Economy
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Federal Reserve projects one rate cut this year, sees limited economic impact from Iran war
Mar 18, 2026 1:50 pm - Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026.
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US producer prices rose by a surprisingly hot 3.4% last month, the most in a year
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Trump seeks to close $1.6 trillion revenue gap with raft of new tariffs
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Key inflation gauge worsened in January, before Iran war lifted gas prices
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US economy expanded at sluggish 0.7% in fourth quarter, government says, downgrading first estimate
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Senate passes bipartisan housing bill to improve access and affordability
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US applications for unemployment benefits inch down to 213,000 as layoffs remain stable
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Inflation likely to spike in coming months after costs appeared to cool in 2026Mar 11, 2026 7:00 am - Inflation likely was elevated last month even before the spike in oil and gas prices of the past two weeks that is expected to send consumer costs soaring in the months ahead.
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‘It’s horrible’: Consumers rocked by gasoline spike as Iran war broadensMar 09, 2026 6:44 pm - Gas prices in the Chicago region surged 50 cents in one week to $3.69 per gallon following U.S. and Israeli attacks on Iran that began February 28. The conflict has disrupted oil tanker traffic through the Strait of Hormuz, which handles 20% of the world's oil supply.
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What’s the top issue facing Illinois’ 6th Congressional District? Casten, challengers disagreeMar 08, 2026 4:36 pm - The candidates challenging Democratic U.S. Rep. Sean Casten for Illinois’ 6th Congressional District seat differ with him about the top issue facing constituents.