Tag: interest rates
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...
Will the Fed’s moves spark twin economic threats?
There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to...
Job openings hit 10.7M despite Fed attempts to cool economy
WASHINGTON (AP) – U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation...
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) – Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a...
How much ‘pain’? Fed to signal more rate hikes ahead
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively...
Families to receive one-time $250 payment per child under new R.I....
PROVIDENCE – Rhode Island families with children will automatically receive a $250 payment per child under a one-time program included in the state’s fiscal...
R.I. home sales fall in April due to rising prices, interest...
WARWICK – The median price of single-family homes sold in Rhode Island continued to climb in April, rising 20.3% year over year, while sales...
A tricky landing ahead for the Fed
The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard.
With inflation surging to a new 40-year high and...
How concerned are you that ongoing stock market volatility punctuated by...
After several down sessions the Dow Jones industrial average closed up 932 points, or 2.8%, on May 4. The S&P 500 jumped 3% and...
Fed raises key rate by a half-point in bid to tame...
WASHINGTON (AP) – The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by...
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