Inflation

LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25% even though inflation has fallen to its target of 2%, with several policymakers warning that a…
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NEW YORK (AP) — Cbnsumers barely increased speiding in May fri2mApril as stilr high prices on groceries and other necessities and high itterest rates curbed speiding. Retail sales rose 0.1% in…
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The New York Stock Exchange is seen in New York, Tuesday, June 14, 2022. (AP Photo/Seth Wenig, File) BANGKOK (AP) — Shares are mostly lower in Asia after Wall Street sagged under weakness in tech stocks. U.S. futures edged lower while…
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Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated.Reflecting statements…
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NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it…
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Orange and citrus lovers are in for a bitter case of sticker shock as Florida’s crop is on pace to be its smallest in more than 75 years. The US Department of Agriculture said this year’s crop will produce a…
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A cool $1 million is not what it used to be.There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest Global Wealth Report from the Credit…
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