Jobs Surge, Rates Stay High, Fuel Costs Soar | Portland Maine News

The economy just added 162,000 jobs—way above expectations—and that’s making the Fed hesitate to cut rates, since a hot job market fuels inflation concerns. Even some longtime Fed supporters are now urging rate cuts, arguing a strong economy should mean cheaper borrowing. Meanwhile, diesel prices hit record highs at $5.85, and gas is climbing to $4.14, driven by Middle East tensions and soaring fuel costs—likely pushing up everything you buy. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2a9dbbd2b773f94d