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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...

Feds to raise ceiling for home-sale appraisals

PROVIDENCE – For the first time in a quarter century, federal banking regulators are raising the minimal price for requiring appraisals on home sales.Beginning...

U.S. economy cools on consumer spending, equipment orders

WASHINGTON – The United States economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and...
JEROME POWELL is scheduled to be the keynote speaker at the Greater Providence Chamber of Commerce annual meeting this year. / BLOOMBERG FILE PHOTO/AL DRAGO

Fed Chairman to speak at Greater Providence Chamber’s annual meeting

PROVIDENCE - This fall’s annual meeting of the Greater Providence Chamber of Commerce is expected to feature one of the world's heavy hitters in...
THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chairman Jerome Powell, decided to drop the main interest rate one-quarter of a point Wednesday. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed makes second straight rate cut, splits on further action

WASHINGTON – Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further...
HOME CONSTRUCTION INCREASED IN AUGUST to its fastest pace since 2007, with both apartment projects and single-family homes showing strength despite greater fears of an economic slowdown. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

U.S. homebuilder sentiment rises to 11-month high

WASHINGTON – Sentiment among U.S. homebuilders climbed to the highest level in almost a year on stronger current sales momentum, adding to signs that lower...

Zillow predicts housing market slowdown in 2020

PROVIDENCE – The economy in the United States could be on the verge of a recession, with many experts polled by online real estate...
THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed seen cutting rates twice more in 2019 before holding steady

WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the...
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