WASHINGTON — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the
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US economy shrinks, threats loom, but growth likely to last The Denver Post
By CHRISTOPHER RUGABER WASHINGTON (AP) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth
Read moreU.S. economy shrank by 1.4% in Q1 but consumers kept spending The Denver Post
By CHRISTOPHER RUGABER WASHINGTON (AP) — The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept
Read moreStocks edge higher on Wall Street, head for weekly losses The Denver Post
By DAMIAN J. TROISE Stocks were mixed to slightly higher in midday trading on Wall Street on Friday, as gains in energy companies were offsetting declines in big technology companies like Nvidia and Twitter. The
Read moreInflation will peak this year and outpace wage growth, Colorado analysts project
Consumers in Colorado, as around the country and world, are up against steeper increases in the price of goods and services than have been observed since the 1980s, legislative analysts told state lawmakers Thursday. Average
Read moreUS inflation soared 7.9% in past year, a fresh 40-year high The Denver Post
WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
Read moreU.S. markets set for lower open; oil prices continue to surge – The Denver Post
NEW YORK — U.S. markets were heading for a lower open Monday, following global markets as oil prices jumped and the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Future contracts
Read morePowell expects a quarter-point Fed rate hike this month – The Denver Post
By CHRISTOPHER RUGABER WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than
Read moreWhy U.S. inflation is so high, and when it may ease The Denver Post
WASHINGTON — Last year, it was a nasty surprise. And it wasn’t supposed to last. But now, inflation has become an ongoing financial strain for millions of Americans filling up at the gas station, lined
Read moreColorados economy moving in right direction but “uncertainty” remains, report says
Colorado’s labor force is growing. The state’s gross domestic product rate is up. The number of new business filings are still strong. All good signs in the state’s latest quarterly report, but economists said “uncertainty
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