Noticeable pockets of Americans – renters, and lower- and middle-income borrowers – are running up their credit cards balances, and increasing numbers are falling behind on their debts.
inflation
Posted inBusiness, Local & State, News
The economy is booming. So, why don’t people feel better about it?
A disconnect exists between big-picture indicators like unemployment and wages and the reality of day-to-day life for many in Maine, where groceries and housing costs remain stubbornly high.
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Posted inBusiness
Americans’ economic outlook brightens as inflation slows, wages outpace prices
Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock market.
Posted inNation & World, News
Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
Former President Donald Trump has told supporters that the inflation under Biden is how ‘countries die’ and that a Trump return to the White House would mean lower energy costs.
Posted inBusiness, Nation & World
U.S. inflation edges up in December, fueled by food and housing prices
Excluding volatile food and energy costs, though, so-called core prices rose mildly month over month.
Posted inBusiness
U.S. inflation is set to fade in 2024 as goods prices keep falling
Goods prices overall have stopped rising and some, like those for cars, are falling.
Posted inBusiness, Nation & World, News
Congressional Budget Office projects lower inflation, higher unemployment over next 2 years
The office’s Current View of the Economy from 2023 to 2025 report estimates that the unemployment rate will rise to 4.4% by the end of 2024.
Posted inBusiness, Nation & World, News
Federal Reserve keeps key interest rate unchanged, foresees 3 rate cuts next year
It is the first time since inflation first spiked that the central bank has formally acknowledged progress in its fight against accelerating prices.
Posted inBusiness, Nation & World, News
U.S. consumer inflation eased slightly as gas prices fell, though some costs kept surging
Compared with a year earlier, prices were up 3.1% in November, down from a 3.2% year-over-year rise in October.
Posted inBusiness, Nation & World
World economy to slow next year because of inflation, high rates and war, OECD says
The Organization for Economic Cooperation and Development expects the world’s two biggest economies, the United States and China, to decelerate next year