Arizona Legislature repeals 1864 abortion ban after two GOP senators rebel

Arizona lawmakers on Wednesday were poised to repeal a Civil War-era law that banned nearly all abortions, after Republican senators joined with all Democrats.  The Republican-controlled Senate … Arizona lawmakers on Wednesday voted to repeal a Civil War-era law that banned nearly all abortions, after a pair of Republican senators joined with all Democrats.  The…

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First-time unemployment claims hold steady 208,000

U.S. residents filing for first-time unemployment benefits held steady at a seasonally-adjusted 208,000 last week, equaling the revised total of the week before, the Labor Department announced on … U.S. residents filing for first-time unemployment benefits held steady at a seasonally-adjusted 208,000 last week, equaling the revised total of the week before, the Labor Department…

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Beating inflation will likely require U.S. unemployment to rise

As the economy normalizes from the pandemic, standard economic relationships are reasserting themselves. That means beating inflation will likely require an increase in the U.S. unemployment rate, … As the economy normalizes from the pandemic, standard economic relationships are reasserting themselves. That means beating inflation will likely require an increase in the U.S. unemployment rate,…

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Fed’s preferred inflation gauge rose 2.8% in March in yet another setback for rate cuts

By: The Federal Reserve’s preferred measure of inflation showed prices once again rose at an unexpectedly brisk rate in March, marking another setback for rate-cut timing. The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday….

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