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Scott Lanman

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OVERALL U.S. construction spending was little changed in April from the prior month. Government data showed that private construction plunged 1.7% from March, the worst drop in six years, while government building jumped 4.8%, with the biggest boost in federal outlays since 2017. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

Surge in public U.S. construction masks drop in private sector

PROVIDENCE – United States construction spending is going in different directions depending on whether it's spearheaded by governments or the private sector, with a...

Underlying U.S. producer-price inflation stayed muted in April

NEW YORK – A measure of underlying United States inflation-pipeline pressures rose by less than forecast in April, suggesting Federal Reserve officials may need...
U.S. CONSTRUCTION spending posted the smallest annual increase since 2011 in December. / BLOOMBERG NEWS FILE PHOTO

U.S. 2018 construction spending rises by least in 7 years

NEW YORK - United States construction spending posted the smallest annual increase since 2011 as homebuilding slowed amid higher borrowing costs and a glut...
AMERICAN CONSUMER SENTIMENT approached a 17-year high last week. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE

U.S. consumer comfort nears 17-year high as economic view gains

NEW YORK - Americans’ sentiment approached a 17-year high last week on increasingly upbeat views of the economy and personal finances, the Bloomberg Consumer...

Bernanke gives push to new stimulus as officials lower outlook

WASHINGTON - Federal Reserve Chairman Ben S. Bernanke signaled additional monetary stimulus may be needed to lower U.S. unemployment as policy makers projected little...

Bernanke says Fed must monitor inflation ‘extremely closely’

WASHINGTON - Federal Reserve Chairman Ben S. Bernanke said policy makers must watch inflation “extremely closely” for evidence that rising commodity costs are having...
FEDERAL RESERVE CHAIRMAN BEN S. BERNANKE was the keynote speaker at the Rhode Island Public Expenditure Council on Oct. 4. /

Bernanke says fiscal limits can improve path of federal budget

PROVIDENCE - Federal Reserve Chairman Ben S. Bernanke said adopting rules that limit federal spending or debt can help put the U.S. on...
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