Articles filed under Economy
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Fed's Powell notes inflation is easing but downplays discussion of interest rate cutsDec 01, 2023 12:00 am - WASHINGTON - Inflation is slowing steadily, but it's too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell sa...
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The world economy will slow next year because of inflation, high rates and war, OECD saysNov 29, 2023 12:00 am - WASHINGTON (AP) - The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflati...
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Pritzker promises transit fix, talks migrant housing and praises Biden at forumNov 28, 2023 5:00 am - The state and other stakeholders will resolve a looming $730 million annual shortfall facing Metra, Pace and the CTA in 2026, Gov. J.B. Pritzker said Monday. The funding...
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How are area employers approaching work from home?Nov 26, 2023 12:00 am - As big companies like Amazon and Apple come under fire for requiring their workers to come back to the office many smaller employers in this area - like most employers a...
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U.S. unemployment claims drop by 24,000 to 209,000, another sign of labor market resiliencyNov 22, 2023 12:00 am - EDITOR'S NOTE: The Associated Press is publishing an updated visual analysis of the Oct. 17 explosion at Gaza's Al-Ahli Hospital. The AP initially assessed that the ...
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Biden signs a bill averting a government shutdown for now, with Israel and Ukraine aid still stalledNov 17, 2023 12:00 am - SAN FRANCISCO (AP) - President Joe Biden signed a temporary spending bill a day before a potential government shutdown, pushing a fight with congressional Republicans ov...
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U.S. applications for jobless claims rise as labor market begins to show some signs of coolingNov 16, 2023 12:00 am - More Americans filed for jobless claims last week and while the labor market remains broadly healthy, there are growing signs that it may finally be cooling. Application...
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Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report saysNov 15, 2023 12:00 am - HANOI, Vietnam (AP) - To meet the goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), nine major Asian economies must increase the share of ...
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Economy has lost momentum during a tough year, EU commission says and warns of risk from MideastNov 15, 2023 12:00 am - FRANKFURT, Germany - The European Union's executive commission lowered growth its expectations for this year and next, saying the economy "has lost momentum" as inflatio...
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U.S. consumer inflation eased in October as cheaper gas slowed overall price increasesNov 14, 2023 12:00 am - WASHINGTON - Inflation in the United States slowed last month in a sign that the Federal Reserve's interest rate hikes are continuing to cool the consumer price spikes t...