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Latest Headlines in Economy

US inflation eased last month in the first slowdown of 2024

The decline likely offers a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.

Wholesale price increases accelerated in April as inflation remains sticky

Measured year over year, producer prices rose by 2.2 percent in April, up from 1.8 percent in March and the biggest increase in a year.

Larry Edelman | Trendlines

‘Demographics are going to catch up with us’: Mass. economy needs more workers to keep growing

The state’s GDP increased by an annualized 1.8 percent in the first three months of the year despite higher inflation.

US employers scaled back their hiring in April, adding 175,000 jobs

The lower-than-expected number could be seen as supporting rate cuts by the Federal Reserve this year.

Larry Edelman | Trendlines

Why are people leaving Massachusetts? Here’s where the state is falling short — and what the impact is.

A Boston University analysis tallies Massachusetts’ strengths and weaknesses compared with the 11 states where most Bay State exiles end up.

Federal Reserve says interest rates will stay at two-decade high until inflation further cools

The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of 5.3 percent.

US consumer confidence slumps to lowest level since July 2022

Confidence now stands at the lower end of its recent range as consumers contend with elevated inflation, high borrowing costs, and a gradually cooling labor market.

Larry Edelman | Trendlines

As inflation picks up, small businesses are feeling the squeeze

The cumulative impact of higher prices is mounting.