Tag: Federal Reserve
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Denver leads U.S. in lower inflation. But can it stay in the sweet spot?
Facebook Twitter WhatsApp SMS Email Print Copy article link Save After years of surging prices, Denver’s inflation rate is showing signs of normalcy. Denver-Aurora-Lakewood’s annual inflation rate hit 1.9% in July and was the lowest among 12 metropolitan regions, according to federal data released Wednesday. The U.S average hit 2.9%. The national inflation rate is…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
U.S. Sen. John Hickenlooper called for the Federal Reserve to pause rising interest rates Thursday in a stern letter to Fed Chairman Jerome Powell. The central bank has increased interest rates five times this year in an effort to combat skyrocketing inflation by slowing the economy and easing pressures on prices, The Washington Post reported.…