Tag: Inflation
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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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Colorado’s economy on solid footing going into 2024, economists say
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Confidence in the economy fell heading into 2023 as prices soared and fears of a recession spread. But as the year ended, Colorado business leaders started to feel more optimistic about the economy, according to the Leeds Business Confidence Index from the University of Colorado…
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Denver’s office space market remains steady, retail prepares for a return to spending
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver’s office commercial real estate market finished steady by the end of the fourth quarter, unlike the retail scene which was affected by rising inflation, according to several area brokers. The office market had more than 340 transactions totaling 1.6 million square feet in leasing…
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Denver voters let landlords off the hook as early results show Ordinance 305 failing | ELECTION NIGHT 2022
Election night results show Denver voters soundly rejecting a proposal requiring landlords to pay a $75 per year per property to fund legal representation for renters facing eviction. The city has counted 128,937 votes, with just under 60% of voters rejecting the ordinance as of 2:00 p.m. Wednesday. The ordinance was expected to raise just under $12…
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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.…
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Aurora Water proposes rate and fee increases for 2023
Aurora water users could see an increase in their water and sewage bills next year, as well as fees for using a credit card to pay up, as city staff say inflation is driving up the costs of doing business. A proposal to increase 2023 water rates by 4%, sewer rates by 5% and stormwater…
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Metro State University Denver locks tuition for undergrads as inflation rises
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Metropolitan State University of Denver will keep tuition rates the same for undergraduate students under a tuition lock program the school unveiled this week. University officials said the move was spurred by skyrocketing inflation. “Our students are facing tremendous financial challenges right now,” university President…
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Colorado’s unemployment drops again, recovers all pandemic job losses
Colorado’s unemployment rate continues its slow but steady decline. June’s household survey found that the state’s unemployment level edged down a tenth of a percentage point to 3.4%, the Colorado Department of Labor and Employment reported Friday. It has been 12 consecutive months of flat or dropping unemployment levels, according to the department. Colorado’s unemployment…
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Survey: More than half of Americans cutting expenses
More than half of Americans, 52%, have cut back on daily expenses and 44% are delaying large purchases because of inflation, according to a survey released by Greenwood Village-based Empower, formerly Empower Retirement. With inflation hitting a new high Wednesday, 9.1%, the July Empower survey shows how spending and savings habits have changed — sometimes…