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Friday, February 15, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: economy


UPDATED: Tue., Feb. 5, 2019, 9:34 p.m.

How Trump’s State of the Union is connected to Spokane and Inland Northwest

President Donald Trump will address a very different Congress than he did a year ago, but many of the issues are the same. Lawmakers remain at odds on funding for …


UPDATED: Mon., Feb. 4, 2019, 4:02 p.m.

Do you feel financially secure? Your answer likely depends on your age, income and education level

Just how financially secure you feel depends on your age, your race, your education and – perhaps not surprisingly – your income.


A robust job gain in January shows U.S. economy’s durability

U.S. employers shrugged off last month’s partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year.


UPDATED: Mon., Jan. 28, 2019, 4:36 p.m.

Stocks slide as slow growth in China weighs on earnings

Stocks slumped in morning trading on Wall Street after two major U.S. companies warned that slower economic growth in China was hurting their results.


UPDATED: Mon., Jan. 28, 2019, 6:31 p.m.

Shutdown projected to cause $3B permanent hit to economy

The federal government shutdown will cause slight permanent harm to the economy – about $3 billion – according to a report Monday by the Congressional Budget Office.


Industrials lead U.S. stocks higher again; Macy’s nosedives

A day of back-and-forth trading Thursday ended with the fifth gain in a row for U.S. stocks. Industrial companies like Boeing and General Electric rose while retailers fell as Macy’s …


UPDATED: Sat., Jan. 5, 2019, 8:16 p.m.

Mexico launches plan to stimulate U.S. border economy

President Andres Manuel Lopez Obrador launched an ambitious plan Saturday to stimulate economic activity on the Mexican side of the U.S.-Mexico border, reinforcing his country’s commitment to manufacturing and trade …


UPDATED: Fri., Jan. 4, 2019, 5 p.m.

U.S. employers went on a surprising hiring spree in December

U.S. employers dramatically stepped up their hiring in December, adding 312,000 jobs in an encouraging display of strength for an economy in the midst of a trade war, slowing global …


Trump assails Fed as the ‘only problem our economy has’

President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as …


UPDATED: Sat., Dec. 22, 2018, 6:40 p.m.

Partial government shutdown compounds risks for U.S. economy

Now in its 10th year, America’s economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of …


Strength in U.S. growth at end of year likely to fade in 2019

The Commerce Department estimated Friday that the economy, as measured by the gross domestic product, grew at a brisk 3.4 percent annual percent rate in the July-September quarter. That


UPDATED: Fri., Dec. 21, 2018, 5:11 p.m.

A decade-long rally on Wall Street looks like it’s ending

Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 percent to 26 …


UPDATED: Tue., Dec. 18, 2018, 6:38 p.m.

Stock market woes raise a nagging fear: Is a recession near?

Here’s a look at how the movements of the stock market and the barometers of the economy might determine the risks of a recession.


UPDATED: Wed., Dec. 5, 2018, 6:30 p.m.

Fed survey cites rising concerns about trade tariffs

The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and …


UPDATED: Wed., Nov. 28, 2018, 5:42 p.m.

Powell: U.S. economy healthy, rate increases aren’t automatic

Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes …


Froma Harrop: Is the economy headed to Crazytown?

“We’re in Crazytown,” President Donald Trump’s chief of staff, John Kelly, reportedly said of working with his boss. Is the economy headed there, as well? Actually, it’s already arrived.


UPDATED: Fri., Oct. 26, 2018, 4:43 p.m.

U.S. economy grew at strong 3.5 percent rate in Q3

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a …


UPDATED: Fri., Oct. 19, 2018, 4:34 p.m.

Another shaky stock week closes

U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favorites like retailers. Household goods makers rose again as a week …


UPDATED: Wed., Oct. 17, 2018, 10:52 p.m.

Rep. Cathy McMorris Rodgers, Lisa Brown spar on taxes, economy and health care in second Congressional debate

The two candidates took the stage for the second time in the closely watched contest Wednesday night at the Fox Theater in downtown Spokane, in a debate focused on the …


UPDATED: Thu., Oct. 11, 2018, 8:36 p.m.

Higher rates: Sign of economic strength or a risk? Try both

This week’s dizzying sell-offs in the financial markets have been a rude reminder that the U.S. economy is no longer relying on ultralow interest rates to fuel growth. Yet the …


UPDATED: Fri., Oct. 5, 2018, 8:45 a.m.

New study finds BLM lands contribute billions from recreation to Idaho, Washington, other western states

Amid pressure in some states to transfer federal public land to state management and control, a study commissioned by several wildlife-related groups finds that federal land contributes billions of dollars …


UPDATED: Wed., Oct. 3, 2018, 6:10 p.m.

Holiday sales expected to grow in a strong economy

The National Retail Federation, the nation’s largest retail trade group, says it expects sales in November and December to rise between 4.3 percent and 4.8 percent to $717.45 billion to …


UPDATED: Mon., Oct. 1, 2018, 7:23 p.m.

Washington dairy interests optimistic in wake of new trade agreement

Dairy groups in Washington state are encouraged by the Trump administration’s new North American trade deal announced Monday and what they see as its potential to create additional market access …


U.S. consumer spending up modest 0.3 percent in August

U.S. consumer spending edged up a moderate 0.3 percent in August as sales of cars and other durable goods fell. A key gauge of inflation slowed slightly after its biggest …


UPDATED: Thu., Sept. 27, 2018, 2:19 p.m.

U.S. economy grew at robust 4.2 percent rate in second quarter

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in …


UPDATED: Fri., Sept. 21, 2018, 5:30 p.m.

Rising oil prices haven’t hurt the U.S. economy so far

America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.


UPDATED: Mon., Sept. 17, 2018, 2:06 p.m.

World’s richest economies enjoy biggest pay raise in a decade

Workers in the world’s richest countries are getting their biggest pay bump in a decade, a step toward solving a labor market puzzle that’s unnerving central bankers. As shrinking unemployment …


North Korea stresses economy, not nukes, on 70th anniversary

North Korea held a major military parade and revived its iconic mass games to celebrate its 70th anniversary on Sunday, but in keeping with leader Kim Jong Un’s new policies …


UPDATED: Wed., Aug. 29, 2018, 4:15 p.m.

U.S. economy grew at a brisk 4.2 percent annual rate last quarter

The U.S. economy grew at a strong 4.2 percent annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its …


UPDATED: Fri., Aug. 10, 2018, 4:41 p.m.

Consumer prices up 2.9 percent, leaving Americans worse off

Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.