Economy
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U.S. inflation edges up, fueled by food and housing prices, but many other costs rise only mildlyJan 11, 2024 7:48 am - WASHINGTON — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will ...
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The economy tops US priorities for government across racial groups, AP-NORC and AAPI Data polls show
Jan 10, 2024 6:49 am - WASHINGTON — Americans of various racial backgrounds largely agree that the government should focus on the economy and foreign policy issues in 2024, but recent polling s...
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New labor rules aim to offer gig workers more security, though some employers won't likely be happy
Jan 09, 2024 5:46 am - The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as “independent contractors,” a step that could bolster bo...
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Congressional leaders announce agreement on topline spending levels, a key step to averting shutdown
Jan 07, 2024 3:41 pm - WASHINGTON — Congressional leaders have reached an agreement on overall spending levels for the current fiscal year that could help avoid a partial government shutdown la...
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US applications for unemployment benefits fall again as job market continues to show strength
Jan 04, 2024 8:21 am - The number of Americans applying for unemployment benefits fell last week as the labor market continues to show resilience despite elevated interest rates. Jobless claims...
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Americans ramped up spending during the holidays despite some financial anxiety and higher costsDec 26, 2023 10:30 am - Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial...
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Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
Dec 16, 2023 8:14 am - WASHINGTON (AP) — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet...
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Bank of England holds interest rates at a 15-year high despite worries about the economyDec 14, 2023 6:18 am - LONDON (AP) — The Bank of England kept borrowing rates unchanged Thursday despite mounting worries over the state of the British economy, and it showed little sign that i...
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