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Federal Reserve Chairman Jerome Powell speaks Tuesday, June 4, 2019 at a conference involving its review of its interest-rate policy strategy and communications in Chicago. (AP Photo / Kiichiro Sato)

Chairman Jerome Powell didn’t explicitly say what the Federal Reserve would do. But expectations are rising that the Fed will cut rates at least once and possibly two or more times before year’s end, in part because of the consequences of the trade war. 

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In this May 10, 2019, file photo John Deere Agricultural machinery made by Deere & Company sits staged for transport near cranes at the Port of Tacoma in Tacoma, Washington. (AP Photo / Ted S. Warren, File)

Deere cut its profit and sales expectations for the year as a trade war between the U.S. and China escalates and farmers try to recover from a planting season besieged by heavy rains.

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(nosheep / Pixabay)

A new poll finds the majority of millennials – those born between 1980 and 2000 – are hopeful about their economic future, even though only one-third have career jobs.

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In this Aug. 8, 2018, file photo employees stand in McDonald’s Chicago flagship restaurant. (AP Photo / Nam Y. Huh, File)

McDonald’s turned to a sure thing in the first quarter, bacon, and it paid off. Global sales rose 5.4% at stores open at least a year, a key metric of a retailer’s health. 

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(Ken Teegardin / Flickr)

If you’re expecting to receive Social Security benefits, brace yourself. Costs for Social Security are projected to exceed the program’s income next year, which means beneficiaries may not get all that’s been promised to them. 

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(Raimond Spekking / Wikimedia Commons)

The grounding of its Boeing 737 Max jets is causing United Airlines to trim growth plans for this year, and the carrier expects to discuss potential compensation with Boeing.

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Gov. J.B. Pritzker discusses his graduated income tax proposal on March 7, 2019.

With Gov. J.B. Pritzker seeking a state graduated income tax and Mayor-elect Lori Lightfoot rethinking tax subsidies for controversial city projects, two economists offer their take on the local and national economy.

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(Mike Mozart / Flickr)

Walgreens slashed its 2019 forecast and missed second-quarter expectations with a performance that sent its shares plunging Tuesday and helped knock down the Dow Jones Industrial Average.

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In this April 21, 2018 photo provided by Rachel Wasser, Walmart greeter John Combs works at a Walmart store in Vancouver, Washington. (Rachel Wasser via AP)

Last month, the big-box store announced a second round of cuts as it phases out store greeters in favor of a more demanding customer host role. A local disability advocate calls the move “shortsighted.”

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In this Feb. 5, 2018, file photo a Boeing 737 MAX 7, the newest version of Boeing's fastest-selling airplane, is displayed during a debut for employees and media of the new jet in Renton, Wash. (AP Photo / Elaine Thompson, File)

Boeing reported annual revenue of more than $100 billion for the first time and shares soared after the company easily beat Wall Street’s profit and sales expectations for the fourth quarter.

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(Mike Mozart / Flickr)

The world’s biggest hamburger chain said sales rose 4.4 percent at established locations in the fourth quarter and 4.5 percent for the year.  

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(stevepb / Pixabay)

Monday marks the start of income tax filing season. Learn about what’s different this year in the wake of new tax laws.

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In this Monday, July 24, 2017 file photo, Caterpillar loaders are parked in Middleton, Massachusetts.  (AP Photo / Elise Amendola)

Caterpillar fell well short of fourth-quarter profit expectations and the machine maker said that sales have begun to slow in China. Shares tumbled 10 percent at the opening bell Monday, the worst sell-off in more than seven years.

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(Ken Teegardin / Flickr)

Federal workers are feeling the effects of the government shutdown, but what about everyone else? Local economists weigh in on that and the economic forecast for 2019.

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(Giuseppe Milo / Flickr)

The city treasurer teams up with a national nonprofit to expand financial empowerment centers in Chicago neighborhoods.

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In this Nov. 6, 2018 file photo, Democratic gubernatorial candidate J.B. Pritzker speaks after he is elected over Republican incumbent Bruce Rauner. (AP Photo / Nam Y. Huh)

The governor’s third executive order requires a review of emerging industries so that state money for workforce training can be best used.