WASHINGTON — Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed’s drive to curb inflation by aggressively raising interest rates would “bring some pain.” On Wednesday, Americans may get a better sense of how…
Read MoreMinimum wage in Denver will rise to $17.29 in 2023
The minimum wage in Denver will increase to $17.29 per hour beginning January 1, an annual adjustment based on the Consumer Price Index. Denver will be among several dozen cities nationwide with minimum wages over $17 per hour, city officials…
Read MoreInflation and wage data suggest U.S. prices will keep climbing
WASHINGTON — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from rising prices anytime soon and that the Federal Reserve will feel compelled to further raise borrowing…
Read MoreUS inflation dips from 4-decade high but still causing pain 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…
Read MoreU.S. added 431,000 jobs in March; average hourly pay rose 5.6% over the past 12 months
America’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic, Russia’s war against Ukraine and the highest inflation in 40 years. The government’s…
Read MoreAsian shares extend losses as oil prices push higher – The Denver Post
By YURI KAGEYAMA TOKYO (AP) — Shares fell in Asia on Tuesday after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices. Benchmarks declined in Tokyo, Sydney, Hong…
Read MoreAsian stocks rise after Fed chair supports smaller rate hike The Denver Post
By JOE McDONALD BEIJING (AP) — Asian stock markets rebounded Thursday and oil prices climbed higher after the head of the Federal Reserve said he supports a smaller rise in interest rates than some expected. Shanghai, Tokyo, Hong Kong and…
Read MoreDow drops 1,000 points as markets extend slide in 2022 – The Denver Post
By DAMIAN J. TROISE NEW YORK (AP) — The Dow Jones Industrial Average dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures from the Federal Reserve and fretted the possibility of conflict between Russia…
Read MoreInflation at 40-year high pressures consumers, Fed and Biden The Denver Post
By CHRISTOPHER RUGABER WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe…
Read MoreNovember trade deficit hits near record-high $80.2 billion – The Denver Post
WASHINGTON — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply. The November deficit was 19.3% higher than the October deficit of $67.2 billion…
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