Tag: Federal Reserve Bank
U.S. inflation rises for the first time in a year to...
WASHINGTON (AP) – Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile...
Inflation pressures put Powell in spotlight before Congress
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...
U.S. inflation soared 7.9% in past year, a fresh 40-year high
WASHINGTON (AP) – Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since...
Can the Fed fix racial income and wealth gaps?
Central bankers and economists from around the world convened remotely for the annual Jackson Hole symposium on Aug. 27 to discuss the future of...
Report: Some credit unions poised to increase commercial lending
PROVIDENCE – Credit unions have been expanding their market share in recent years, and now some seem poised to increase commercial lending after a key...
Beige Book: Economic activity continues to expand in New England
PROVIDENCE – In the Federal Reserve’s October Beige Book report, the Fed noted that economic activity expanded at a moderate to strong pace in...
Growth benefits of U.S. tax cuts may be overestimated
NEW YORK - United States growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to...
U.S. job-seekers willing to accept lower wages, Fed survey shows
NEW YORK - Job-seekers in the U.S. have in recent months reduced the amount of money they would need to be offered to accept...
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