If inflation doesn’t calm down, the Fed’s plan for a gradual withdrawal of economic support – including 3 interest rate hikes, perhaps as early as spring – may look inadequate or operate with a lag.
inflation
Posted inOp-eds, Opinion
Commentary: The Fed’s pivot on inflation, unemployment is the opposite of hawkish
The central bank’s policy stance is actually much more dovish than it was a year ago. This doesn’t bode well for the economy.
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Posted inBusiness
Federal Reserve to accelerate withdrawal of economic aid as prices surge
Officials expect inflation to ease in late 2022.
Posted inBusiness, Nation & World
Why U.S. inflation is so high, and when it may ease
The economy has staged an unexpectedly rousing recovery from the pandemic, fueled by government spending and emergency moves by the Fed. Businesses had to scramble to meet demand, pushing prices up.
Posted inBusiness, Nation & World
Inflation set to spoil holidays for struggling U.S. families
Lower-paid workers’ wages have increased in the past year, but prices are rising faster.
Posted inBusiness, Nation & World
Defying inflation, Americans increased their spending in October
The October gain the government reported Tuesday was solid enough for most economists to anticipate holiday shopping jumping by a record amount this year.
Posted inBusiness, Maine
Pandemic-related inflation hits Maine auto market, especially for used cars
Used car prices jumped by 45% nationally during the 12-month period ending in June to a record average sale price of $25,000.
Posted inBusiness, Maine
Mainers dig deeper to pay for goods and services as inflation rises
Consumer prices rose by an average of 5% in the Northeast over the past year – three times the annual U.S. average over the previous decade.
Posted inElection 2022, Op-eds, Opinion
Jim Fossel: Jump in prices should worry Democrats on path to midterms
If inflation is a problem in 2022, voters will have reason to blame the majority party, both in Augusta and in Washington.
Posted inBusiness
Federal Reserve to discuss a pullback in economic aid with inflation up
The worry is that the the Fed will respond too aggressively and quickly raise interest rates which could cause another recession.