https://www.pressherald.com/tag/inflation/page/2

inflation

Published
July 2, 2024

Fed chair: U.S. inflation cooling again, though it isn’t yet time to cut rates

If the Fed cuts rates too soon, inflation could re-accelerate. But if it waits too long to reduce borrowing costs, it risks weakening the economy so much as to potentially cause a recession.
Published
June 28, 2024

Federal Reserve’s favored inflation gauge slows, supporting case for cut

At the same time, household spending rebounded, and incomes showed solid growth, offering some hope that price pressures can be tamed without lasting damage to consumers.
Published
June 12, 2024

Federal Reserve sees progress on inflation but envisions just 1 rate cut this year

The policymakers said the economy is growing at a solid pace, while hiring has 'remained strong' and there has been 'modest' further progress toward its 2% inflation target.
Published
May 29, 2024

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

In the U.S., a big reason why inflation remains above the Fed's target is that distortions stemming from the pandemic are still keeping prices elevated.
Published
May 27, 2024

Major retailers are offering summer deals to entice inflation-weary shoppers

Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief.

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Published
May 23, 2024

Grocers are finally lowering prices as consumers pull back spending

An array of federal regulators, Democratic lawmakers and think tanks contend that large retailers have kept prices artificially high.
Published
May 22, 2024

Target reports sales decline as discretionary spending remains tepid

U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
Published
May 19, 2024

As demand to insure pets grows in Maine, employers are starting to offer coverage

Maine companies don't contribute to expenses, but some offer group coverage plans. Many in the veterinary industry, where prices keep rising, say it's worth the cost.
Published
May 16, 2024

Walmart’s strong first quarter driven by Americans seeking bargains as inflation remains an issue

Walmart reported another quarter of strong results Thursday as its low prices pull in shoppers scouring for discounts with inflation stubbornly high.
Published
May 15, 2024

Inflation improved slightly in April, with timing for rate cuts still uncertain

The Federal Reserve had been getting ready to lower interest rates this year. The past few months complicated those hopes.