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Raimondo’s fiscal 2021 budget sees stable tax rates on banks, credit...

PROVIDENCE – State taxes on banks and credit unions won’t change in fiscal 2021, according to Gov. Gina M. Raimondo’s proposed budget. Taxes on financial...
U.S. MANUFACTURING OUTPUT increased 0.2% in December. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

Dec. gain in U.S. manufacturing output wraps up weak year

WASHINGTON – United States factory production unexpectedly increased in December, a bright spot in an otherwise weak year for manufacturing. The 0.2% increase in manufacturing...
ECONOMIC ACTIVITY in New England expanded at a modest to moderate pace to end 2019.

Beige Book: N.E. economy continues expansion

PROVIDENCE – Economic activity in New England continued to expand at a modest to moderate rate in the last six weeks of 2019, according...
U.S. CONSUMER CREDIT increased $12.5 billion billion in November, despite outstanding balances on credit cards and other revolving debt declined by the most in eight months. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer borrowing cools on drop in credit-card balances

WASHINGTON – United States consumer borrowing increased less than forecast in November as outstanding balances on credit cards and other revolving debt declined by...

Five Questions With: Peter Nigro

Peter Nigro is the Sarkisian chair in financial services at Bryant University. He spoke to PBN about the economic outlook for 2020 and the...
MINUTES OF the Dec. 10-11 Federal Open Market Committee show officials said their monetary policy was likely to remain appropriate “for a time” despite potential risks. Above, Federal Reserve Chairman Jerome Powell. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed officials saw rates on hold, with an eye on downside...

WASHINGTON – Federal Reserve officials said their monetary policy was likely to remain appropriate “for a time” even amid what they saw as persistent...
MANUFACTURING OUTPUT in the United States increased 1.1% in November. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory output rebounds even without post-GM strike bump

WASHINGTON – United States factory production rebounded by more than forecast in November and rose excluding a surge in auto production following the end...
U.S. BUSINESS debt has exceeded household debt for the first time since 1991. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

U.S. business debt exceeds households’ for first time since 1991

WASHINGTON – United States business debt exceeded that of households for the first time since 1991, a potential warning sign for the economy as...
THE FEDERAL RESERVE left interest rates unchanged and signaled it would keep them on hold through 2020. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed leaves rates unchanged; forecasts show no change in 2020

WASHINGTON – The Federal Reserve left interest rates unchanged and signaled it would keep them on hold through 2020 amid a solid economy, sticking...
U.S. NONFARM PAYROLL employment increased 266,000 in November. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up

U.S. job gains roared back in November as unemployment matched a half-century low and wages topped estimates, giving the Federal Reserve more reason to...
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