Tag: inflation
Retail sales up 1% in June as shoppers show resilience
NEW YORK (AP) – Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump...
Wholesale inflation in June surged 11.3% from a year ago
WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful reminder that inflation is...
U.S. stocks slide as earnings reports for companies begin
Stocks shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and...
The price of tampering with free markets
When you mess with Mother Nature, she tends to mess back. Rampant inflation is just the latest example of what should now be common...
U.S. job openings slip, though remain at healthy level
WASHINGTON (AP) – U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained...
Key inflation gauge tracked by the Fed remains a high 6.3%
WASHINGTON (AP) – A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged...
Businesses addressing future risks based on pandemic experience
Small-business owners in Rhode Island and across the country are reporting inflation and supply chain disruptions are impacting their businesses in big ways, according...
Is the Federal Reserve right to focus on taming inflation with...
The Federal Reserve on June 15 took its boldest step yet to tame runaway inflation by raising its key interest rate by three-quarters of...
Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) – The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of...
U.S. inflation hit a new 40-year high last month of 8.6%
WASHINGTON (AP) – The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American...
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