Consumer prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the mildest such rise in nearly 2 years.
inflation
Posted inTimes Record Opinion
The Conversation: SVB’s newfangled failure fits a century-old pattern of bank runs, with a social media twist
THE CONVERSATION — The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse. Usually banks, like all companies, fail after a prolonged period of lackluster performance. But SVB, the […]
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Posted inBusiness, Nation & World, News
U.S. consumer prices ease but stay high, putting Fed in tough spot
With the recent collapse of Signature and Silicon Valley banks, the agency may have to shift its focus from taming inflation to boosting confidence in financial institutions.
Posted inBusiness
Cautious but steady consumers buoying hopes for U.S. economy
Nearly three years after the pandemic caused a brief but brutal recession and then a powerful rebound, the economy appears to have entered a phase in which growth might not be so forceful as to fuel high inflation.
Posted inBusiness, Nation & World, News
U.S. inflation slows to 6.4%, but price pressures reemerge
High costs keep pressure on the Federal Reserve to raise its benchmark interest rate further and to keep it there through year’s end.
Posted inTimes Record
Small Midcoast farms reluctantly hike egg prices for the first time in years, but not for same reason as big farms
National egg distributors claim avian flu as the culprit for soaring egg prices, but local farmers attribute it to rising fuel and feed costs.
Posted inBusiness, Nation & World, News
Even on $100,000-plus, more Americans are living paycheck-to-paycheck
This year may bring further pressure, with less than half of the respondents saying they expect their incomes to keep pace with inflation.
Posted inMaine Voices, Opinion
Maine Voices: At 86, I’ve been here before. I will survive another downturn.
But one thing I will not cut out are my donations to groups that help the poor, because they need support more than ever right now.
Posted inBusiness, Nation & World, News
Wholesale inflation in U.S. slowed further in December to 6.2%
Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight monthly slowdown and a hopeful sign that inflation pressures will continue to cool.
Posted inBusiness, Nation & World
U.S. consumer inflation eases for sixth month in row
The softer readings add to growing signs that the worst inflation bout in four decades is steadily waning.