The president used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programs tied to the production and shipment of goods.
inflation
Posted inBusiness
Key Fed official sees possible ‘golden path’ toward lower inflation without a recession
Austin Goolsbee’s optimistic outlook for inflation underscores why analysts increasingly think the Fed’s next move will be a rate cut, rather than an increase.
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Posted inBusiness
What’s pushing inflation down? More goods, workers and housing
However, even as overall price increases slow, it doesn’t mean inflation is reversing or that most prices are returning to pre-pandemic levels.
Posted inLocal & State, News
One-third of Maine workers are struggling to make ends meet, report says
And that doesn’t include the 12% of Maine people living below the poverty line.
Posted inBusiness, Nation & World
U.S. inflation eased slightly last month as price increases extend slow descent
Prices are continuing to rise faster than is consistent with the Federal Reserve’s 2% target.
Posted inBusiness, Nation & World, News
Fed keeps interest rates unchanged but it expects another increase this year
Even as inflation has slowed significantly, the job market and the economy have remained resilient, confounding expectations that the Fed’s series of hikes would cause widespread layoffs and a recession.
Posted inNation & World
Gas prices push up inflation in August, yet underlying price measures cooled
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control.
Posted inBusiness, Nation & World
U.S. price and wage increases slow further in the latest signs of cooling inflation
A price gauge closely monitored by the Fed rose just 3% in June from a year earlier, which is down from a 3.8% annual increase in May, but still above the Fed’s 2% inflation target.
Posted inBusiness, Nation & World, News
Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation
Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
Posted inBusiness, Nation & World, News, Politics
Fed Chair reinforces likelihood of more interest rate hikes due to persistently high inflation
The central bank has raised its benchmark rate aggressively since March 2022 in a push to slow the economy and reduce inflationary pressure.