Tag: inflation
Hits keep coming, but pandemic-hardened businesses adapting
Inflation is at a 40-year high and qualified, committed workers seem scarcer than ever. Yet profits are up strongly for many local businesses from...
Weekly U.S. jobless claims rise for the first time in a...
WASHINGTON (AP) — More Americans applied for unemployment benefits last week following three straight weeks of declines.
Jobless claims rose by 23,000 to 248,000 for...
U.S. inflation jumped 7.5% in the past year, a 40-year high
WASHINGTON (AP) – Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and...
PBN Economic Trends Summit to be held Feb. 10
PROVIDENCE – The PBN Economic Trends Summit will be held on Feb. 10 from 9 a.m. to 11 a.m.
The virtual summit will discuss the...
After huge pandemic losses, governments see rapid rebound
State and local governments lost at least $117 billion of expected revenue early in the pandemic, according to an Associated Press analysis, but many...
Fed plans to raise rates as soon as March to cool...
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key...
Inflation inequality is a thing, and it’s getting worse
The fastest rate of inflation in 40 years is hurting families across the U.S. who are seeing ever-higher prices for everything from meat and...
U.S. consumer inflation up 6.8% in past year, most since 1982
WASHINGTON (AP) – Prices for U.S. consumers jumped 6.8% in November compared with a year earlier as surging costs for food, energy, housing and...
U.S. food banks struggle to feed hungry amid surging prices
OAKLAND, Calif. (AP) – United States food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge...
Powell says inflation, though elevated, will likely moderate
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated...
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