Inflation

In this Sunday, Feb. 10, 2019 photo, Laquesha Russell, a 36-year-old home health care worker who makes $10.78 an hour, speaks during an interview as she shops for groceries for her four children in Springfield, Ill. 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. Business owners complain that the phase-in is too fast. But Russell said, "it's going to be a long process to get up to $15." (AP Photo/John O’Connor)
February 12, 2019 - 5:55 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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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 - 5:12 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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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 - 4:38 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)
Patrick Gentry
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 Sept. 10, 2018, file photo corn plants shoot out of a forage harvester as farmer Jim Minott works to get some of his 50 acres harvested before impending rain in Brunswick, Maine. Minott will feed the silage to his cows. On Tuesday, Jan. 15, 2019, the Labor Department reports on U.S. producer price inflation in December. (AP Photo/Robert F. Bukaty, File)
January 15, 2019 - 8:55 am
WASHINGTON (AP) — U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent...
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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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Federal Reserve Chairman Jerome Powell speaks at a conference, Friday, Jan. 4, 2019, in Atlanta. Powell said that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned by Trump's repeated attacks on his hand-picked choice to lead the nation's central bank. (AP Photo/Annie Rice)
January 04, 2019 - 3:24 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried...
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The buildings of the banking district are reflected on the plain surface of the river Main in Frankfurt, Germany, Thursday, Jan. 3, 2019. (AP Photo/Michael Probst)
January 04, 2019 - 5:59 am
LONDON (AP) — Further signs of a cooldown in the eurozone economy emerged Friday, weighing on expectations that the European Central Bank will start raising interest rates this year. Inflation across the 19-country currency union fell in December to an eight-month low in the wake of the recent...
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