News
Greeley City Attorney's Office proposes $617 K in spending cuts to address budget deficit
17+ hour, 48+ min ago (448+ words) The Greeley City Council this week reviewed an additional $617, 141 in proposed budget cuts, bringing the city even closer to shrinking the $18. 1 million budget deficit. To address the deficit for 2027, city departments have been tasked by Budget and Policy Director Nathan…...
Warsh to face spotlight as Federal Reserve likely to leave interest rates unchanged
3+ day, 23+ hour ago (506+ words) Wednesday's highlight is likely to be the press conference Warsh will hold in the afternoon, which Wall Street investors, economists, and quite likely the White House will closely watch to see how Warsh conducts himself. Warsh was previously an investment…...
All eyes turn to Fed chair Warsh and his first moves on interest rates
5+ day, 26+ min ago (746+ words) On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching…...
Average US long-term mortgage rate rises to 6. 52%, just below its high for the year
1+ week, 2+ day ago (545+ words) The average long-term U. S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before'the war with Iran'started. The benchmark 30-year…...
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges
2+ week, 5+ day ago (1094+ words) The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U. S. government. Interest rates on a 10-year U. S. Treasury note are topping 4. 44%, up from 3. 95% before the war started at the end of…...
Tomatoes become latest symbol of America's affordability squeeze
3+ week, 1+ day ago (612+ words) By MATT SEDENSKY, AP National Writer Prices for those red orbs have soared more than any other food product over the past year to cement a spot as one of the consumer headaches du jour. "The tomato has become a…...
Key inflation gauge worsens as Americans shell out more for gasoline
3+ week, 2+ day ago (138+ words) Greeley Tribune By CHRISTOPHER RUGABER, AP Economics Writer Inflation jumped to 3. 8% in April compared with a year ago, the Commerce Department said Thursday, up from 3. 5% in March and the highest since May 2023. On a monthly basis, prices rose 0. 4%, down from…...
Consumer confidence dented with gas prices around $4. 50 and inflation still elevated
3+ week, 4+ day ago (153+ words) Greeley Tribune By CHRISTOPHER RUGABER, AP Economics Writer The Conference Board's consumer confidence index slipped 0. 7 points to 93. 1 in May, the first decline after three months of gains. The index follows a separate gauge of consumer sentiment compiled by the University…...
Brian Seifried: Greeley restaurants need relief. Gov. Polis should sign SB26-134 (guest opinion)
1+ mon, 3+ day ago (651+ words) For more than 20 years, I've built restaurants in Northern Colorado. What started in Garden City in 2004 has grown into Centennial Hospitality Group, now headquartered in downtown Greeley. Today, we operate 20 restaurants across the region, including Wing Shack, Sammie's Chicken and…...
Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation
1+ mon, 5+ day ago (1363+ words) Now, as Powell steps down from the post after eight tumultuous years, the U. S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed's 2% target for more than five years, angering voters and making rents, cars, and…...