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Economy

Retirees, here’s how to tweak the 4% rule to protect your nest egg

By Amy Arnott and Ivanna Hampton of Morningstar
Jul 18, 2025 8:18 am - New retirees might enter a different environment than their predecessors—the economy or market might have changed slightly or dramatically.
US retail sales bounce around in a whipsaw trade environment

By ANNE D'INNOCENZIO
Jul 17, 2025 9:22 am - After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy. Retail sales rose a better-than-expected 0.6% in June, the Commerce Department said Thursday, after two consecutive months of spending declines, a 0.1% pullback in April and a 0.9% slowdown in May.
The tariff-driven inflation that economists feared begins to emerge

By CHRISTOPHER RUGABER
Jul 15, 2025 8:15 am - Inflation rose last month to its highest level since February as President Donald Trump's sweeping tariffs are pushing up the cost of a range of goods, including furniture, clothing, and large appliances.
Trump plans to hike tariffs on Canadian goods to 35%

By JOSH BOAK
Jul 10, 2025 8:47 pm - WASHINGTON — President Donald Trump said in a Thursday letter that he will raise taxes on imported goods from Canada to 35%, deepening a rift between two North American c...
Federal food assistance changes threaten benefits for thousands of Illinoisans

By Ben Szalinski
Jul 09, 2025 8:39 am - The domestic policy law signed by President Donald Trump last week creates new work requirements that could jeopardize food assistance benefits for 360,000 Illinoisans. Illinois will be required to cover a greater portion of the administrative costs and benefits of SNAP, which could cost several hundred million dollars.
Trump’s trade blitz produces few deals but lots of uncertainty

By PAUL WISEMAN
Jul 09, 2025 7:43 am - President Donald Trump and his advisers promised a lightning round of global trade negotiations with dozens of countries back in April. But the 90 days have come and gone. And the tally of trade deals stands at two.
Amazon extends Prime Day discounts to 4 days as retailers weigh tariff-related price increases

By ANNE D'INNOCENZIO
Jul 08, 2025 10:10 am - NEW YORK — Amazon is extending its annual Prime Day sales and offering new membership perks to Gen Z shoppers amid tariff-related price worries and possibly some consumer...
Pritzker wants 3rd term, but he’s already made Illinois much more expensive

By Matt Paprocki
Jul 05, 2025 1:33 pm - Gov. JB Pritzker recently announced his intention to seek a third term, the first time for an Illinois governor in more than 40 years. Pritzker’s tenure has been marked by record-setting spending and tax, fee hikes that have punished working families and Illinois businesses.
Why some fear government data on the U.S. economy is losing integrity

By Andrew Ackerman
Jul 03, 2025 10:51 am - U.S. policymakers are increasingly anxious about the integrity of certain government benchmarks, the crucial data points that help the Federal Reserve assess the economy’...
Powell stands by ‘wait and see’ stance with Trump ramping up attacks on the Federal Reserve

By CHRISTOPHER RUGABER
Jul 01, 2025 9:52 am - Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump's tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs.

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