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Economy

How the stock market defied expectations again this year, by the numbers

The Associated Press
Dec 26, 2024 2:57 pm - NEW YORK — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Res...
Illinois’ minimum wage to increase to $15 on Jan. 1, completing 6-year transition

By Ben Szalinski
Dec 26, 2024 11:19 am - The minimum wage in Illinois will increase to $15 an hour on Jan. 1, completing a six-year transition period since the increase was approved in 2019.
An analyst looks ahead to how the US economy might fare under Trump

By PAUL WISEMAN
Dec 24, 2024 8:06 am - President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally.
2024’s highs, lows for Illinois businesses; getting more highs in 2025

By Matt Paprocki
Dec 22, 2024 6:04 am - In 2025, Illinois lawmakers must prioritize improving the business environment to foster growth and stability. Anything else will hurt our job creators, which hurts us all.
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

By JOSH BOAK
Dec 20, 2024 7:20 am - The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty.
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

By PAUL WISEMAN
Dec 19, 2024 7:39 am - The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.
Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

By CHRISTOPHER RUGABER
Dec 18, 2024 6:37 am - The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
FTC issues rules requiring hotels, ticket sellers to reveal ‘junk fees’

Tony Romm
Dec 17, 2024 3:09 pm - The Federal Trade Commission on Tuesday issued long-awaited rules requiring companies to display the full price of a hotel room, concert ticket or sporting event up front...
Retail sales rose at healthy pace last month in latest sign of US economy’s health

By CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
Dec 17, 2024 7:44 am - Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.
Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

By CHRISTOPHER RUGABER
Dec 16, 2024 1:56 pm - Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting. The Fed's policymakers are likely to signal fewer interest rate cuts next year than were previously expected.

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