Economic News
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US applications for jobless benefits fall to lowest level in nearly 8 months
U.S. applications for unemployment benefits fell to their lowest level in eight months last week as the labor market continues to show strength in the face of elevated interest rates
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A new breed of leaders are atop the largest US unions today. Here are some faces to know
From picket lines in Hollywood to walkouts against Detroit automakers, it's already been a big year for labor organizing — and behind several major showdowns with enormous companies are some of America's largest unions
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Home sales fell again in August as homebuyers grapple with rising mortgage rates and prices
Sales of previously occupied U.S. homes fell for the third month in a row in August, as higher mortgage rates, rising prices and a dearth of properties on the market shut out many would-be homebuyers
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The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
The average long-term U.S. mortgage rate edged up again this week, another setback for would-be homebuyers navigating an increasingly less affordable housing market
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Bank of England joins US Fed in keeping interest rates unchanged after inflation declines
The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises
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Turkey’s central bank hikes interest rates again in further shift in economic policies
Turkey's central bank has raised its key interest rate by 5 percentage points to 30%
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Sweden's central bank hikes key interest rate, saying inflation is still too high
Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”
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Bank of England holds main interest rate steady after nearly two years of hikes in wake of surprise fall in inflation
Bank of England holds main interest rate steady after nearly two years of hikes in wake of surprise fall in inflation
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Stock market today: Asian shares track Wall Street's slump after Fed says rates may stay high in '24
Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought
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Fed keeps rates unchanged and signals optimism about a potential 'soft landing'
The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased
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