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THE FEDERAL RESERVE Beige Book reported moderate economic growth in New England in March and early April. / COURTESY FEDERAL RESERVE

Federal Reserve: N.E. economy grows moderately in March, early April

PROVIDENCE – The New England economy experienced moderate growth in March and early April, according to the Federal Reserve Beige Book released Wednesday, but...
UNITED STATES factory production in March was unchanged from February after falling a revised 0.3 percent. / BLOOMBERG NEWS FILE PHOTO/TY WRIGHT

U.S. factory output stalled in March as auto production dropped

NEW YORK - United States factory production stalled in March as motor-vehicle output declined, adding to signs of headwinds for manufacturing and economic growth...
NET WORTH as a share of the U.S. total has recently shrunk considerably for the upper middle class from 1989 to 2018. In one generation, U.S. wealth held by households from 50th to the 90th percentiles fell from 35.2 percent of the total to 29.1 percent. Most of this wealth has transferred to the top 1 percent of U.S. households. /BLOOMBERG NEWS FILE PHOTO/DAVID MCNEW/GETTY IMAGES

America’s upper middle class feeling the pinch too

NEW YORK - Newly available net worth data from the Federal Reserve suggests that the “left-behind” contagion has spread to all Americans aside from...

Don’t stress about next recession

With recession anxieties climbing, people are increasingly worried about the Federal Reserve’s capacity to respond. I take issue with the premise: I don’t expect...
ALMOST HALF of Americans over the age of 55 do not have funds in an 401(k) or a personal retirement account. / BLOOMBERG NEWS FILE PHOTO/MICHELE LIMINIA

Half of older Americans have nothing in retirement savings

NEW YORK - The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account....
TOTAL U.S. CREDIT rose $17 billion from the prior month. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer debt rose in Jan. on credit-card borrowing

NEW YORK - United States consumer debt picked up in January as Americans tapped credit cards after the holidays, suggesting support for spending at...
UNITED STATES credit card debt hit a record $870 billion at the end of 2018. / BLOOMBERG NEWS FILE PHOTO

U.S. credit card debt closed 2018 at a record $870B

NEW YORK -United States credit card debt hit $870 billion - the largest amount ever - as of December 2018, according to the data...
UNITED STATES GDP increased at a 2.6 percent annualized rate from October to December. / BLOOMBERG NEWS FILE PHOTO/ALEX FLYNN

U.S. GDP grows at 2.6% pace as business spending accelerates

NEW YORK - The United States economy cooled by less than expected last quarter as business investment picked up, suggesting growth could be stronger...
FEDERAL RESERVE CHAIRMAN Jerome Powell said that the United States had a healthy economy that has shown "crosscurrents" that warranted a patient approach to policy decisions. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Powell sees healthy economy with ‘crosscurrents’ to watch

NEW YORK - Federal Reserve Chairman Jerome Powell said a healthy United States economy has faced some “crosscurrents and conflicting signals” that officials in January...
THE CONFERENCE BOARD'S consumer confidence index climbed to 131.4 from 121.7 in February. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. consumer confidence jumps as current views hit 18-year high

NEW YORK - United States consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak, after the U.S. government ended the...
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