, Feb. 3, 2020. China sent medical workers and equipment to a newly built hospital, infused cash into financial markets and further restricted people's movement in sweeping new steps Monday to contain a rapidly spreading virus and its escalating impact. (Chinatopix via AP)
February 04, 2020 - 1:34 pm
WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading. For other companies bracing for losses from coronavirus, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when...
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