The a low unemployment rate suggests that the labor market is still fundamentally healthy, if not as robust as it was early this year.
economy
Posted inBusiness, Nation & World, News
IMF declares global fight against high inflation is ‘almost won’
In its latest assessment of the global economy, the International Monetary Fund predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025.
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Posted inBusiness, News
Wholesale inflation remained cool last month in latest sign that price pressures are slowing
It’s another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19.
Posted inBusiness, Nation & World, News
Fed chair says U.S. economy is in ‘solid shape,’ with gradual rate cuts coming
His comments disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year.
Posted inBusiness, Nation & World
The price of gold keeps climbing to unprecedented heights. Here’s why
Interest in buying gold often comes at times of uncertainty – with potential concerns around inflation and the strength of the U.S. dollar, for example.
Posted inOp-Eds, Opinion
Opinion: Trump’s view of immigrants threatens Maine’s economy, communities
I wonder if Maine’s lobster boat captains, blueberry farmers or hoteliers share the former president’s brutal opinions.
Posted inBusiness
U.S. job growth comes up short in possible warning sign for Fed
Hiring was weighed down by job losses in the manufacturing, retail trade and information sectors.
Posted inBusiness, Nation & World, News
U.S. economy expands at revised 3% rate on resilient consumer
Growth has cooled so far this year after accelerating the second half of 2023.
Posted inElection 2024, Maine, News, Politics
Poll: Economy weighing heavily on Maine voters ahead of November election
Roughly half of those surveyed by the University of New Hampshire say their household is worse off financially now than a year ago. But there is a clear partisan divide among respondents.
Posted inBusiness, Maine, Nation & World
Takeaways from Fed Chair Powell’s speech on interest rate cuts
Investors now expect the Fed to start cutting rates at its next meeting in September.