Economy
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Federal Reserve says interest rates will stay at two-decade high until inflation further cools
May 01, 2024 8:00 am - WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until...
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Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cutsApr 29, 2024 7:42 am - WASHINGTON — Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She's plann...
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America’s child care crisis is holding back moms without college degreesApr 28, 2024 6:00 am - AUBURN, Wash. — After a series of lower-paying jobs, Nicole Slemp finally landed one she loved. She was a secretary for Washington’s child services department, a job that...
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About 1 in 4 US adults 50 and older who aren’t yet retired expect to never retire, AARP study finds
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Fed’s preferred inflation gauge shows price pressures stayed elevated last month
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U.S. economy grew at 1.6% annual rate in first quarter 2024, a sharp slowdown
Apr 25, 2024 7:57 am - U.S. economic growth slowed in the first three months of the year, with gross domestic product growing at an annualized rate of 1.6%, as consumers began gradually pulling...
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The number of Americans applying for jobless benefits holds steady as labor market remains strong
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The Biz Week That Was: Garden centers unleash flower power, rising inflation, and pizza galore among the highlightsApr 14, 2024 8:12 am - Amid erratic weather, local garden centers keep springing forward Snow in April. Unseasonably warm 70-degree days in March. Springtime weather in the Chicago area is...
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A healthy U.S. economy’s secret ingredient: Immigrant workers, eager to fill jobs
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High interest rates, rising inflation: The economy still isn’t normal