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Articles filed under Economy

Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war

By DAVID McHUGH
Sep 25, 2023 10:39 AM - Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also is complicating the global fight against inflation and feeding Russia's war chest to boot.
Why the U.S. job market has defied rising interest rates and expectations of high unemployment

By CHRISTOPHER RUGABER
Sep 25, 2023 10:39 AM - Last year's spike in inflation, to the highest level in four decades, was painful enough for American households. Yet the cure -- much higher interest rates, to cool spending and hiring -- was expected to bring even more pain.
US applications for jobless benefits fall to lowest level in nearly 8 months

By MATT OTT
Sep 21, 2023 3:37 PM - U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates.
Bank of England joins US Fed in keeping interest rates unchanged after inflation declines

By PAN PYLAS
Sep 21, 2023 9:34 AM - The Bank of England on Thursday joined the U.S. Federal Reserve in pausing interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises.
Sweden's central bank hikes key interest rate, saying inflation is still too high

Sep 21, 2023 8:29 AM - Sweden's central bank raised its key interest rate Thursday, saying that "inflationary pressures in the Swedish economy are still too high," although there were signs that inflation had begun to fall.
Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

By CHRISTOPHER RUGABER
Sep 20, 2023 2:38 PM - The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it's moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year.
Post Labor Day, signs of a resurgent union movement

Sep 20, 2023 12:57 PM - Public opinion polls show approval of unions at historic highs, with majority support from Democrats and Republicans alike.
Applications for U.S. jobless benefits tick up slightly

By MATT OTT
Sep 14, 2023 8:22 AM - The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before, as companies continue to retain employees despite the Federal Reserve's efforts to cool the economy.
Wholesale price inflation accelerated in August from historically slow pace

By CHRISTOPHER RUGABER
Sep 14, 2023 8:22 AM - U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve.
High gas prices push up inflation, but prices overall are slowly moving in the right direction

By CHRISTOPHER RUGABER
Sep 13, 2023 11:53 AM - Inflation jumped last month largely because of a spike in gas prices but other costs rose more slowly, suggesting price pressures are easing at a gradual pace.

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