Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing it even after adjusting for inflation.
inflation
Posted inOp-eds, Opinion
Maine Republican Party vice chair: Democrats aren’t taking our state in a good direction
From the gas pump to the doctor’s office, the majority party in Augusta is intent on draining Mainers’ wallets, Shane Reitze says.
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Posted inBusiness, Nation & World, News
U.S. inflation dips from four-decade high but still causing pain
Wednesday’s report on consumer prices contained some cautionary signs that inflation may be becoming more entrenched.
Posted inNation & World, Politics
Biden pushes ‘ultra-MAGA’ label on Republicans as he defends his record
The president acknowledges that he could ‘taste’ the country’s dissatisfaction with Washington, particularly over rising prices, but he tries to channel the anger against the Republican Party.
Posted inBusiness, Nation & World, News
Americans put more on credit cards as inflation boosts costs, Fed data show
A record 537 million credit card accounts were opened in the first quarter, a jump of 31 million over the past year.
Posted inEditorials, Opinion
Another View: Bad 1970s economic news is back to haunt Biden
Stagflation, or economic stagnation amid persistent inflation, is a curse Joe Biden doesn’t need ahead of the midterm elections.
Posted inOp-eds, Opinion
Commentary: Manchin’s energy plan is just what Biden needs
The president can show his commitment to low gas prices by supporting the senator’s efforts to reach a compromise.
Posted inBusiness, Maine
Maine launches website to explain relief check rules
The site answers questions about the $850 checks that will be sent to many Mainers beginning in June.
Posted inNation & World
UN says Ukraine war threatens to devastate many poor nations
Before Russia’s invasion of Ukraine on Feb. 24, prices were already on the rise, ‘but the war has made a bad situation worse,’ U.N. Secretary-General Antonio Guterres said.
Posted inBusiness, Nation & World
U.S. inflation jumped 8.5% in past year, highest since 1981
Some economists suggest that inflation is at or near its peak, but it could take time to come back down.