Updated October 12 at 10:12pm
Economic Activity
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August “arrived with a bang for Rhode Island,” according to University of Rhode Island economist Leonard Lardaro. more
Federal Reserve Bank of New York President William C. Dudley said he expects the U.S. central bank to raise interest rates by December, echoing comments by fellow regional Fed chief Dennis Lockart in Atlanta, while cautioning that this was not a pledge to action and will depend on the economy staying on track. more
Foreclosure rates fell in the Providence-Warwick metropolitan area in July to 1.64 percent, a decrease from July 2014 when the rate was 1.79 percent, CoreLogic said Friday. more
Hotel tax collections jumped nearly 25 percent in July when compared with July 2014, the state Department of Revenue reported Friday. more
An interactive map from The New York Times shows where people living in a state were born. In 2012, 57 percent of Rhode Islanders were born in the Ocean State, compared with 64 percent in 1950 and 51 percent in 1900. more
Consumer confidence climbed for a third week to reach its highest level since mid-April as Americans held more favorable views of the economy, buying climate and personal finances. more
Hotel, meal and beverage tax collections increased year over year in July, the state Department of Revenue said Wednesday. more
The IMF warned officials to protect their financial systems from possible instability as the U.S. Federal Reserve prepares to raise interest rates, saying shocks or policy missteps risk derailing the global economy and triggering equity market sell-offs. more
Rhode Island’s economy continued to expand at a slow, but steady, rate in the second quarter, according to the Rhode Island Current Economic Indicator briefing released Wednesday by the Center for Global and Regional Economic Studies and the Rhode Island Public Expenditure Council. more
Rhode Island single-family home sales jumped 23.8 percent in August, making it the best August for sales since 2005, according to The Warren Group, publisher of Banker & Tradesman. more
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