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WASHINGTON (AP) — When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated. The Fed’s high interest rates, Powell said, had managed to achieve that goal without causing [...]
WASHINGTON (AP) — Consumer prices rose 0.2 percent from June to July, the Commerce Department said last week, up a tick from the previous month’s 0.1 percent increase. Compared with a year earlier, inflation was unchanged at 2.5 percent. Despite the near-end of high inflation, many Americans, according to polls, remain unhappy with today’s sharply [...]
WASHINGTON (AP) — The nation’s economy grew last quarter at a 3 percent annual pace, fueled by strong consumer spending and business investment, the government said last week in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation's gross domestic product — the total output of goods and services [...]
SAVANNAH, Ga. (AP) — A federal agency plans to reassess its environmental permit for Hyundai's $7.6 billion electric vehicle plant in Georgia after a conservation group complained that regulators failed to properly examine the sprawling factory's potential impacts on the area's water supply. The Army Corps of Engineers said in a letter last week that [...]
OKLAHOMA CITY (AP) — A body camera captured every word and bark uttered as police Sgt. Matt Gilmore and his K-9 dog, Gunner, searched for a group of suspects for nearly an hour. Normally, the Oklahoma City police sergeant would grab his laptop and spend another 30 to 45 minutes writing up a report about [...]
The U.S. Postal Service wants to save $3 billion annually on changes that reflect its increased reliance on streamlined regional networks — while retaining local mail delivery times of one to three days and allowing customers to track some delivery schedules with greater precision. Election mail won't be affected, officials said. The proposal, announced last [...]
BROOKLYN CENTER, Minn. (AP) — The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, said FBI Director Christopher Wray, adding that he is "hard pressed to think of a time in my career where so many different kinds of threats are all elevated at once." Wray [...]
TUSCALOOSA, Ala. (AP) — Alabama has given one of Kalen DeBoer's key behind-the-scenes staffers, general manager Courtney Morgan, a three-year contract worth nearly $2.5 million — a notable investment by one of the top football programs in the country at a time when colleges teams are increasingly operating like professional franchises. The compensation committee of [...]
WASHINGTON (AP) — Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern. With inflation cooling toward the Fed’s 2 percent target, the pace of hiring slowing and the unemployment rate edging up, the Fed is expected to [...]
EVART, Mich. (AP) — Alison Smith stared at the virtually empty dairy barn inside the Osceola County Fairgrounds, once bustling with teens and preteens preparing to show their prized animals, but now eerily silent as an invisible virus once again interfered with a cherished summertime rite. Smith, a 16-year-old from the Grand Rapids, Mich., area, [...]