Updated March 27 at 6:35pm
Economic Indicators
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With six of its seven local component parts contributing positively, the Rhode Island Current Economic Indicator increased to 3 percent in the second quarter, from a 2.2 percent reading in the first three months of the year. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy. more
The economy in the United States took a step forward as home sales unexpectedly climbed, manufacturing accelerated and the outlook for the second half of 2014 brightened. more
Purchases of previously owned U.S. homes unexpectedly rose in July to a 10-month high as low borrowing costs and an increase in inventory drew buyers. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index to within three points of an all-time high, amid speculation the Federal Reserve will continue to support low interest rates as the economy recovers. more
Foreclosures in the Providence-Warwick metro area represented 1.78 percent of all mortgages for the month of June, compared with 2.35 percent for the same month last year, according to data released Wednesday by CoreLogic. more
Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. more
The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics. more
U.S. stocks advanced, after the Nasdaq Composite Index climbed to a 14-year high Monday, as retailers rallied on better-than-projected earnings while data showed inflation pressures remain limited and housing starts jumped. more
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