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Economy

Federal Reserve cuts key rate by quarter-point and signals two more cuts this year

By CHRISTOPHER RUGABER
Sep 17, 2025 7:17 am - The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes

By ANNE D'INNOCENZIO
Sep 16, 2025 8:29 am - Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price increases.
Housing costs squeeze owners and renters alike, outpacing inflation

By Gaya Gupta
Sep 13, 2025 12:46 pm - Housing costs rose faster than inflation last year for renters and owners alike, according to new Census Bureau data that paints a vivid picture of the growing financial burden of finding and affording a home in the United States.
The Biz Week That Was: New grocer, dining options, and workforce housing

Daily Herald report
Sep 13, 2025 12:45 pm - ‘It’s really pretty’: Heinen’s grocery store opens in Naperville A sign in the meat department of the new Heinen’s grocery store in Naperville introduces customers t...
Time for a warehouse reorganization? Consider in-kind donation for excess inventory

By Gary C. Smith
Sep 13, 2025 12:06 pm - Warehouse experts will tell you that a good warehouse reorganization improves efficiency, optimizes shelf space and enhances safety, among other benefits. It also lets you spot non-value-added items that you will want to get rid of.
Stagflation concerns rise with increased inflation, jobless claims

By Andrew Ackerman
Sep 11, 2025 7:46 am - New inflation data due Thursday showed prices ticking higher again, offering fresh evidence that tariffs are filtering into consumers’ wallets.
Facing stiff competition, remote workers up their game

By CATHY BUSSEWITZ
Sep 10, 2025 10:25 am - The trend of ditching traditional office space to work from living rooms and hotels accelerated when the coronavirus hit in 2020. But now many large companies have begun calling workers back into the office, making competition for remote jobs fierce.
New data shows the US job market was much weaker than thought in 2024, and this year as well

By PAUL WISEMAN
Sep 09, 2025 10:36 am - The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation's economy.
Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on

By ALEX VEIGA
Sep 08, 2025 3:22 pm - Across the country, it’s getting tougher for sellers to drive a hard bargain. A dearth of home shoppers who can afford to buy and uncertainty about the outlook for the economy, jobs and mortgage rates is putting pressure on sellers to give ground at the negotiating table.
Preapprenticeship is a policy innovation that works for Illinois

By Frank Manzo IV
Sep 06, 2025 1:19 pm - In Illinois, 98% of construction apprentices graduate from programs managed cooperatively between employers and trade unions. These programs offer proven career pathways, but they have not always been accessible to all residents.Preapprenticeship programs have emerged as a viable solution to this problem.

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