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Federal Reserve Bank of Atlanta Pres. Raphael Bostic knows hiring has cooled off, but he remains most concerned about keeping inflation heating up. The Fed's main tool to fight inflation is higher interest rates, which is the opposite of what Pres. Trump has been pressuring the Fed to do.
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Florida's unemployment rate hit a four-year high in November yet remains below what many economists consider full employment. The federal government shutdown meant skipping a month of data.
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A quarter of single family homes and half of condos are sold for cash in South Florida, yet the regional housing market remains sensitive to changes in mortgage rates. The Federal Reserve is expected to cut its target short-term rate later this week, which may bring down borrowing costs for home buyers.
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The American Business Forum featured household names from the worlds of politics, business and sports at its event held in Miami. Talk was heavy about influences, workplace culture and President Trump —but light on current economic conditions for businesses.
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Fort Lauderdale's second city reputation to Miami may be changing as jobs and residents move to the area, fueling significant economic growth for the neighborhood. But can it last?
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In his quarterly message, Federal Reserve Bank of Atlanta President Raphael Bostic supported a lower interest rate for the central bank, but he did not commit to the timing of a rate cut.
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South Florida’s jobless rate was 3% in January, according to data released Monday by the state Commerce Department. The region still has the lowest unemployment rate in the state. The state lost jobs in construction but gained positions in healthcare and hospitality.
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Spirit says it has identified about $80 million of cost-cutting measures set to begin early next year. Those cuts will be driven primarily by a “reduction in workforce,” the airline disclosed in a Thursday regulatory filing.
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Su mentioned the Biden administration must still address issues like the cost of housing, gas and groceries.
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Inflation continued cooling in South Florida in June. The region's annual inflation rate is now lower than that in New York, Philadelphia and Seattle.
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The year began with South Florida home to the highest inflation rate and the lowest regional unemployment rate in the country. How about now?
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A lot of Florida workers are worried about artificial intelligence and their jobs. Speaking English may help non-native speakers working in Florida.