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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...
MORE AFFORDABILITY: Rhode Island Association of Realtors President Shannon Buss, bracketed by books that have been key to her real estate career, says three consecutive interest-rate cuts by the Fed haven’t led to new homebuyers entering the market, but they have helped buyers who are already looking to afford more in a house. / PBN PHOTO/MICHAEL SALERNO

Three Fed rate cuts in 2019 spur more home-loan activity

Three interest-rate cuts this year by the Federal Reserve have encouraged homeowners to seek out refinancing of existing mortgages and created a robust market...
ECONOMIC ACTIVITY in the New England area was mostly positive from October to mid-November, according to the Federal Reserve Beige Book survey of businesses.

Beige Book: Economic activity positive in New England

PROVIDENCE – Economic activity in New England was said to be mostly positive from October through mid-November, according to the Federal Reserve’s Beige Book,...
U.S. MANUFACTURING dropped 0.6% in October. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory output declines by most since April on GM strike

WASHINGTON - United States manufacturing output slumped in October by the most in six months as an auto workers' strike at General Motors Co....
JEROME POWELL told the House Budget Committee that the Federal Reserve projects continued moderate growth in the U.S. economy. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Powell sees few risks likely to derail record U.S. expansion

WASHINGTON – Federal Reserve Chairman Jerome Powell called the United States economy a “star” performer and voiced solid confidence that its record expansion will...
U.S. HOUSEHOLD debt totaled $13.95 trillion at then end of the third quarter of 2019, $1.3 trillion over its previous peak in 2008. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. household debt rises for 21st quarter, lifted by mortgages

WASHINGTON – Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages,...
U.S. CONSUMER CREDIT increased $9.5 billion in September, the slowest growth rate since June 2018. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer credit rises at slowest pace since June 2018

WASHINGTON – United States consumer credit rose in September at the slowest rate since mid-2018 as Americans carried smaller credit card balances. Total credit increased...
RECENT ECONOMIC reports have shown potential for a weakening of U.S. consumer spending. / BLOOMBERG NEWS FILE PHOTO

U.S. consumer spending, jobless claims suggest some caution

WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
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