Tag: Federal Reserve
U.S. consumer prices rise less than forecast as autos decline
NEW YORK - United States consumer prices rose by less than forecast in April as costs for automobiles and airfares declined, reducing chances that inflation...
U.S. retail sales rebound in sign consumer weakness transitory
NEW YORK - United States retail sales rose by more than expected in March in the first gain in three months, suggesting consumer demand...
Five Questions With: Stephen Adamo
Stephen Adamo is head of mortgage banking for Santander Bank. He talks with Providence Business News about the regional mortgage lending market, how it...
U.S. economic growth revised higher on spending, inventories
NEW YORK - The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to...
Feb. Beige Book: N.E. region economy expanded at moderate pace
PROVIDENCE - In the Federal Reserve’s February 2018 Beige Book, First District, the Federal Reserve Bank of Boston said that the region’s economic activity...
Fed raises rates, steepens path of hikes as outlook strengthens
NEW YORK - Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a...
U.S. unemployment headed below 3% unless Fed acts to slow growth
WASHINGTON – U.S. unemployment is primed to fall significantly further and could drop below 3 percent for the first time since 1953, the year...
U.S. inflation firmed in February without outsize acceleration
WASHINGTON – U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout...
U.S. added 313,000 jobs in February; wage gains slow to 2.6%
WASHINGTON – U.S. employers added the most workers since mid-2016 as labor-force participation swelled, while below-forecast wages and a downward revision to January’s figure suggest...
The rules of the game are changing for investors
Rising U.S. bond yields have shocked financial markets out of their low-volatility complacency. The fragile nature of last year’s Goldilocks-like environment of strong growth...
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