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News
No relief from inflation as Middle East clashes lifts fuel prices to painful levels
13+ hour, 19+ min ago (1033+ words) WASHINGTON — US inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away....
Job growth strengthens in N.H. as wages continue to lag behind inflation, report finds
1+ week, 2+ day ago (289+ words) The state’s unemployment rate declined from 3.2 percent in December to 2.8 percent in July, while the labor force grew slightly, according to preliminary data outlined in the institute’s report. Ben Reynolds, a senior policy analyst and lead author of the institute’s…...
Investors prosper and consumers pay as the Iran war exacts an uneven economic toll 6 months in
1+ week, 6+ day ago (1085+ words) But six months into the conflict, the direst predictions haven’t come true even if no corner of the world’s economy has been untouched. “So far, the global economy has pulled off the financial equivalent of a ‘Mission Impossible’ scene,” said…...
US rates need to rise soon absent evidence of ongoing drop in inflation, Fed???s Collins says
2+ week, 3+ day ago (211+ words) The US Federal Reserve will need to raise interest rates soon unless coming data show a continued decline in inflation that remains too high and which has become a “pervasive” concern for businesses and households, Boston Fed President Susan Collins…...
Rising food costs squeeze childcare providers, report finds
2+ week, 3+ day ago (493+ words) Childcare providers are financially struggling to keep up with escalating food costs, and yet many early education programs are choosing not to participate in a federal nutrition assistance program due to administrative hassles, according to an upcoming report from Boston-based…...
Boston Fed president takes economic pulse in N.H. visit to???complement the statistical data???
3+ week, 20+ hour ago (555+ words) DOVER, N.H. — One of the most influential leaders in setting the nation’s monetary policy spent time Thursday with business leaders in New Hampshire who are grappling with lingering inflation and an especially tight labor market. Susan M. Collins, president of the…...
Boston Fed paper says strong productivity blunted tariff inflation impact
3+ week, 2+ day ago (487+ words) Robust US productivity levels appear to have blunted the full inflationary impact of President Trump’s large-scale trade tariffs, new research from the Federal Reserve Bank of Boston said. “Industries in which tariffs induced higher costs in 2025 also experienced greater labor…...
The US national debt now stands at $40 trillion
3+ week, 2+ day ago (340+ words) The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October. The unprecedented $40 trillion figure highlights competing administration priorities, from boosting the defense spending that…...
???Many??? Fed officials think higher rates will be needed if inflation stays high
3+ week, 2+ day ago (396+ words) The minutes of the July 28-29 meeting, released Wednesday, don’t provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 policymakers vote on the outcome. Officials voted 9-3 at the meeting to keep their key rate unchanged at…...
Boston???s stubbornly harsh market makes the case for rent control
3+ week, 5+ day ago (230+ words) Local renters canât afford to wait a decade for housing construction â weâre being pushed out of our homes and communities by rising rents today. Boston’s stubbornly harsh market makes the case for rent control Andrew Brinker’s story…...