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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...
THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed cuts rates by one-quarter percentage point while hinting at a...

WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put...
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 was the keynote speaker at the Greater Providence Chamber of Commerce's annual meeting Monday night. / 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...
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