Tag: Federal Reserve
U.S. core inflation trails estimates as used-car prices tumble
NEW YORK - A gauge of underlying United States inflation was below estimates in September as used-vehicle costs fell and housing rents cooled, signaling...
U.S. consumer spending cools; inflation stays near Fed goal
WASHINGTON – U.S. consumer spending rose in August at the slowest pace in six months, moderating from more robust readings on the biggest part of...
U.S. economy grew at unrevised 4.2% pace in Q2
NEW YORK - The United States economy grew in the second quarter at an unrevised 4.2 percent pace, the fastest since late 2014, indicating a...
Fed raises rates and says more coming, brushing off Trump jabs
NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
U.S. consumer spending, inflation rose in July; Incomes cooled
NEW YORK - United States consumer spending extended gains into July and inflation rose to a six-year high, reflecting economic strength that should keep...
Santander Holdings USA resolves regulatory case, but still faces others
PROVIDENCE – Santander Holdings USA Inc. confirmed Thursday the Federal Reserve has ended its 2015 enforcement action against the company for having various regulatory...
Tariffs prompt U.S. manufacturers to review plans: Fed survey
NEW YORK - America’s escalating trade dispute with China and other trading partners has prompted almost a fifth of United States businesses including about...
Trump wants the Fed to roll back the U.S. economy
Doves on the Federal Reserve evidently have a vocal ally in President Donald Trump. He said recently he’s “not thrilled” about the Fed increasing...
The working poor need help
Bloomberg recently reported on some interesting new data from the Economic Policy Institute. The percent of Americans earning poverty wages – pay that would...
Beige Book reports region’s economic activity continues to expand
PROVIDENCE – In the Federal Reserve Beige Book released Wednesday, economic activity in the First District, presented by the Federal Reserve Bank of Boston,...
