Martin Crutsinger, Author at Valley News

Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington, Wednesday, July 31, 2019. (AP Photo/Manuel Balce Ceneta)

Key rate cut amid weak global growth

by Martin Crutsinger AP Economics WriterJuly 31, 2019

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness.It left open the possibility of…

In this Wednesday, July 24, 2019 photo, the container ship Seaboard Atlantic is shown docked at PortMiami in Miami. The government says the U.S. economy grew more slowly in 2018 than it previously estimated, downgrading its estimate from 3% to 2.5%. President Donald Trump had frequently boasted of the 3% growth figure as evidence that his policies invigorated the economy. (AP Photo/Wilfredo Lee)

Economic growth slows

by Martin Crutsinger AP Economics WriterJuly 26, 2019

FILE - In this June 2, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)

Fed leaves its key rate unchanged but hints of future cuts

by Martin Crutsinger AP Economics WriterJune 19, 2019

Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018. The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. (AP Photo/Susan Walsh)

Fed Raises Rates for 4th Time

by Martin Crutsinger AP Economics WriterDecember 19, 2018

FILE- In this Aug. 22, 2018, file photo trucks travel along a loading dock at the Port of Long Beach in Long Beach, Calif. On Friday, Oct. 26, the Commerce Department issues the first of three estimates of how the U.S. economy performed in the third quarter. (AP Photo/Marcio Jose Sanchez, File)

Economy Grew at Strong Rate in Q3

by Martin Crutsinger AP Economics WriterOctober 26, 2018

FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington. On Wednesday, Sept. 26, the Federal Reserve issues its latest policy statement and updates its interest-rate and economic projections before Powell holds a news conference. (AP Photo/Jose Luis Magana, FIle)

Fed Raises Rates for 3rd Time This Year With 1 More Expected

by Martin Crutsinger AP Economics WriterSeptember 26, 2018

In this June 19, 2018 photo, several ship to shore cranes stack shipping containers on-board the container ship Maersk Semarang while three Ever Green Line refrigerated containers wait to be loaded onto another ship at the Port of Savannah in Savannah, Ga. On Wednesday, Aug. 29, the Commerce Department issues the second of three estimates of how the U.S. economy performed in the April-June quarter. (AP Photo/Stephen B. Morton)

U.S. Economy Grew at Fast Clip

by Martin Crutsinger AP Economics WriterAugust 29, 2018

President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)

Economy Grows At Brisk Pace

by Martin Crutsinger AP Economics WriterJuly 27, 2018

FILE- In this March 7, 2018, file photo, a man standing on the bow of a Golden Gate Ferry takes a picture of a container ship as it heads toward the San Francisco-Oakland Bay Bridge in San Francisco. On Wednesday, March 28, the Commerce Department issues its final estimate of how the U.S. economy performed in the October-December quarter. (AP Photo/Eric Risberg, File)

U.S. Economy Growth Up 2.9 Percent in Q4

by Martin Crutsinger AP Economics WriterMarch 29, 2018

FILE - In this March 1, 2018, file photo, Federal Reserve Chairman Jerome Powell testifies as he gives the semiannual monetary policy report to the Senate Banking Committee on Capitol Hill in Washington. The Federal Reserve’s first meeting under Powell’s leadership will likely end Wednesday, March 21, with an announcement that the Fed will resume its modest interest rate hikes. (AP Photo/Jacquelyn Martin, File)

Fed Raises Key U.S. Interest Rate

by Martin Crutsinger AP Economics WriterMarch 21, 2018