Tag: Economy
U.S. January wholesale prices arrive hotter than expected
WASHINGTON (AP) – U.S. wholesale prices came in hotter than expected last month.
The Labor Department reported Friday that its producer price index, which...
For the first time since 2022, average U.S. long-term mortgage rate...
The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as...
U.S. trade deficit slipped to $901B last year amid Trump tariffs
WASHINGTON (AP) – The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double...
Fed minutes: Lower inflation needed before many officials will support rate...
WASHINGTON (AP) – Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly...
Inflation measure dips to nearly five-year low as gas prices fall...
WASHINGTON (AP) – A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas...
CBO: Federal deficits and debt to worsen over next decade
WASHINGTON (AP) – The nonpartisan Congressional Budget Office’s 10-year outlook projects worsening long-term federal deficits and rising debt, driven largely by increased spending, notably on Social...
Retail sales unchanged in December from November, closing out year on...
NEW YORK (AP) – Shoppers pulled back the pace of their spending in December from November, closing out the holiday shopping season and the...
U.S. producer prices rose 0.5% in December, more than expected, on...
WASHINGTON (AP) – U.S. wholesale prices rose a hotter-than-expected 0.5% in December.
The Labor Department reported Friday that its producer price index – which measures inflation before it hits...
Businesses stuck in neutral along with stagnant economy
Rhode Island business owners need a jolt. That’s the biggest takeaway from PBN’s 2026 Winter Business Survey.
A malaise that took hold last year amid...
Federal Reserve keeps interest rates unchanged
WASHINGTON (AP) – The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6%...
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