The Organization for Economic Cooperation and Development expects the world’s two biggest economies, the United States and China, to decelerate next year
inflation
Posted inBusiness, Nation & World, News, Politics
Biden says he’s helped lower inflation as he hosts first meeting of his new supply chain council
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.
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Posted inBusiness, Nation & World, News
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.
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 inOp-eds, Opinion
Commentary: Food inflation is a hardship outside the Fed’s control
Higher interest rates will do nothing to reverse the surging costs of basics such as meat or eggs. But shoring up the supply chain would help.
Posted inOp-eds, Opinion
Commentary: The Panama Canal is running dry. That’s the United States’ fault – and problem
A dwindling freshwater supply after a 20-year drought pits Panamanians’ need for drinking water against global demand for shipping. U.S. voters are key to the solution.
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.