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Tag Archives: Federal Reserve

US industrial output fell in May; auto production plummeted

industrial output

WASHINGTON (AP) — Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges. The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 percent from April. The decline reversed the 0.6 percent gain seen between April and March, an improvement ...

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Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

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Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

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US stocks, dollar slide after weak jobs report

stocks

U.S. stocks moved lower in early trading Friday after a key government jobs report showed hiring slowed in May, a sign of economic weakness that could dissuade the Federal Reserve from raising interest rates this month. The dollar fell sharply against most major currencies, while bond prices surged as investors sought safety in U.S. government-backed debt. Financial and consumer stocks ...

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Survey finds modest economic growth in many regions

economic growth

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors. The Fed’s latest survey of business conditions found that half of its 12 regions described growth as modest, ...

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Stocks little changed, but crude sheds 39 cents

stocks

NEW YORK (AP) — Stocks were little changed in early trading Monday, as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month. Energy stocks fell along with the price of crude oil. KEEPING SCORE: The Dow Jones industrial average rose 13 points, or 0.1 percent, to 17,514 as of 10:09 a.m. ...

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