Tag: Interest Rate
Fed Chairman Powell says ‘balance of risks has shifted‘ during Chamber...
WARWICK – The U.S. economy may be performing well but rising concerns over a softening labor market have taken priority over a monetary policy...
Is the Federal Reserve’s decision to cut its key interest rate...
The Federal Reserve on Sept. 17 cut its key interest rate by a quarter-point, its first cut since December. It also signaled it would...
Banks cut prime interest rates to 7.5%, and they might stay...
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point, the third reduction in three months following the Federal Reserve’s...
Banks drop prime interest rates to 7.75%
PROVIDENCE – Most major banks have reduced their prime lending rates by a quarter-point recently to match the Federal Reserve's decision to cut its...
Federal Reserve cuts key interest rate by a quarter-point
WASHINGTON (AP) – The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation...
Business leaders express guarded optimism at economic outlook breakfast
WARWICK – Rhode Island business leaders and financial experts remain guarded on the region’s short-term economic prospects, agreeing Tuesday during the annual Economic Outlook...
Average long-term U.S. mortgage rate slips to 6.39%
LOS ANGELES (AP) – The average long-term U.S. mortgage rate edged lower this week, a modest boost for homebuyers looking for relief as a...
Is inflation affecting your vacation plans this year?
Prices for gas, food and rent pushed consumer inflation to a new four-decade high in June, according to the U.S. Labor Department.
The Associated Press...
Is the Federal Reserve right to focus on taming inflation with...
The Federal Reserve on June 15 took its boldest step yet to tame runaway inflation by raising its key interest rate by three-quarters of...
Fed begins inflation fight with key rate hike, more to come
WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term...
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