The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
inflation
Posted inBusiness, Nation & World
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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Posted inBusiness, Nation & World, News
Discount grocers smell opportunity amid rising prices
Together, these discount grocers and value retailers are sprinting to meet consumers where they are: hunting for cheaper grocery options.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Local & State, News
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.
Posted inBusiness
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.
Posted inBusiness, Nation & World, News
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.
Posted inBusiness, Nation & World
Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices
It’s the latest sign that the slowdown in consumer price increases is occurring unevenly from month to month.
Posted inBusiness, Nation & World, News
U.S. inflation slows but remains elevated as price pressures are easing only gradually
Tuesday’s sticky inflation data sent stock and bond prices tumbling, with financial markets now envisioning the Fed’s first cut rates in June, rather than in May or March.
Posted inBusiness, Nation & World, News
Some Americans are saddled with credit card debt as rent and everyday prices remain high
Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.