Economy
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Annual U.S. inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates
Aug 14, 2024 7:51 am - WASHINGTON — Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and ...
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Trump’s campaign called it an economic address. He made big promises but mostly veered off topic
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State publishes 5-year business development plan
Aug 13, 2024 3:30 pm - The Illinois Department of Commerce and Economic Opportunity on Monday published a five-year plan outlining how it hopes to attract and retain businesses in the state. At...
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Americans’ refusal to keep paying higher prices may be dealing a final blow to U.S. inflation spike
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Time for the Fed to cut interest ratesAug 11, 2024 6:02 am - While the Fed’s initial decision to hike interest rates was a policy intervention designed to slow inflation, a decision to keep rates high creates real headwinds for the housing market
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You can probably lower your cellphone bill
Aug 11, 2024 5:30 am - You might gasp at the $1,000-and-way-up sticker price of a fancy new smartphone. But your mobile plan probably costs you hundreds or thousands of dollars more than the de...
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South suburban airport could bring over $1 billion in economic activity, per report
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What are carry trades and how did they contribute to this week’s global market mayhem?
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A ‘Textbook Turnaround Tuesday’ doesn’t mean meltdown is over
Aug 06, 2024 7:53 am - It’s an old cliché but the phenomenon known as Turnaround Tuesday — when markets rebound from a sell-off at the start of the week — is an opportunity that shows up time a...
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Calm returns to Wall Street, and stocks bounce back after their worst drop in nearly 2 years