Home Tags Federal Reserve

Tag: Federal Reserve

ECONOMIC ACTIVITY in the First District, which comprises of New England, was said to have continued its expansion at the start of 2020.

Beige Book: N.E. economy continues expansion

PROVIDENCE – Economic activity in New England continued to expanded from mid-January to early March, according to the Federal Reserve’s Beige Book released on...
THE FEDERAL RESERVE cut its benchmark interest rate by a half-percentage point in response to market instability caused by the spread of the coronavirus. / AP FILE PHOTO/ ANDREW HARNIK

Virus spread prompts Fed to cut rates in emergency move

WASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy...

Consumer debt is piling up, and that’s OK

Consumer debt is rising in the U.S., and the reaction to this news has been both heated and predictable: “Americans in record debt: It’s...

Coronavirus freaked markets, not the Fed

The U.S. equity market finally took notice of the coronavirus, which now is spreading from China to other countries and increasing the risk of...
ECONOMIC CONCERNS: Panelists, from left, Kristen Urbach, Thomas O. Sweeney, Stefan Pryor, Mark K. W. Gim and Luke Ebersold discuss a variety of concerns at the PBN Economic Trends Summit while moderator Thomas Zitzouris looks on. / PBN PHOTO/MIKE SKORSKI

PBN summit: High business costs, education are concerns in R.I.

The Rhode Island economy has come a long way since the dark days of the Great Recession, when the unemployment rate was among the...
SUNNY OUTLOOK: Thomas Tzitzouris, director for Strategas Research Partners in New York, tells attendees at the Providence Business News Economic Trends Summit that although the year has gotten off to a sluggish start, he predicts a 2% growth rate in the gross national product in 2020. / PBN PHOTO/ MIKE SKORSKI

Economist doesn’t believe recession in the forecast

Some businesspeople might feel there’s an economic downturn looming ahead, but Thomas Tzitzouris doesn’t see it that way. “There is no reason to suspect there...
U.S. MANUFACTURING declined 0.1% month-to-month in January. / BLOOMBERG NEWS FILE PHOTO/MATTHEW BUSCH

U.S. factory output fell in Jan. on Boeing production halt

WASHINGTON – United States factory output fell in January on the production halt for Boeing Co.’s 737 Max, showing how the grounding of the...

The Fed did no favors for spring homebuyers

The Federal Reserve cut interest rates three times last year and pledged not to increase them absent meaningful increases in wages and inflation –...
THE FEDERAL RESERVE left interest rates unchanged and signaled it would keep them on hold for a while. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed leaves main rate unchanged, saying policy is appropriate

WASHINGTON – The Federal Reserve kept its key interest rate unchanged, as expected, on Wednesday and continued to signal policy would stay on hold...

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...

Stay up to date with PBN's Morning Call & Daily Edition newsletters.

- Featured Event -

Latest News