inflation
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PublishedJune 22, 2023
Fed Chair reinforces likelihood of more interest rate hikes due to persistently high inflation
The central bank has raised its benchmark rate aggressively since March 2022 in a push to slow the economy and reduce inflationary pressure.
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PublishedJune 21, 2023
Fed’s Powell says higher interest rates needed to curb inflation
The Federal Open Market Committee paused its series of interest-rate increases last week for the first time in 15 months, leaving rates in a range of 5% to 5.25%.
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PublishedJune 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.
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PublishedMay 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.
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PublishedApril 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.
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PublishedMarch 29, 2023
The Conversation: SVB’s newfangled failure fits a century-old pattern of bank runs, with a social media twist
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PublishedMarch 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.
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PublishedFebruary 16, 2023
Cautious but steady consumers buoying hopes for U.S. economy
Nearly three years after the pandemic caused a brief but brutal recession and then a powerful rebound, the economy appears to have entered a phase in which growth might not be so forceful as to fuel high inflation.
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PublishedFebruary 14, 2023
U.S. inflation slows to 6.4%, but price pressures reemerge
High costs keep pressure on the Federal Reserve to raise its benchmark interest rate further and to keep it there through year's end.
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PublishedJanuary 31, 2023
Small Midcoast farms reluctantly hike egg prices for the first time in years, but not for same reason as big farms
National egg distributors claim avian flu as the culprit for soaring egg prices, but local farmers attribute it to rising fuel and feed costs.
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