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THE UNITED STATES consumer price index slowed to a 2.3 percent annual gain, the least since February. / BLOOMBERG NEWS FILE PHOTO/ MICHAEL NAGLE

U.S. core inflation trails estimates as used-car prices tumble

NEW YORK - A gauge of underlying United States inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling...
U.S. CONSUMER SPENDING rose at its slowest pace in six months in August, while inflation remained muted, although this New Orleans ice cream shop seemed to be doing well in June. / BLOOMBERG NEWS FILE PHOTO/AKASHA RABUT

U.S. consumer spending cools; inflation stays near Fed goal

WASHINGTON – U.S. consumer spending rose in August at the slowest pace in six months, moderating from more robust readings on the biggest part of...
UNITED STATES GROSS DOMESTIC PRODUCT increased at an unrevised 4.2 percent annnualized rate in the second quarter of 2018. / BLOOMBERG NEWS FILE PHOTO/TIM RUE

U.S. economy grew at unrevised 4.2% pace in Q2

NEW YORK - The United States economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a...
THE FEDERAL RESERVE raised federal interest rates a quarter-point, boosting the benchmark federal funds rate to a target range of 2 percent to 2.25 percent. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates and says more coming, brushing off Trump jabs

NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
UNITED STATES purchases, which account for about 70 percent of the economy, rose 0.4 percent from the prior month for the second straight time, while incomes advanced 0.3 percent, less than projected. / BLOOMBERG NEWS

U.S. consumer spending, inflation rose in July; Incomes cooled

NEW YORK - United States consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep...
NET INCOME from Brazil, Santander’s biggest market, jumped 77 percent from a year earlier, the bank said Wednesday. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander Holdings USA resolves regulatory case, but still faces others

PROVIDENCE – Santander Holdings USA Inc. confirmed Thursday the Federal Reserve has ended its 2015 enforcement action against the company for having various regulatory...

Tariffs prompt U.S. manufacturers to review plans: Fed survey

NEW YORK - America’s escalating trade dispute with China and other trading partners has prompted almost a fifth of United States businesses including about...

Trump wants the Fed to roll back the U.S. economy

Doves on the Federal Reserve evidently have a vocal ally in President Donald Trump. He said recently he’s “not thrilled” about the Fed increasing...

The working poor need help

Bloomberg recently reported on some interesting new data from the Economic Policy Institute. The percent of Americans earning poverty wages – pay that would...

Beige Book reports region’s economic activity continues to expand

PROVIDENCE – In the Federal Reserve Beige Book released Wednesday, economic activity in the First District, presented by the Federal Reserve Bank of Boston,...
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