interest rates
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Wall Street rises toward records on hopes for lower interest rates
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Stan Choe/AP Business Writer NEW YORK (AP) — The U.S. stock market is rallying toward records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.8% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up…
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US inflation held steady as mild tariff hit offset by cheaper gas, food
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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…
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Colorado businesses starting to feel good about the economy again, report shows
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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…
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Colorado businesses starting to feel good about the economy again, report shows
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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…
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Colorado businesses starting to feel good about the economy again, report shows
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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…
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Proposal to cap interest rates on medical debt heads to Jared Polis
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An effort to lower interest rates for the more than 700,000 Coloradans with medical debt passed its final vote in the state legislature Thursday – now only needing the governor’s signature to become law. If signed, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also…
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Senate OKs capping medical debt interest rates in Colorado
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An effort to lower interest rates for the more than 700,000 Coloradans with medical debt took a major step forward on Friday, receiving approval from the state Senate. If passed into law, Senate Bill 93 would cap interest rates at 3% for medical debt, down from the current 8%. The bill would also pause debt collections when…
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Colorado bill would cap medical debt interest, implement other consumer protections
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Cindy Powers underwent emergency surgery to fix a life-threatening abdominal obstruction in 2004. Over the next five years, she received 18 additional surgeries to address complications, infections and hernias, before her condition was finally fixed in 2009. But while her medical nightmare had come to an end, the financial nightmare was just beginning. Even with…
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U.S. Sen. Hickenlooper calls for Federal Reserve to pause rising interest rates
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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.…
