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The Spokesman-Review Newspaper

The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Millions to lose jobless aid as claims fall to pandemic low

Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.

U.S. slightly upgrades GDP estimate for last quarter to 6.6%

The U.S. economy grew at a robust 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession.

Pop-up restaurants may stick around as COVID sees resurgence

NEW YORK – Pop-up restaurants, many started as stopgap measures by struggling chefs and owners, may have staying power as consumers continue to embrace takeout and delivery and the delta variant threatens to make dining in less of an option.

Fed officials discussed potential reduction in stimulus

Federal Reserve officials started discussing at their meeting last month the timing and mechanics of reducing their huge monthly bond purchases, which are used to keep longer-term interest rates in check.

Warren Buffett says pandemic’s impact still hard to predict

OMAHA, Neb. – Billionaire Warren Buffett says the one constant throughout the coronavirus pandemic has been that it has been difficult to predict how it would affect the economy, but clearly it has devastated many small businesses and individuals while most big companies have fared OK.

U.S. economy grows 6.4% in first quarter of 2021

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

Washington state revenues continue to rise above projections

OLYMPIA – An increase in sales tax revenue that came as people bought more durable goods during the COVID-19 pandemic led to another positive quarterly state revenue forecast Wednesday, with Washington’s economy projected to have about $2.6 billion more that previously assumed through mid-2023.

Fed sees faster time frame for rate hikes as inflation rises

The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation.