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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 15, 2024
Retail sales surge 0.7% in March as Americans seem unfazed by higher prices
The snapshot offers only a partial look at consumer spending and doesn’t include many services, including travel and hotel lodges. But the lone services category – restaurants – registered an uptick of 0.4%.
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PublishedApril 6, 2024
When will Fed cut rates? As economy flexes, maybe later or not at all
Friday's blockbuster jobs report for March reinforced the notion that the economy is managing quite nicely on its own.
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PublishedMarch 30, 2024
Who wouldn’t like prices to start falling? Careful what you wish for, economists say
'There are,' the Bank of England warns, 'more consequences from falling prices than meets the eye.'
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PublishedMarch 29, 2024
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
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PublishedMarch 29, 2024
Not so sweet: Easter shrinkflation hits chocolate aisle as cocoa surges
Even though prices are higher, now may not be a bad time to start stockpiling some treats – especially in the week after Easter when leftover holiday goodies go on sale.
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PublishedMarch 12, 2024
U.S. inflation ticks up again in latest sign that price pressures remain elevated
Despite February's elevated figures, most economists expect inflation to continue slowly declining this year.
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PublishedMarch 10, 2024
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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PublishedMarch 6, 2024
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.
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PublishedMarch 6, 2024
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.
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