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US inflation accelerated in August for the second-straight month, pushed up by rising gas prices. However, core inflation, which strips out volatile food and energy prices, continued to slow, according to data from the Bureau of Labor Statistics released Wednesday.
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Will they or won't they? Speculation continues on whether or not the Fed will raise interest rates again at the Federal Open Market Committee (FOMC) meeting of September 19-20, 2023, after a 0.25%...
US inflation has slowed markedly over the past year as the Federal Reserve raised interest rates aggressively to cool demand and slow price increases. The job market hasn’t cooled as much and there’s always speculation over what the latest monthly jobs report means for the Fed.
On a warm Saturday morning in July, as Kathie Leonard planned to set out on her boat for a day on the water off the coast of Maine, her phone rang. The call was from the head of the Maine Department of Economic and Community Development, asking if Auburn Manufacturing — the specialized textiles maker Leonard runs — would be interested in hosting “the president” in the coming week.