Economy
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New Child Tax Credit is a big deal, but more can be done for middle class familiesJun 20, 2024 1:22 pm - In the last days of its most recent legislative session, Illinois took a historic step, becoming the 15th state to enact a Child Tax Credit. Child tax credits are powerfu...
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U.S. inflation cooled in May in sign that price pressures may be easing
Jun 12, 2024 7:54 am - WASHINGTON — Inflation in the United States eased last month in a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it hol...
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Federal Reserve sees some progress on inflation but envisions just one rate cut this year
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‘We’re not in a recession’: Financial expert Terry Savage provides midyear economic update in SchaumburgJun 11, 2024 1:41 pm - Renowned financial expert Terry Savage explained how factors as diverse as the presidential election, two major wars, inflation, the stock market and job creation mig...
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Retailers are finally cutting prices. Will it last?
Jun 11, 2024 11:31 am - Consumers have been waiting for lower prices for what seems like forever. And now costs are finally going down. (Some of them, at least.) After a yearslong run up in pric...
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U.S. gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
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Trump tax cut renewal is winning Wall Street, but could cost $4.6 trillionJun 09, 2024 6:00 am - The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall Street donors but threatens to add trillions of dollars to the national debt. The est...
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Rushed pension reform will hurt businesses, residentsJun 09, 2024 5:39 am - Last month, the Illinois General Assembly passed a $53.1 billion budget, the state’s largest ever and $400 million higher than Gov. J.B. Pritzker pushed for in February. ...
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U.S. employers added a robust 272,000 jobs in May in a sign of sustained economic health
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The Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited.