Articles filed under Economy
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Powell signals increased rate hikes if economy stays strongMar 07, 2023 12:00 am - WASHINGTON - The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence cont...
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The U.S. economy is sending mixed signals: Here's what it all meansMar 05, 2023 4:00 am - WASHINGTON - Maybe it was just too good to be true. For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflat...
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Europe inflation eases slightly but consumer pain persistsMar 02, 2023 12:00 am - FRANKFURT, Germany - Inflation eased only slightly in the 20 countries that use the euro currency as the pain from higher costs for food and fuel persists and gives the ...
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Aligning the value of gig work with the value of job qualityFeb 26, 2023 12:00 am - During a historically tight labor market with more job openings than available people to fill them, businesses must prioritize job quality in order to compete for worker...
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Taking fees from suburban visitors isn't a solution for ChicagoFeb 19, 2023 12:00 am - Just when we think Illinois' political elite couldn't think of any more ridiculous taxes to impose - e.g., the soda tax - proposals for more goofy taxes come along. Bran...
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Suburbanite Charles Evans helped guide the U.S. economy through turbulent times the last 15 yearsFeb 05, 2023 12:00 am - Charles Evans became president and CEO of the Chicago branch of the Federal Reserve Bank in September 2007, just in time to help the Fed fight through the Great Recessio...
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A surprising burst of U.S. hiring in January: 517,000 jobsFeb 03, 2023 12:00 am - WASHINGTON (AP) - For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades...
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Average long-term mortgage rate falls a fourth straight weekFeb 02, 2023 12:00 am - The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective ho...
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US filings for jobless aid lowest since AprilFeb 02, 2023 12:00 am - U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the...
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Minimum wage plan helps workers and businesses alikeJan 29, 2023 12:00 am - This month, hundreds of thousands of Illinois workers got a raise - and much-needed relief from the inflationary pressures that have been reducing the value of paychecks...