U.S. inflation hit 8.3% last month but slows from 40-year high – The Denver Post

By CHRISTOPHER RUGABER WASHINGTON (AP) — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which was […]

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Stocks edge lower on Wall Street, head for weekly losses – The Denver Post

Stocks edged lower in morning trading on Wall Street Friday, weighed down by more drops in chipmakers and other technology companies. The S&P 500 fell 0.4% as of 10:20 a.m. Eastern. The benchmark index is in the red for the week following three straight weekly gains. The Dow Jones Industrial Average rose 23 points, or 0.1%, to 34,607 and the […]

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A key inflation gauge sets 40-year high as gas and food soar The Denver Post

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances. The figure reported Thursday by the Commerce Department was the largest year-over-year rise since January 1982. Excluding volatile prices for food and energy, so-called core […]

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Wall Street tumbles after oil prices touch $130 per barrel The Denver Post

By STAN CHOE NEW YORK (AP) — Stocks are tumbling on Wall Street Monday as another big leap for oil prices threatens to squeeze inflation’s grip on the global economy. The S&P 500 fell 2.1% after a barrel of U.S. oil surged to $130 overnight on the possibility the U.S. could bar imports from Russia. Stocks around the world slid […]

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Stocks mixed, oil tops $110 a barrel as Ukraine war rages The Denver Post

NEW YORK — Oil prices surged above $110 per barrel Wednesday as Russian forces stepped up attacks on Ukrainian cities, while premarket trading on Wall Street pointed toward a higher open. Investors appeared to take in stride Federal Reserve Chair Jerome Powell’s comments Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain […]

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Key inflation gauge hit 6.1% in January, highest since 1982

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. The figure reported Friday by the Commerce Department was the largest year-over-year rise since 1982. Excluding volatile food and […]

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As Fed meets, investor angst over rate hikes spooks markets – The Denver Post

WASHINGTON — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve’s meeting Wednesday and whether the Fed will clarify just how fast it plans to tighten credit and potentially slow the economy. With high inflation squeezing consumers and businesses, the Fed is expected to signal that it will raise its benchmark short-term interest […]

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On MLK Day, King III implores Senate to act on voting rights The Denver Post

By JEFF MARTIN and MICHAEL WARREN ATLANTA (AP) — A day before the U.S. Senate was expected to take up significant legislation on voting rights that is looking likely to fail, Martin Luther King, Jr.’s eldest son condemned federal lawmakers over their inaction. Speaking in Washington, D.C. on Monday, Martin Luther King III said though he was marking the federal […]

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Cash aid to Colorado families goes out today. But dont count on it next month.

Some 600,000 Colorado households were slated Wednesday to receive their monthly payment through the federal expanded child tax credit program. But those families should not count on this program continuing. Unless Congress acts to extend the program — and that doesn’t appear likely in this calendar year — there’s no promise of any payments beyond those that go out Dec. […]

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