Nearly three years after the pandemic caused a brief but brutal recession and then a powerful rebound, the economy appears to have entered a phase in which growth might not be so forceful as to fuel high inflation.
inflation
Posted inBusiness, Nation & World, News
U.S. inflation slows to 6.4%, but price pressures reemerge
High costs keep pressure on the Federal Reserve to raise its benchmark interest rate further and to keep it there through year’s end.
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Posted inTimes Record
Small Midcoast farms reluctantly hike egg prices for the first time in years, but not for same reason as big farms
National egg distributors claim avian flu as the culprit for soaring egg prices, but local farmers attribute it to rising fuel and feed costs.
Posted inBusiness, Nation & World, News
Wholesale inflation in U.S. slowed further in December to 6.2%
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.
Posted inBusiness, Nation & World
U.S. consumer inflation eases for sixth month in row
The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning.
Posted inBusiness, Nation & World
High inflation and efforts to tame it defined 2022 economy
U.S. inflation, an economic afterthought for decades, returned in 2022 with the relentless rise in prices devouring workers’ pay and putting American consumers in a foul mood.
Posted inBusiness, Nation & World
Working at 76: Inflation forces hard choice for older adults
Higher prices throughout much of 2022 have taken their financial toll on older adults in particular.
Posted inBusiness, Nation & World, News
Fed raises key interest rate by half-point and signals more to come
Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.
Posted inBusiness, Nation & World, News
A slowdown in U.S. inflation eases some pressure on households
Gas and electricity prices have fallen, but grocery costs continue to be a sore spot.
Posted inBusiness
An inflation gauge tracked by the Fed slows to still-high 6%
Consumers spent more in October, even after adjusting for inflation, a sign of their continued willingness to keep spending in the face of high prices.