Economy
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House approves $1.2 trillion package of spending bills before shutdown deadline, Senate up nextMar 22, 2024 11:10 am - WASHINGTON — The House approved a $1.2 trillion package of spending bills on Friday just a few hours before funding for some key federal agencies is set to expire, a lon...
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Discount grocers smell opportunity amid rising prices
Mar 20, 2024 8:01 am - Batavia-based Aldi plans to add 800 stores over the next four years. Dollar General expects to add that many just this year. And their main rivals have ambitions of their...
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Federal Reserve still foresees 3 rate cuts this year but envisions higher rates in future
Mar 20, 2024 7:50 am - WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed su...
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It’s never been cheaper to buy an EV. Here’s why.
Mar 18, 2024 1:04 pm - The price of electric cars is plummeting so fast that they’re now almost as cheap as gas-powered cars. Since EVs first hit the market, car buyers have had to pay a steep ...
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Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
Mar 18, 2024 6:46 am - WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective home buy...
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U.S. inflation up again in February in latest sign that price pressures remain elevated
Mar 12, 2024 8:01 am - WASHINGTON — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe...
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U.S. employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Mar 08, 2024 7:45 am - WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilienc...
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Fed's Powell: Rate cuts likely this year, but more evidence is needed that inflation is tamed
Mar 06, 2024 7:51 am - WASHINGTON — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but that it first wants to see more evi...
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How to foster workplace productivity in a post-pandemic environmentMar 03, 2024 5:39 am - Now that hybrid work schedules have become the norm for office workers, the best way to ensure productivity is making sure they are happy and feel a sense of connection t...
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European inflation eases to 2.6% as energy prices fall and food inflation slows
Mar 01, 2024 8:12 am - FRANKFURT, Germany — The inflation that has ravaged the European economy eased again in February, falling to 2.6% as high interest rates, moderating oil and gas prices, a...