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Latest inflation figures are good news – even if they give a lot of people heartburn • New Hampshire Bulletin

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Latest inflation figures are good news – even if they give a lot of people heartburn • New Hampshire Bulletin


The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news.

That’s the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer prices rising 3.4 percent in the 12 months to April 2024. This is down slightly from the 3.5 percent year-over-year increase reported in March 2024.

In other words, while prices are rising, they’re not going up as sharply as they once were. That’s good news for shoppers; the U.S. economy is far from the 9.1 percent annual inflation seen in June 2022.

While energy and shelter prices increased in April, these gains were relatively modest. Meanwhile, food prices remained steady compared to last year and even declined by 0.2 percent compared to March. What’s more, people in the market for a car were in luck: New and used vehicle prices fell 0.4 percent and 6.9 percent, respectively, in April.

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The “core” consumer price index – which doesn’t include volatile food and energy prices and is often considered better at predicting future inflation than so-called “headline” CPI figures – is also down slightly. After posting a year-over-year increase of 3.9 percent in January and 3.8 percent in February and March, it slowed to 3.6 percent in April.

So the overall report is relatively positive: It didn’t show the uptick in inflation that many consumers feared, and reported inflation rates were actually slightly lower than market expectations.

As an economist, I see this data report as yet more evidence that economic growth is slowing – in a good way. The economy grew at a lower-than-expected 1.6 percent rate in the first quarter of 2024, according to the most recent gross domestic product data from the Bureau of Economic Analysis. The most recent jobs report also showed a slowdown in hiring, and the latest data on job vacancies similarly showed the labor market cooling off.

Why the Fed is paying close attention

The Federal Reserve’s main objective is to strike a balance between two goals: maintaining stable employment and ensuring price stability. It does this by managing and influencing interest rates.

Lowering rates stimulates the economy, which encourages economic growth and job creation – but that can fuel inflation. Raising rates does the opposite: Economic growth slows, which dampens inflation, but also hinders employment.

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So, when inflation started increasing dramatically after the COVID-19 pandemic, the Federal Reserve responded with a two-year campaign of rate hikes – they’re currently at a 23-year high. Since this raises the cost of borrowing, investors and potential homebuyers are keen for the Fed to dial back its rates.

After May’s report, I don’t believe the Federal Reserve will be in any rush to cut interest rates from their current elevated level. There’s a slowdown, to be sure, but the slowdown is so steady that it’s not pulling prices down in any rapid fashion.

This is no doubt frustrating for the Fed – which has an inflation target of 2 percent – as well as for potential homebuyers. But it’s evidence that the economy is stable at the moment. Inflation isn’t surging, and consumer spending, according to the Bureau of Economic Analysis, is still growing. In March, consumer spending increased 5.8 percent year over year, up from February’s 4.9 percent rate.

All eyes on the American shopper

Going forward, hopes for a “soft landing” – economist-speak for when the Fed slows inflation without triggering a recession – will depend in large measure on U.S. shoppers. Consumer spending makes up roughly two-thirds of U.S. gross domestic product.

If American shoppers suddenly stop spending, then inflation will slow considerably, job vacancies will evaporate, and gross domestic product could contract. At that point, the Fed will turn attention away from inflation and toward economic stimulus, and rates will fall.

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I mention this because a recent report by the Federal Reserve Bank of St. Louis showed a troubling uptick in consumer credit card delinquency rates. If much of the recent increase in consumer spending is due to Americans relying more on credit cards, then the economy could be on shakier ground than it appears.

The good news is that delinquency rates are still way below where they were ahead of the Great Recession, which lasted from December 2007 through June 2009. So, while this data may be troubling, there’s no need to panic just yet.

In short, while inflation rates still aren’t to the Fed’s liking, the economy – for now – appears to be on a stable path.The Conversation

This article is republished from The Conversation under a Creative Commons license. Read the original article.



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New Hampshire

Former NH legislator sentenced to decades behind bars for exploitation of toddlers

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Former NH legislator sentenced to decades behind bars for exploitation of toddlers


A former New Hampshire state representative was sentenced to more than 33 years in prison for involvement in a child exploitation case — almost double the mandatory minimum.

Stacie Marie Laughton, 42, pleaded guilty to three counts of sexual exploitation of children after soliciting and receiving nude photos of three toddlers from an ex-girlfriend who worked at a daycare.

Lindsay Groves, 41, of Hudson, N.H., was sentenced to almost 22 years in prison earlier this month after pleading guilty to the same charges as well as an additional count of distribution of child pornography.

According to court documents, Groves took the photos of the victims in 2023 at Creative Minds daycare in Tyngsboro, where she was a teacher, during designated bathroom breaks and nap times.

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She then sent the photos to Laughton, who requested the images and asked that Grove touch one of the minor’s genitals. In the conversation included in the records, the pair sexualizes the victims.

“Did the girl give you an issue,” Laughton texted after receiving the photos.

“No… the boy didn’t either,” Groves texted back.

In a sentencing memorandum, Laughton’s counsel had argued that she should receive a shorter sentence than Groves and asked for the minimum mandatory sentence, which would have 15 years for each count to be served concurrently.

“Stacie Laughton is a complex 42-year-old woman,” the memo said, noting that she was the first openly transgender woman to be elected to the New Hampshire legislature.

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The filing described Laughton’s history of mental health, substance abuse, sexual abuse, and trauma as mitigating factors the judge should consider.

“One of the few consistencies in Ms. Laughton’s life is her challenges with mental health illnesses,” the memo said. “She began receiving mental health treatment at the age of four and has been in and out of extensive treatment programs ever since.”

The death of Laughton’s wife in 2020 and a tumultuous relationship with Groves also added to her mental health struggles, the memo said, stating that the defendant drank every day and had tried heroin for the first time leading up to her arrest.

