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PublishedMay 27, 2024
Major retailers are offering summer deals to entice inflation-weary shoppers
Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief.
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PublishedMay 22, 2024
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
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PublishedMay 17, 2024
Voters prefer Trump over Biden on economy. This data shows why
In an April poll, respondents said by 51% to 32% they were doing better financially under Trump than Biden.
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PublishedMay 9, 2024
Despite numbers showing a healthy economy overall, lower-income spenders are showing the strain
Remarkably resilient spending by U.S. consumers overall has been one of the main reasons the economy has avoided a recession, at least so far.
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PublishedMay 3, 2024
U.S. employers scaled back hiring in April. How that could let Fed cut interest rates
The Fed has been delaying any consideration of interest rate cuts until it gains more confidence that inflation is steadily slowing.
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PublishedMay 3, 2024
Yellen says threats to democracy risk U.S. economic growth, an indirect jab at Trump
Her remarks serve as a sort of warning for business leaders who may overlook Trump’s disregard for modern democratic norms because they prefer the former president's vision of achieving growth by slashing taxes.
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PublishedMay 3, 2024
Fed indicated rates will remain higher for longer. What does that mean for you?
The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy.
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PublishedApril 26, 2024
Inflation is overshadowing U.S. economic resilience, hurting Biden
Most economists say the underlying momentum of the U.S. economy remains strong. But growth and jobs – which have been surprisingly sturdy – have generated little tangible benefit to Biden’s hopes for reelection.
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PublishedApril 26, 2024
Maine made progress in wages and productivity, but still faces shrinking labor force
A report released Friday by the Maine Department of Economic and Community Development says the state has hit some of its 2030 targets but has fallen short of 'where we need to be.'
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PublishedApril 25, 2024
U.S. growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
A surge in imports, which are subtracted from GDP, reduced first-quarter growth by nearly 1 percentage point.
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