Despite February’s elevated figures, most economists expect inflation to continue slowly declining this year.
inflation
Posted inBusiness, Local & State, News
Hannaford, Market Basket, Shaw’s, Walmart: Check out the Press Herald’s comparison shopping
The cost of groceries has skyrocketed in recent years, but the price of food is only one factor attracting patrons to the big players in Maine’s shifting supermarket landscape.
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Posted inBusiness
Wall Street rises to recover some of its losses from its worst day in weeks
In stock markets abroad, indexes were mixed with mostly modest moves across Europe and Asia.
Posted inBusiness, Nation & World, News
Powell reiterates Fed needs more confidence on inflation to cut
Federal Reserve Chair Jerome Powell is on Capitol Hill for the first of 2 days of his semiannual monetary policy testimony and is scheduled to appear before the Senate Banking Committee on Thursday.
Posted inBusiness, Nation & World
Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
It’s the latest sign that the slowdown in consumer price increases is occurring unevenly from month to month.
Posted inBusiness, Nation & World, News
U.S. inflation slows but remains elevated as price pressures are easing only gradually
Tuesday’s sticky inflation data sent stock and bond prices tumbling, with financial markets now envisioning the Fed’s first cut rates in June, rather than in May or March.
Posted inBusiness, Nation & World, News
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
Posted inBusiness, Local & State, News
The economy is booming. So, why don’t people feel better about it?
A disconnect exists between big-picture indicators like unemployment and wages and the reality of day-to-day life for many in Maine, where groceries and housing costs remain stubbornly high.
Posted inBusiness
Americans’ economic outlook brightens as inflation slows, wages outpace prices
Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock market.
Posted inNation & World, News
Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
Former President Donald Trump has told supporters that the inflation under Biden is how ‘countries die’ and that a Trump return to the White House would mean lower energy costs.