While deeply unpopular with his Democratic colleagues, the West Virginia senator hews closer to the views of most Americans than you might think.
inflation
Posted inBusiness, Local & State, News
Gas prices decline, but experts unsure if the trend will continue
The average price of regular gasoline in Maine is down 32 cents a gallon from its June peak, with York County reporting the lowest countywide average.
advertisement
Posted inBusiness
Wholesale inflation in June surged 11.3% from a year ago
The U.S. producer price index – which measures inflation before it hits consumers – rose at the fastest pace since hitting a record in March.
Posted inBusiness, Nation & World
Why inflation is so high, and when it might ease
But relief from higher prices might be coming.
Posted inBusiness, Nation & World, News
U.S. inflation reached a new 40-year high in June of 9.1%
Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike.
Posted inBusiness, Nation & World, News
U.S. inflation surged again in June, raising risks for economy
Lower-income and Black and Hispanic Americans have been hit especially hard.
Posted inBusiness
Did corporate greed fuel inflation? It’s not biggest culprit
Most economists say corporate price gouging is, at most, one of many causes of runaway inflation – and not the primary one.
Posted inBusiness, Nation & World
Chairman Powell says Fed aiming to avoid recession while taming inflation
He tells senators that the Federal Reserve’s primary goal is to reduce inflation, and he still hopes to achieve what he has called a ‘soft landing’ – a reduction in inflation and a slowdown in growth without triggering a recession and high unemployment.
Posted inBusiness, Nation & World, News
Fed’s Powell facing rising criticism for inflation missteps
Struggling to curb the worst inflation outbreak in 3 decades, Federal Reserve Chair Jerome Powell last week engineered a three-quarters-of-a-point increase in the Fed’s short-term interest rate — the largest single rate hike in a quarter-century.
Posted inBusiness, Nation & World
Stocks rally after Fed’s big rate hike to fight inflation
The market’s ebullience is a sharp turnaround from the worldwide rout that has dominated much of this year.