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PublishedOctober 13, 2022
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.
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PublishedOctober 7, 2022
Grocery bill going up? Here’s how to eat cheaper
With inflation affecting the price of supermarket staples, we talked to Maine food experts about shopping smart and stretching meals.
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PublishedSeptember 30, 2022
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.
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PublishedSeptember 22, 2022
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.
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PublishedSeptember 21, 2022
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.
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PublishedSeptember 13, 2022
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.
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PublishedSeptember 3, 2022
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.
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PublishedAugust 31, 2022
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.
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PublishedAugust 26, 2022
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.
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PublishedAugust 26, 2022
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.
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