Economy
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The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing
Jul 31, 2024 2:34 pm - WASHINGTON — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is moving closer ...
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Trust pros to help cut red tape, build more suburban housingJul 31, 2024 9:24 am - As Cook County property taxes hit Aug. 1, businesses and residents inevitably will see tax hikes. These rising bills, along with burdensome government regulations, make I...
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‘Sensationally unpredictable’ U.S. election clouds policy view
Jul 28, 2024 5:11 am - The shock replacement of the Democratic presidential candidate less than four months before the U.S. election has introduced a new element of uncertainty about the outloo...
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Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
Jul 26, 2024 6:45 am - A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do?
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US economic growth increased last quarter to a healthy 2.8% annual rate
Jul 25, 2024 6:34 am - WASHINGTON — The nation's economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of contin...
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Manzo: Motor fuel tax adjustment is paying dividendsJul 14, 2024 5:13 am - There has been a lot of media coverage lately about the annual inflation adjustment to Illinois’ motor fuel tax, which increased by 1.5 cents per gallon on July 1. But i...
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U.S. inflation cools again, potentially paving way for Fed to cut interest rates soon
Jul 11, 2024 8:17 am - WASHINGTON — Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon u...
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Rethinking the value of a day: How Americans measure time and money
Jul 07, 2024 5:59 am - Only one third of Americans feel financially free — but how they define that freedom varies considerably. That’s according to a new survey conducted by OnePoll and commi...
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U.S. employers added a solid 206,000 jobs in June in a sign of continued economic strength
Jul 05, 2024 7:45 am - WASHINGTON — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand ...
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U.S. job openings rise to 8.1 million despite higher interest rates
Jul 02, 2024 10:46 am - WASHINGTON — U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a re...