59.1 F
Providence, US
Thursday, May 24, 2018
Home Tags Federal Reserve

Tag: Federal Reserve

THE RESULTS of the Fed’s 2017 report on the economic well-being of U.S. households showed that two in five Americans don’t have enough savings to cover a $400 emergency expense, and one in four don’t feel they are “at least doing OK” financially. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON

Fed poll shows many Americans missing solid job market’s bounty

NEW YORK - Many United States households remain in a precarious financial position despite unemployment falling to the lowest level in years, a new Federal...
UNITED STATES factory production capacity utilization in April was the highest its been since 2015. / BLOOMBERG

U.S. factory production shows broad-based gain outside autos

NEW YORK - United States factory production regained its footing in April to push capacity utilization to the highest since 2015, indicating the industry...
THE U.S. CPI increased 0.2 percent in April. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE

U.S. consumer prices rise less than forecast as autos decline

NEW YORK - United States consumer prices rose by less than forecast in April as costs for automobiles and airfares declined, reducing chances that inflation...
US. RETAIL SALES increased 0.6 percent month to month in March and 0.3 percent year over year./ BLOOMBERG FILE PHOTO/VICTOR J. BLUE

U.S. retail sales rebound in sign consumer weakness transitory

NEW YORK - United States retail sales rose by more than expected in March in the first gain in three months, suggesting consumer demand...
STEPHEN ADAMO is head of mortgage banking for Santander Bank. / COURTESY SANTANDER BANK

Five Questions With: Stephen Adamo

Stephen Adamo is head of mortgage banking for Santander Bank. He talks with Providence Business News about the regional mortgage lending market, how it...
UNITE STATES GDP grew at 2.9 percent in the fourth quarter of 2017 while consumer spending rose 4 percent. / BLOOMBERG

U.S. economic growth revised higher on spending, inventories

NEW YORK - The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to...
THE BEIGE BOOK report for February, released by the U.S. Federal Reserve and the Federal Reserve Bank of Boston reported that economic activity in the region expanded at a moderate pace since the January Beige Book. / BLOOMBERG FILE PHOTO/BRENT LEWIN

Feb. Beige Book: N.E. region economy expanded at moderate pace

PROVIDENCE - In the Federal Reserve’s February 2018 Beige Book, First District, the Federal Reserve Bank of Boston said that the region’s economic activity...
THE FEDERAL RESERVE unanimously voted to lift the federal funds rate target range from 1.5 percent to 1.75 percent. BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed raises rates, steepens path of hikes as outlook strengthens

NEW YORK - Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a...

U.S. unemployment headed below 3% unless Fed acts to slow growth

WASHINGTON – U.S. unemployment is primed to fall significantly further and could drop below 3 percent for the first time since 1953, the year...
U.S. CONSUMER PRICES increased 0.2 percent in February from January, keeping the economy on the Federal Reserve's preferred inflation path. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

U.S. inflation firmed in February without outsize acceleration

WASHINGTON – U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout...
- Featured Event -

Latest News