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Could a little more inflation be good for the economy?

Inflation is currently running higher than it has in a decade — the consumer price index rose 5.4% year-over-year in June, the Commerce Department reported. It last peaked over 5% in 2008. Marketplace’s Mitchell Hartman staked out a spot in Portland’s Pioneer Courthouse Square to gather people’s views about prices and wages. (Courtesy Jeremiah Silverheart) […]

Blackstone business leaders propose plans to slow traffic

OMAHA, Neb. (WOWT) – For the first time, we’re now hearing about changes that may happen to the area while trying to make one of Omaha’s fastest-growing historic neighborhoods safer. Last month, a young woman broke 22 bones after being struck by an SUV in the Blackstone District. When Farnam Street in Blackstone switched from […]

Sterling climbs above $1.38 against broadly weaker dollar

(Recasts, updates prices) By Iain Withers LONDON, July 26 – Sterling climbed above $1.38 against a broadly weaker dollar on Monday, supported by encouraging data the previous day showing a fall in COVID-19 cases in Britain. The dollar lost ground across the board as investor focus turned to this week’s meeting of the U.S. Federal […]

German Ifo business climate index falls unexpectedly

BERLIN, July 26 (Reuters) – German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday. The Ifo institute said its business climate index fell to 100.8 from a revised figure of 101.7 in June. A Reuters poll of analysts had pointed to a […]

Fed meeting may test low U.S. Treasury yields

A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao CHICAGO, July 26 (Reuters) – The $22 trillion market for U.S. Treasury securities may get a reality check from the Federal Reserve this week following a plunge in interest rates that bucked expectations of higher yields this year […]

A plea for Restaurant Revitalization Fund to be replenished

About 64% of eligible applicants for the fund went without a dime after it was closed last month. DENVER — More than 278,000 businesses applied for federal relief through the Restaurant Revitalization Fund (RFF) but according to the Small Business Administration just 36% of those applicants were given anything. Last month the U.S Small Business […]

Delta Variant, Disasters Strain Supply Chains

Supply chains connecting the world’s economies are at or near the breaking point due to the COVID-19 surge, natural disasters in Asia and Europe and a potent cyberattack in South Africa, Reuters reported. Experts said the combined effect of the forces is significant disruption of the flow of consumer goods and materials essential to manufacturing, […]