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Economy

Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

By CHRISTOPHER RUGABER
Nov 21, 2024 8:11 am - Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.
Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands

By ANNE D'INNOCENZIO
Nov 20, 2024 10:17 am - With Thanksgiving next week, Walmart, Target, Aldi and other grocers are competing for a place on holiday tables with turkey dinner deals and other promotions to tempt Americans who haven't recovered from recent food price inflation.
Gold is suddenly not so glittery after Trump’s White House victory

By STAN CHOE
Nov 17, 2024 5:56 am - NEW YORK — After ripping higher for much of this year, the price of gold has suddenly become not so golden since Donald Trump's victory in the presidential election. Gol...
Trump’s economic agenda for his second term is clouding the outlook for mortgage rates

By ALEX VEIGA
Nov 17, 2024 5:29 am - Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Slightly more American apply for unemployment benefits last week, but layoffs remain at low levels

By MATT OTT
Nov 07, 2024 8:02 am - The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.
Restaurants, other services still in grip of high inflation even as overall rate slows

By DAMIAN J. TROISE
Nov 07, 2024 7:39 am - While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. That has put a strain on consumers eating out, servicing their cars and paying for various kinds of insurance.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

By CHRISTOPHER RUGABER
Nov 07, 2024 7:12 am - The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.
Voter anger over economy boosts Trump in 2024, baffling Democrats

By Jeff Stein
Nov 06, 2024 1:16 pm - Widespread voter anger about the economy appeared to boost former president Donald Trump in Tuesday’s election, emerging as one of Democrats’ chief liabilities even with low unemployment and robust growth.
Naperville Chamber’s Economic Forecast to provide market outlook for local businesses

Daily Herald report
Nov 05, 2024 2:24 pm - The Naperville Area Chamber of Commerce’s Economic Forecast 2024 on Thursday, Nov. 14, aims to help understand the evolving political landscape and its implications for local businesses.
Strike at Boeing part of new era of labor activism long in decline at U.S. workplaces

Associated Press
Nov 05, 2024 2:19 pm - Organized labor has made itself heard over the past couple of years, and the number of actions taken by unions has soared. There were 470 work stoppages involving roughly 539,000 workers last year, according to Cornell University's School of Industrial and Labor Relations. The nearly 500 work stoppages resulted in about 24,874,522 strike days.

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