Tag: interest rates
Trump’s trade war challenges Fed’s independence
All four living former chairs of the Federal Reserve took to the op-ed page of the Wall Street Journal on Aug. 5 to defend...
Should you refinance your mortgage? Fever sweeps U.S.
NEW YORK – Suddenly, mortgage broker Mark Livingstone is working weekends and spending his meager free time reading resumes, because he needs help handling the...
Washington Trust encouraged that Fed expected to cut interest rates
WESTERLY – After reporting a 2.3% decline in second-quarter profit compared to the previous year, The Washington Trust Co. executives on July 22 welcomed...
Despite multi-factor challenges, high-end home sales continue to grow in Rhode...
Despite the up-and-mostly down nature of the stock market in 2018, Rhode Island’s luxury real estate market showed no signs of slowing down. And...
Tax cut winners and losers
President Donald Trump and the Republicans’ tax cut is proving to be vastly more generous for corporate America, and vastly more expensive for taxpayers,...
Fed raises rates, trims forecast for hikes in 2019 to two
WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...
Survey: U.S. companies may be ‘overexposed’ to rising interest rates
PROVIDENCE – About two-thirds of U.S. corporate decision-makers have not locked in favorable rates to mitigate their interest rate and foreign-exchange exposure, a decision...
Fed stands pat on interest rates ahead of expected Dec. hike
NEW YORK - The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs...
U.S. stocks plunge most since Feb.
NEW YORK – United States stocks tumbled the most since February as fresh concern about the impact of the trade war with China roiled...
Fed raises rates and says more coming, brushing off Trump jabs
NEW YORK - Federal Reserve officials raised interest rates for a third time this year and reaffirmed their outlook for further gradual hikes well into...
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