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PublishedMarch 18, 2022
Gov. Mills proposes payments of $850 to qualifying Mainers as she revises budget
The total amount of direct relief to individual Mainers would be increased by $100 from the governor's previous plan.
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PublishedMarch 17, 2022
U.S. rent inflation hits new high, led by Miami with 39% rate
Single-family rental prices jumped 12.6% from a year earlier, according to the latest CoreLogic Single-Family Rent Index.
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PublishedMarch 16, 2022
How will higher interest rates affect your finances?
Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on a period of rate hikes to fight inflation.
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PublishedMarch 16, 2022
Fed hikes key interest rate to fight inflation, with more to come
The Fed's quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
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PublishedMarch 7, 2022
Ukraine crisis sends fossil fuel prices soaring in Maine
Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
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PublishedMarch 3, 2022
Wheat, corn prices surge amid Russia’s invasion of Ukraine
Inflation is already at a four-decade high in the U.S., partly driven by rising food costs.
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PublishedMarch 3, 2022
Federal Reserve chair: Russia’s war on Ukraine will worsen inflation
Jerome Powell warned that Russia’s invasion has already driven up oil prices.
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PublishedFebruary 20, 2022
In a cold winter, Maine household budgets buckle under growing energy burden
Skyrocketing prices for electricity, heating oil and gasoline are hitting Mainers especially hard when the mercury falls.
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PublishedFebruary 14, 2022
Biden has long-term inflation plan, but voter patience is short
He believes a cluster of companies control too many industries, which reduces competition for customers and workers.
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PublishedFebruary 14, 2022
Maine businesses and residents feel inflation’s bite
Business owners and consumers say higher prices threaten to slow the state's economic recovery as inflation hits a 40-year high.
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