Federal Reserve chief Chair Jerome Powell also signals that the Fed may increase its key interest rate by a smaller increment at its December meeting, only a half-point, after 4 straight three-quarter point hikes.
inflation
Posted inFood & Dining, Recipes, Vegan Kitchen
Even with inflation, eating vegan is still a bargain
Plus, the health benefits of not eating meat will save you more money – and buy you more time.
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Posted inNation & World, News, Uncategorized
Inflation hovers over shoppers seeking deals on Black Friday
Shoppers were being more selective, selecting cheaper options, dipping more into savings and turning to “buy now, pay later” services that allow payment in installments.
Posted inBusiness, Nation & World, News
U.S. wholesale inflation eases to 8%, its 4th straight slowdown
The figures came in lower than economists expected and make it more likely that the Federal Reserve will increase its benchmark interest rate in smaller increments.
Posted inNation & World, News, Politics
Abortion bumped inflation to the back burner
Anti-abortion advocates pointed to a dozen Republican governors who have signed anti-abortion legislation and won reelection by wide margins.
Posted inBusiness, Nation & World, News
On election eve, the state of the U.S. economy is a blurry one
From certain angles, the nation’s economic picture looks like a healthy one, but it’s being photo-bombed by an unsightly intruder: Chronically high inflation.
Posted inBusiness, Nation & World, News
Key issue as Fed meets this week: When to slow rate hikes?
Fed officials have stressed that they need to raise rates significantly to tame inflation, which has caused hardships for millions of households.
Posted inOp-Eds, Opinion
Douglas Rooks: Inflation not the problem we think it is
Rather than yesterday’s polling, we might focus on what really matters to us — and where Congress can have a major impact.
Posted inOp-Eds, Opinion
Commentary: A little help on parsing inflation from New Hampshire’s Sununu
What we’re confronting today is primarily global; not just fueled but also fired up by the supply chain shutdown during the worst of the pandemic.
Posted inBusiness, Food & Dining, Local & State, News, Uncategorized
Challenge at the checkout: Mainers struggle to keep up with rising grocery prices
Historic inflationary pressures are making it difficult to put food on the table, forcing shoppers to scout for deals and cut back.