Economic News
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Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales
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Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates
Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it
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As world's central banks wrestle with when to cut rates, Europe signals it's ready to move
The European Central Bank has opened the door for an interest rate cut as early as its June meeting
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US producer prices rose 2.1% from last year, most since April, but less than forecasters expected
U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, offering more evidence that progress against inflation may have stalled this year and raising doubts about whether and when the Federal Reserve will start cutting interest rates
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No inflation here: Affordable Masters' menu still includes $1.50 pimento cheese sandwiches
Inflation may be driving up food cost around the country, but patrons generally won’t see those increases at Augusta National
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Stock market today: Asian shares are mixed, taking hot US inflation data in stride
Asian shares are mixed after U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a troubling trend
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Ex-worker at New Hampshire youth detention center describes escalating retaliation for complaints
A woman who worked at New Hampshire’s youth detention center three decades ago says supervisors and staff were dismissive at best and menacing at worst when she reported suspected abuse
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Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other item
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Woodford Reserve tried to undermine unionization effort at its Kentucky distillery, judge rules
A federal judge has ruled that Woodford Reserve undermined unionization efforts at its Kentucky distillery by awarding pay raises, relaxing its vacation policy and handing out bottles of whiskey to workers before a vote on whether to unionize
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Federal Reserve minutes: Some officials highlighted worsening inflation last month
Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month
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