With inflation affecting the price of supermarket staples, we talked to Maine food experts about shopping smart and stretching meals.
inflation
Posted inNews, Politics
Ad Watch: LePage ad claims big budget increase under Mills
In ‘Maine Choices,’ former Gov. Paul LePage claims Gov. Janet Mills’ budget was 580% higher than inflation. It’s true, but that isn’t as damning as the Republican challenger would like you to believe.
advertisement
Posted inBusiness, Nation & World, News
Powell’s stark message: Inflation fight may cause recession
The Federal Reserve also forecast more jumbo-size hikes to come, raising their benchmark rate to roughly 4.4 percent by year’s end.
Posted inNation & World, News
Biden at UN to call Russian war an affront to body’s charter
White House officials say the crux of President Joe Biden’s visit to the U.N. this year would be a full-throated condemnation of Russia as its brutal war nears the seven-month mark.
Posted inBusiness, Nation & World, News
Markets shudder on dashed inflation hopes; Dow falls 1,250
The inflation figures were so bad that traders see a 1-in-3 chance for a rate increase of a full percentage point by the Federal Reserve next week.
Posted inBusiness
More Mainers visit pantries as food insecurity spreads
As donations drop and Maine food banks struggle to meet rising demand, food bank officials call on federal government to extend food access programs.
Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: The Inflation Reduction Act is better than you might think
Critics say increased inflation means we can’t afford its measures. In fact, the cost of not taking climate action would far exceed the legislation’s incentives.
Posted inBusiness, Nation & World, News
Inflation eases as consumer prices rise 6.3% in July
Inflation started rising sharply in the spring of 2021 as the economy rebounded with surprising speed from the short but devastating coronavirus recession a year earlier.
Posted inBusiness, Nation & World, News
Chairman Powell says Fed could keep lifting rates sharply ‘for some time’
Stocks tumbled after Jerome Powell’s remarks, and bond yields rose, a sign that investors foresee more large interest rate hikes ahead.
Posted inBusiness, Nation & World, News
Macy’s, Nordstrom cut profit views along with inventories
Both retailers are suffering from an affliction plaguing most of their competitors: A glut of unsold inventory that they’re resorting to pricing at deep discounts to move.