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Fed keeps key rate near zero, sees inflation as ‘transitory’

WASHINGTON (AP) – The Federal Reserve is keeping its ultra-low interest rate policies in place, a sign that it wants to see more evidence...

Beige Book: N.E. economic activity expands steadily in late February, March

PROVIDENCE – Economic activity in New England expanded at a modest to moderate pace in late February and March, according to the Federal Reserve’s...

Fed’s Powell: U.S. nears full reopening to ‘different economy’

WASHINGTON (AP) – The United States economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve...

Beige Book: New England economic activity ‘decidedly mixed’ in Jan., Feb.

PROVIDENCE – Economic activity in New England was “decidedly mixed,” with moderate growth on balance, from January through mid-February, according to the Federal Reserve’s...

Bank of America’s Moynihan points to signs of economic recovery in...

WOONSOCKET – Bank of America Corp. Chairman and CEO Brian T. Moynihan offered a rosy outlook for 2021 predicated upon the country’s ability to...

Citizens relaunches stock buyback program amid positive earnings, economic forecast

PROVIDENCE – Citizens Financial Group Inc. will repurchase up to $750 million of its common stock in the first quarter of 2021, the company...

Final Main Street Lending numbers show little R.I. participation from banks,...

PROVIDENCE – There were only two Rhode Island companies among the 1,800 businesses to receive loans through the Federal Reserve’s Main Street Lending Program,...

Fed keeps rate near zero but sees brighter economy in 2021

WASHINGTON (AP) – The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress – a step...
ECONOMIC ACTIVITY in New England continued to expand in October and early November, according to the Federal Reserve's Beige Book report.

The Fed: New England economy continued to expand in Oct., Nov.

PROVIDENCE – Economic activity in New England continued to expand in October and early November, according to the Federal Reserve’s Beige Book report released...

Fed’s Powell says virus spike threatens U.S. economy

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months...

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