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Halloween 2015 to scare consumers with rising candy prices

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Halloween will be giving consumers a fright this year, and right in the goodie bag. While Bloomberg Business is reporting the Federal Reserve will most likely keep policy rates close to zero at this week’s meeting, those calling for raising rates have a holiday-themed statistic to rely upon: trick-or-treat candy prices are expected to rise. Candy and chewing gum prices – a subset of the Consumer Price Index – will be up 4.2 percent over last year, according to a…

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Feeling the heat: Earth in July was hottest month on record

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Earth just keeps getting hotter. July was the planet’s warmest month on record, smashing old marks, U.S. weather officials said. And it’s almost a dead certain lock that this year will beat last year as the warmest year on record, they said. July’s average temperature was 61.86 degrees Fahrenheit, beating the previous global mark set in 1998 and 2010 by about one-seventh of a degree, according to figures released Thursday by the National Oceanic and Atmospheric Administration. That’s a large…

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