A doctor quoted in the filing said that Laughton likely had a low IQ, tied in part to her premature birth, as well as “normal sexual interests.”

“This finding shows both how caught up Ms. Laughton was in her relationship with Groves that she participated in activity counter to this and is … an important factor in considering whether Ms. Laughton would be a future threat upon release,” the memo said.

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The filing described Laughton’s actions as “horrendous, reprehensible, and shocking,” but said that even though the crimes were “utterly inexcusable,” she should still receive a shorter sentence than her codefendant out of a sense of justice.

However, in their own sentencing memo, federal prosecutors requested Laughton receive 40 years in prison.

“These crimes only came to light when Laughton reported them in an apparent attempt to punish Groves for ending their relationship,” prosecutors wrote. “The defendant, of course, did not disclose her own role in the creation of the imagery.”

“She ultimately admitted that she told Groves to touch one child’s penis, and claimed that she was feeding Groves’s attraction to children,” their memo said.

The prosecutors said that Laughton’s voice was the “more prominent one” in the conversation about exploiting children.

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New Hampshire

Three seriously injured in head-on crash on I-293 in Hooksett, N.H. – The Boston Globe

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Three seriously injured in head-on crash on I-293 in Hooksett, N.H. – The Boston Globe


Three people suffered injuries in a two-vehicle collision early Tuesday morning in Hooksett, New Hampshire.Courtesy of New Hampshore State

Three people suffered serious injuries Tuesday in a two-vehicle crash in Hooksett, N.H., police said.

The head-on collision happened around 5:40 a.m. on Interstate 293 northbound, State Police said.

Police said that Timothy Hubbard, 43, of Rome, Maine, was traveling south when he lost control of his car and crossed the median into oncoming traffic, police said.

Hubbard, his passenger, and the other driver were taken to hospitals to be treated for serious injuries, police said. The injures were not believed to be life-threatening.

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Police said speed was believed to be a factor in the crash, which is under investigation.


Hannah Goeke can be reached at hannah.goeke@globe.com.





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Sara Doherty – Concord Monitor

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Sara Doherty – Concord Monitor


Sara Doherty

Franklin, NH – Sara Jane (Sanford) Doherty, 79, of Franklin, New Hampshire, passed away peacefully at her home on June 11, 2026. A beloved wife, mother, grandmother, and friend, Sara was born on June 5, 1947, in Hanover, New Hampshire, to Harold and Sadie (Pettengill) Sanford.

As the daughter of a U.S. Army Corps of Engineers employee, Sara spent her childhood moving throughout New England, living in New Hampshire, Massachusetts, and Connecticut. She graduated from high school in Hudson, Massachusetts, and later returned to New Hampshire, eventually settling in Franklin, where she made her home for more than forty years.

Sara built a successful career in the textile industry. She worked as a seamstress at Howland Originals before joining Star Specialty Knitting, where she began as a stitcher and, through hard work and determination, advanced to Plant Manager. She retired in 2003, and one of the greatest joys of her retirement was caring for several of her grandchildren, whom she adored.

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Sara was a remarkably talented and creative artisan. She sewed clothing for her children when they were young and later created outfits for her grandchildren and their dolls. She was a gifted painter and artist whose extraordinary drawings and paintings brought joy to those around her. An accomplished seamstress, knitter, crocheter, cake decorator, and musician, Sara had an exceptional ability to create beauty in many forms. Her handmade gifts and treasured creations will be cherished by her family for generations to come.

Her talent for cake decorating blossomed into a successful side business that spanned more than thirty years. Sara created hundreds of stunning and imaginative cakes, including wedding and birthday cakes for her own children and grandchildren. Her passion for baking was so well known that for many years her license plate proudly read “CAKES+.”

Sara also had a remarkable gift for bringing people together. She hosted countless family reunions, each one more creative than the last. With elaborate themes, games, prizes, delicious food, and endless laughter, she created memories that her family will treasure forever. She was also known for her generous holiday gatherings, often welcoming more than thirty family members and friends into her home for Thanksgiving and Christmas celebrations. Summers brought cherished Fourth of July cookouts by Webster Lake, where Sara delighted in decorating the waterfront and gathering loved ones to enjoy the annual boat parade.

Sara’s love of giraffes was known by all who knew her. She spent years collecting hundreds of them, giving each a special “G” name. Before her passing, she shared one of her favorites, “Geebri,” with her granddaughter Sydni, who is expecting Sara’s first great-grandchild.

Her warmth, creativity, generosity, and love of family touched everyone who knew her. To say she will be missed is a vast understatement. She was truly the heart of her family.

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Sara leaves behind her devoted husband of 43 years, Joel Doherty; her sons, Todd (Michelle) Chapman of Sanbornton, New Hampshire, and Paul (Cheryl) Chapman of Northfield, New Hampshire; her stepdaughters, Ali (Oliver) Frates of Amherst, New Hampshire, and Kate Hodge of Durham, New Hampshire; and her beloved grandchildren, Shelby, Sydni, Morgan, Owen, Duncan, Calum, Macy, and Elyse, and Step-grandchildren, Matthew, Jennifer, Eric, & Kevin.

Sara was predeceased by her parents.

Sara’s family would like to express their heartfelt thanks to Franklin VNA for their rapid and seamless response in setting up hospice, and to The Payson Center for their dedication and care, which gave us more precious time with her.

A graveside service will be held on Tuesday, June 30, 2026 at 11:00 AM in Franklin Cemetery, Thompson Park in Franklin.

For more information or to leave the family an online condolence, please visit www.smartmemorialhome.com.

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Click here to sign the guest book or honor their memory with flowers, donations, or other heartfelt tributes



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