February 21, 2019 - 2:40 pm
The average fare for airline travel within the United States has hit the lowest level since the government started keeping track in 1995, after adjusting for inflation. However, that doesn't count fees that airlines add for things like checking a bag, getting a better seat, or moving up in the...
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FILE- In this Aug. 24, 2018, file photo, a worker rakes wild blueberries at a farm in Union, Maine. On Thursday, Feb. 14, 2019, the Labor Department reports on U.S. producer price inflation in January. (AP Photo/Robert F. Bukaty, File)
February 14, 2019 - 8:55 am
WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. The Labor Department said Thursday that producer prices, which track changes before they reach the...
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February 13, 2019 - 5:35 pm
SPRINGFIELD, Ill. (AP) — In a story Feb. 12 about a proposal to raise the Illinois minimum wage, The Associated Press incorrectly reported that the value of a $15 minimum wage in 2025 would be about $10.46 in today's money, assuming an annual inflation rate of 2.1 percent. At that rate, it would be...
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FILE- This Feb. 7, 2019, file photo shows the bread section of a Safeway store in Tacoma, Wash. On Wednesday, Feb. 13, 2019, the Labor Department reports on U.S. consumer prices for January. (AP Photo/Ted S. Warren, File)
February 13, 2019 - 9:43 am
WASHINGTON (AP) — Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care. The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier. That matched the slowest pace of annual...
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Illinois Gov. J.B. Pritzker gives his opening remarks along with Illinois State Sen. Kimberly Lightford, D-Maywood, left, on Senate Bill 1, a bill sponsored by Lightford to raise the state's minimum wage to $15 an hour by 2025, after it passed the Illinois Senate during a press conference in the governor's office at the Illinois state Capitol, Thursday, Feb. 7, 2019, in Springfield, Ill. (Justin L. Fowler/The State Journal-Register via AP)
February 12, 2019 - 4:19 pm
SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 4:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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The sun rises over the banking district of Frankfurt, Germany, Thursday, Jan. 31, 2019. (AP Photo/Michael Probst)
February 01, 2019 - 6:07 am
BRUSSELS (AP) — Inflation in the 19-country eurozone eased in January, a potential sign of economic weakness for a region beset by multiple challenges, from Brexit to disputes in international trade. Statistics agency Eurostat said Friday that the year-on-year rise in prices fell to 1.4 percent in...
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FILE - In this Dec. 19, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks at a news conference in Washington DC. With the Federal Reserve considered sure to leave interest rates unchanged Wednesday, investors will be looking to hear Powell sound a reassuring theme that a pause in the Fed’s rate hikes could last a while. (AP Photo/Susan Walsh, File)
January 30, 2019 - 6:03 pm
WASHINGTON (AP) — The Federal Reserve held its benchmark interest rate steady Wednesday and sent its strongest signal to date that it sees no need to raise rates anytime soon. Its message ignited a rally on Wall Street, which cheered the prospect of continued modest borrowing rates for the near...
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FILE- In this Nov. 9, 2018, file photo toys are displayed at a Walmart Supercenter in Houston. On Friday, Jan. 11, 2019, the Labor Department reports on U.S. consumer prices for December. (AP Photo/David J. Phillip, File)
January 11, 2019 - 9:13 am
WASHINGTON (AP) — Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans. The consumer price index rose just 1.9 percent in December from a year earlier, the Labor Department said Friday, the first time it has...
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FILE- In this Dec. 19, 2018, file photo the Federal Reserve Chairman Jerome Powell speak at a news conference in Washington. On Wednesday, Jan. 9, 2019, the Federal Reserve releases minutes from its December meeting when it raised its benchmark interest rate for the fourth time this year. (AP Photo/Susan Walsh, File)
January 09, 2019 - 3:48 pm
WASHINGTON (AP) — Federal Reserve officials expressed increasing worries when they met last month, as they grappled with volatile stock markets, trade tensions and uncertain global growth. The threats, they said, made the future path of interest rate hikes "less clear." According to minutes of the...
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