Inflation cools as prices slip 0.1 percent in December
Consumer prices fell 0.1 percent led by weaker gas, air fares, used cars and phone plans. Excluding food and energy, prices rose 0.2 percent for the third straight month, easing 12 month inflation to 1.9 percent, signaling limited inflation and more Fed flexibility. Fed Chair Powell and Chicago Fed chief Evans cite minor price gains backing cautious rate moves.
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Jerome Powell
Charles Evans
Chicago
Quincy Marketplace in North Holland slated with Farm & Fleet
Granger Group unveils Quincy Marketplace at U.S.31 and Quincy Street in north Holland Michigan. The 106000 square foot Blain’s Farm & Fleet includes 13 parcels with five restaurant sites, a 72000 square foot hotel, five retail spaces, a 4000 square foot bank and a 7500 square foot gas station. Farm & Fleet is due fall. first retail building by July 1.
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Granger Group
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Federal workers face zero pay stubs amid shutdown toll
The Associated Press reports 800,000 federal employees missed pay as the government shutdown nears its 21st day. Offices delay mortgages and bills, with 420,000 essential workers unpaid and 380,000 at home. Some seek side gigs while Falls Church hosts a substitute teacher hiring fair for furloughed staff.
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Donald Trump
U.S
Uber
Lyft
Falls Church
Virginia
Washington
Shutdown complicates economic evaluation
The partial U S government shutdown delays key reports on growth spending and hiring. Home construction and retail sales data will not be released next week as staffers are furloughed, clouding views of consumer spending and GDP outlook.
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