Economy
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The Fed indicated rates will remain higher for longer. What does that mean for you?
May 05, 2024 5:26 am - NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer...
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U.S. employers scaled back hiring in April but still added 175,000 jobs in the face of higher rates
May 03, 2024 7:54 am - WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to ...
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IRS acts to address wide disparity in audit rates between Black taxpayers and other filers
May 02, 2024 4:03 pm - WASHINGTON — The IRS said Thursday it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers, and is more closely examining ...
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Pro-Palestinian banners. Blazing Olympic rings. Workers' May Day rallies confront turbulent times
May 01, 2024 10:53 am - ISTANBUL — Workers and activists around the world marked May Day with protests Wednesday over the pressure of rising prices and calls for greater labor rights. Pro- Pales...
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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
Apr 26, 2024 2:39 pm - WASHINGTON — About one-quarter of U.S. adults age 50 and older who are not yet retired say they expect to never retire and 70% are concerned about prices rising faster th...
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Fed’s preferred inflation gauge shows price pressures stayed elevated last month
Apr 26, 2024 8:00 am - WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest r...
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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...