Tag: interest rates
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) – The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns...
Credit card debt is at record high
NEW YORK (AP) – With the Federal Reserve deciding Wednesday to raise interest rates again, credit card debt is already at a record high,...
No winners in lengthy Fane saga
The Fane Tower saga is mercifully over in Providence, leaving both the city and developer bruised in the seven-year process.
In the end, it wasn’t...
Fed criticized for missing red flags before bank collapse
WASHINGTON (AP) – The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high...
U.S. inflation eases but stays high, putting Fed in tough spot
WASHINGTON (AP) – U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing...
U.S. adds a robust 311,000 jobs despite Fed’s rate hikes
WASHINGTON (AP) – America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but enough to keep pressure on the...
Applications for U.S. jobless aid rise by most in 5 months
NEW YORK (AP) – The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain...
Powell signals increased rate hikes if economy stays strong
WASHINGTON (AP) – The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously...
Inflation pressures put Powell in spotlight before Congress
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...
U.S. revises down last quarter’s economic growth to 2.7% rate
WASHINGTON (AP) – The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...
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