Both Vice President Kamala Harris and former President Donald Trump are pushing economic ideas that – whatever their merits – could raise prices on many goods and services, some economists said.
inflation
Posted inBusiness, Nation / World
Annual U.S. inflation falls to 3-year low, clearing way for Fed to cut rates
The government said nearly all of July’s inflation reflected higher rental prices and other housing costs, a trend that, according to real-time data, is easing.
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Posted inBusiness
Americans’ refusal to keep paying higher prices may deal final blow to inflation
The reluctance of consumers to keep paying more has forced companies to slow their price increases – or even to cut them. The result is a cooling of inflation pressures.
Posted inBusiness, Nation / World, News
Food companies feel the pain as consumers reject higher prices
Faced with revenue and unit sales declines in recent months, snack giants PepsiCo and Conagra confront the reality of “value-seeking behavior.”
Posted inBusiness, Nation / World, News
Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing
Chair Jerome Powell’s written testimony Tuesday marked a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it’s moving closer to cutting interest rates.
Posted inBusiness, Nation / World, News
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.
Posted inBusiness, Nation / World, News
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.
Posted inBusiness, Nation / World
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.
Posted inBusiness
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
Posted inBusiness, Health, Maine
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.