inflation
-
U.S. producer prices surge in July as Trump tariffs push costs higher
—
by
WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from…
-
US inflation held steady as mild tariff hit offset by cheaper gas, food
—
by
WASHINGTON (AP) — U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago. Consumer prices rose 2.7% in July from a year earlier, the Labor Department said Tuesday, the same as the previous month and up from…
-
Federal judge blocks Colorado’s new cap on interest rates for out-of-state banks
—
by
A federal judge on Tuesday concluded Colorado may not subject out-of-state banks to Colorado’s interest rate caps when they lend to Colorado residents, as envisioned under a new consumer protection law set to take effect on July 1. U.S. District Court Judge Daniel D. Domenico issued a preliminary injunction applying to members of three banking…
-
Colorado businesses starting to feel good about the economy again, report shows
—
by
For two years, state business leaders reported feeling pessimistic about the direction of Colorado’s economy. It started when inflation was high. And to tame it, the Federal Reserve raised interest rates making it more costly to borrow money for business loans or mortgages. But for the first time since 2022, business confidence in the state…
-
Colorado businesses starting to feel good about the economy again, report shows
—
by
For two years, state business leaders reported feeling pessimistic about the direction of Colorado’s economy. It started when inflation was high. And to tame it, the Federal Reserve raised interest rates making it more costly to borrow money for business loans or mortgages. But for the first time since 2022, business confidence in the state…
-
Colorado businesses starting to feel good about the economy again, report shows
—
by
For two years, state business leaders reported feeling pessimistic about the direction of Colorado’s economy. It started when inflation was high. And to tame it, the Federal Reserve raised interest rates making it more costly to borrow money for business loans or mortgages. But for the first time since 2022, business confidence in the state…
-
Optimism among small businesses below average for 20th month in a row: Report
—
by
Attitudes among small business owners have been bleak for nearly two years straight, according to a new national report. The National Federation of Independent Business’ monthly small business optimism index decreased by 0.6 of a point last month, reaching 91.3. This marks the 20th consecutive month optimism rates fell below the 49-year average of 98. The…
-
Interest rates, inflation trend during slow season in October Housing Report
—
by
Interest rates increasing alongside inflation are emphasizing the already slow fall season in home sales, according to the October 2022 Market Trends Housing Report from the Colorado Association of Realtors. In one month, new listings of single-family homes for the metro-Denver area decreased more than 25% and lowered 20% statewide. The market maintained a healthy…
-
Denver voters let landlords off the hook as early results show Ordinance 305 failing | ELECTION NIGHT 2022
—
by
Early 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. Just over 107,000 votes have been counted, with about 60% of voters rejecting the ordinance as of 9:30 p.m. Tuesday. The ordinance was expected to raise just…
-
U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
—
by
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.…
