Tag: inflation
Nonprofit sector overlooked key to a healthy economy
Selfless nonprofits are often the difference between needy Rhode Islanders going without during the holidays and managing to provide enough food and a few...
Looking back at 2022
Was 2022 a good year for your company?
Yes: 80%
Somewhat: 20%
No: 0%
Was your company able to fully recover from the COVID-19 pandemic?
Yes: 80%
Somewhat: 20%
No: 0%
Did...
Fed raises key rate by half-point and signals more to come
WASHINGTON (AP) – The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and...
Have you changed your holiday shopping habits this year?
Shoppers have returned to shops and malls in encouraging numbers in recent weeks.
There are several likely reasons, including earlier than usual sales and a...
Wholesale inflation in U.S. further slowed in November to 7.4%
WASHINGTON (AP) – Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful...
Shoppers’ return buoys retail but challenges remain
The good news for brick-and-mortar retailers of all types is that, like the handshake, in-person shopping will survive COVID-19.
While plenty of pre-pandemic challenges remain,...
Biden sees economy avoiding recession, but risks remain
WASHINGTON (AP) – President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very...
An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON (AP) – A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October,...
U.S. revises last quarter’s economic growth up to 2.9%
WASHINGTON (AP) – Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the...
U.S. retail sales rose 1.3% last month, a sign of resilience
WASHINGTON (AP) – Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday...
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