Scott Horsley

Scott Horsley, NPR News, Washington.

Federal Reserve Chairman Jerome Powell told a gathering of business economists today that the economic outlook doesn't appear to have changed much since he and his colleagues voted to cut interest rates by a quarter percentage point last month.

The job market's a little softer, inflation's a little higher.

Powell notes some key economic reports are being delayed, however, by the government shutdown.

This is the week when government number crunchers would ordinarily be tallying the number of new jobs added as well as the number of people who are unemployed.

Scott Horsley, NPR News, Washington.

A flurry of investment banking deals helped pad the profits of banks like JPMorgan Chase, Goldman Sachs, Wells Fargo, and Citigroup.

JPMorgan Chase CEO Jamie Dimon says the U.S.

economy remained resilient during the most recent quarter, though he cautioned trade wars and big government deficits continue to make for a risky outlook.

President Trump is meeting this afternoon with Argentine President Javier Millet, a key ally.

The U.S.

has been working to prop up Argentina's sagging currency ahead of that country's midterm elections later this month.

And General Motors plans to take a $1.6 billion charge against earnings in its next quarter as it adjusts to new federal policies that are less friendly to electric vehicles.

Scott Horsley, NPR News, Washington.

Joel Mocher of Northwestern University, Peter Howard of Brown University, and Philippe Aguillon of the College of France and the London School of Economics will share the prize money of about $1.2 million.

Jan Hassler of the Nobel Committee recognized the three for their research on how changing technology has helped to usher in higher living standards.

The research also guides policymakers in how to manage the creative destruction that comes with that change and build safety nets for people who might be displaced.

Scott Horsley, NPR News, Washington.

Investors had begun to shrug off the trade tensions between the U.S.

and China, even though double-digit tariffs remain in place.