Tag: Economy
Federal Reserve keeps rates steady, officials divided on hikes this year
WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a...
All eyes turn to Fed chair Kevin Warsh and his first...
WASHINGTON (AP) – Ever since Kevin Warsh was nominated by President Donald Trump in late January to lead the Federal Reserve, a question has lingered: Will he...
Mixed news on R.I. economy
This month started with a mix of good and bad news on PBN.com when it comes to the state economy.
After months of economic data...
WalletHub: Mass. has best economy in nation, R.I. among bottom 5
PROVIDENCE – Rhode Island’s economy is among the bottom five nationally, while Massachusetts is No. 1 for the second consecutive year, according to a...
Key inflation gauge worsens as Americans’ income and spending power erodes
WASHINGTON (AP) – A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges...
U.S. employers add a surprisingly strong 115K jobs in April
WASHINGTON (AP) – America’s employers a delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war.
Hiring was better...
Rhode Island: Where often is heard a discouraging word on the...
“Underperforming” is how Emily Mandel, senior economist at Moody’s Analytics, characterized Rhode Island’s economic forecast through the end of the decade.
Her words of caution...
Do you agree with the Rhode Island Public Expenditure Council that state...
An over-reliance on low-productivity industry sectors and government spending has the state’s economy significantly lagging the rest of the nation, the Rhode Island Public...
Federal Reserve keeps key interest rate unchanged
WASHINGTON (AP) – The Federal Reserve left its benchmark interest rate unchanged for the third straight meeting but signaled it could still cut rates...
U.S. consumer confidence inches higher in April despite Iran war, soaring...
WASHINGTON (AP) – U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
The...
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