Tag: Federal Reserve
Banks adjust as borrowing costs climb
In early 2022, Rhode Island’s banks were still operating in an environment defined by abundant liquidity and historically low interest rates.
COVID-19 pandemic-era stimulus programs...
Wholesale price inflation slows last month as gas, food costs fall
WASHINGTON (AP) – Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign...
Inflation cooled last month as gas prices fell, though costs remain...
WASHINGTON (AP) – U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the...
Mortgage rates rise for 5th straight week
CHICAGO (AP) – The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year,...
U.S. economy grows a sluggish 1.5% in Q2 with inflation remaining...
WASHINGTON (AP) – The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And...
The Fed leaves interest rate unchanged; hike expected in September
WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...
Average 30-year U.S. mortgage rate climbs to 6.58%, highest level in...
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers...
Inflation cools more than expected in June
WASHINGTON (AP) – U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while...
Average 30-year U.S. mortgage rate rises to 6.49%
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.
The benchmark 30-year fixed rate mortgage...
Most-read stories on PBN.com, June 2026
1. PBN announces 2026 40 Under Forty honorees POSTED ONLINE: JUNE 2. Forty young professionals were selected as the winners of Providence Business News’...
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