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Economy

Inflation heats up again, data shows, days before midterm elections where cost of living dominates

By CHRISTOPHER RUGABER
Oct 29, 2026 10:32 am - An inflation gauge closely monitored by the Federal Reserve accelerated last month, showing that prices remain elevated less than a week before midterm elections in which the uncomfortably high cost of living for millions of Americans has become a central issue.
Federal Reserve keeps rates unchanged despite elevated inflation

By CHRISTOPHER RUGABER
Oct 28, 2026 12:22 pm - The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact.
US consumer confidence recovers in October as gas prices eased a bit

By MATT OTT
Oct 27, 2026 11:07 am - American confidence in the economy rebounded somewhat in October as gas prices fell modestly, though it remains much more expensive to fill up a tank than last year at this time.
Trump failed to stop inflation. Now Republicans may pay the price in the midterm elections

By JILL COLVIN and JOSH BOAK
Oct 26, 2026 8:50 am - President Donald Trump would prefer that voters not worry about inflation. But it's hard for them to ignore.
Illinois has $2.4M available for tourism grants

By Madhu Krishnamurthy
Oct 22, 2026 11:28 am - State officials recently announced $2.4 million is available in tourism grant funding through two new programs.
US jobless claims fell to 194,000 last week, lowest since July

By PAUL WISEMAN
Oct 22, 2026 8:21 am - U.S. unemployment claims fell to 194,000 last week, the fewest in three months and another sign that layoffs remain low and most Americans enjoy extraordinary job security.
The Biz Week That Was: Hospital merger, data center windfall and worsening inflation are among the highlights

Daily Herald report
Oct 19, 2026 7:04 am - Endeavor Health and Rush University System for Health announce plans to merge Two major Chicago area hospital systems — Endeavor Health and Rush University System fo...
Fed chair Warsh says price stability is key but shies away from signals about rates

By ELAINE KURTENBACH
Oct 16, 2026 8:07 am - Federal Reserve Chairman Kevin Warsh said Friday he won’t prejudge what the U.S. central bank will do about interest rates at its upcoming meetings in October and December.
Wholesale inflation reaches levels last seen in 2022

By CHRISTOPHER RUGABER
Oct 15, 2026 1:56 pm - Wholesale inflation rose more than expected last month on a big jump in fuel costs as rising prices become a bigger economic challenge for millions of Americans, and a growing political problem for Republicans in the upcoming midterm elections.
US consumers are muscling through higher prices, but for how long?

By CHRISTOPHER RUGABER
Oct 15, 2026 1:35 pm - High gas prices are intensifying inflation and vacuuming up more of Americans' dollars, yet consumers are still digging deep to spend, powering the economy, at least for now.

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