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ECONOMIC ACTIVITY in the New England area was mostly positive from October to mid-November, according to the Federal Reserve Beige Book survey of businesses.

Beige Book: Economic activity positive in New England

PROVIDENCE – Economic activity in New England was said to be mostly positive from October through mid-November, according to the Federal Reserve’s Beige Book,...
U.S. MANUFACTURING dropped 0.6% in October. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory output declines by most since April on GM strike

WASHINGTON - United States manufacturing output slumped in October by the most in six months as an auto workers' strike at General Motors Co....
JEROME POWELL told the House Budget Committee that the Federal Reserve projects continued moderate growth in the U.S. economy. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Powell sees few risks likely to derail record U.S. expansion

WASHINGTON – Federal Reserve Chairman Jerome Powell called the United States economy a “star” performer and voiced solid confidence that its record expansion will...
U.S. HOUSEHOLD debt totaled $13.95 trillion at then end of the third quarter of 2019, $1.3 trillion over its previous peak in 2008. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. household debt rises for 21st quarter, lifted by mortgages

WASHINGTON – Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages,...
U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer credit rises at slowest pace since June 2018

WASHINGTON – United States consumer credit rose in September at the slowest rate since mid-2018 as Americans carried smaller credit card balances. Total credit increased...
RECENT ECONOMIC reports have shown potential for a weakening of U.S. consumer spending. / BLOOMBERG NEWS FILE PHOTO

U.S. consumer spending, jobless claims suggest some caution

WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed cuts rates by one-quarter percentage point while hinting at a...

WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put...
PRODUCTION at U.S. factories declined 0.5% in September. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. factory output falls most in 5 months on GM strike

WASHINGTON – Production at United States factories fell in September by the most in five months, depressed by an autoworkers’ strike at General Motors...
THE FEDERAL RESERVE Bank of Boston found signs that the regional economy is slowing despite the national economy expanding at a moderate pace. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Fed: Economic growth in N.E. shows signs of slowing

PROVIDENCE – Business respondents in New England reported signs that the economy is slowing since the prior report at the start of September, according...
THE FEDERAL RESERVE announced it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark interest rate. The purchasing of bills sis expected to continue until at least the second quarter of 2020. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed to start buying $60B of treasury bills a month from...

WASHINGTON – The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark...
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