inflation Archives - Lewiston Sun Journal

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Inflation

Published
September 20, 2023

Fed keeps interest rates unchanged but it expects another increase this year

Even as inflation has slowed significantly, the job market and the economy have remained resilient, confounding expectations that the Fed’s series of hikes would cause widespread layoffs and a recession.
Published
September 13, 2023

Gas prices push up inflation in August, yet underlying price measures cooled

Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control.
Published
August 10, 2023

Progress on inflation stalled in July, as prices nudged up

After more than a year of steady declines, inflation is ticking up again. But economists say this is just a temporary blip.
Published
July 26, 2023

Federal Reserve raises its key rate for 11th time by a quarter-point in its drive to slow inflation

Coming on top of its previous rate hikes, the Fed’s latest move could lead to further increases in the costs of mortgages, auto loans, credit cards and business borrowing.
Published
July 26, 2023

As inflation falls, Republicans may have to rethink attacks on Biden economy

Soaring prices have given Republican lawmakers a powerful talking point, but its potency may begin to fade.

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Published
July 12, 2023

Inflation drops to lowest levels since March 2021 as economy cools

Wages are now rising faster than prices. The Federal Reserve isn’t ready to declare victory yet, since inflation isn’t consistently falling yet.
Published
June 13, 2023

U.S. inflation slows, giving room for Fed to pause rate hikes

The Fed will likely announce that it’s skipping a rate hike but may resume raising rates as soon as July.
Published
May 10, 2023

U.S. prices stay high, showing inflation pressures persist

Inflation eased for a 10th straight month, but prices are still increasing faster than normal.
Published
April 12, 2023

Cheaper gas and food provide some relief from U.S. inflation

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.
Published
March 14, 2023

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.