Tag: inflation
Consumer confidence dips modestly in October
WASHINGTON (AP) – Consumer confidence weakened slightly in October as Americans remain anxious about their future financial prospects.
The Conference Board said Tuesday that its...
Fed minutes: Most officials supported further rate cuts as worries about...
WASHINGTON (AP) – Most members of the Federal Reserve's interest-rate setting committee supported further reductions to its key interest rate this year, according to...
Federal Reserve cuts key rate by a quarter-point, signals 2 more...
WASHINGTON (AP) – The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this...
Cotality: R.I. home price index jumps 5.94% in July, 4th-highest in...
PROVIDENCE – The Rhode Island home price index increased 5.94% year over year in July, the fourth-highest growth rate in the nation, according to...
Prices in the U.S. supply line before they hit consumers unexpectedly...
WASHINGTON (AP) – U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.
The Labor Department reported Wednesday that its producer price index –...
Powell signals Fed may cut rates soon even as inflation risks...
JACKSON HOLE, Wyo. (AP) – Federal Reserve Chairman Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate...
Average rate on a 30-year mortgage holds steady at lowest level...
The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for...
Fed minutes: Most officials worried about inflation moving higher
WASHINGTON (AP) – Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job...
U.S. producer prices surge in July as Trump tariffs push costs...
WASHINGTON (AP) – U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) – The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President...
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