Tag: Federal Reserve
Too risky? Fed pressed to expand business aid
WASHINGTON – With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending...
Beige Book: N.E. improves in July and August, but uncertainty lingers
PROVIDENCE – Economic activity in New England continued to improve modestly in July and August, according to the Federal Reserve’s Beige Book report released...
Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON (AP) – The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates...
Local lenders report slow start to Main Street Lending Program
PROVIDENCE – If the outpouring of applications for the Paycheck Protection Program amounted to a flood initial interest in the new Main Street Lending...
Fed sees dim economic outlook as virus squeezes economy
WASHINGTON (AP) – The Federal Reserve expressed concern Wednesday that the viral outbreak will act as a drag on the economy and hiring in...
Beige Book: N.E. businesses continue to have ‘considerable uncertainty’ on economy
PROVIDENCE – Economic activity in New England picked up somewhat in the second half of May and all of June, the Federal Reserve’s Beige...
Boston Fed sees R.I. Q2 tax revenue drop of at least...
PROVIDENCE – The Federal Reserve Bank of Boston on Thursday projected Rhode Island’s state tax revenue will decline between $287 million and $482.4 million...
At least 5 R.I. banks to offer low-interest loans via Main...
PROVIDENCE – Five banks with locations in Rhode Island have confirmed to Providence Business News that they will participate in the Main Street Lending...
Deferred loans, waived fees part of pandemic response for banks
The consumer messaging of banks and credit unions through the COVID-19 pandemic has been consistent: we’re here for you.
When it comes to bank fees...
Powell warns that long downturn would mean severe damage
WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing...
- Featured Event -
