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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...
WHITE-HOT: The $30 million sale of Newport’s Clarendon Court last year set a new record for the highest price ever paid for a home in the Ocean State. / 
COURTESY MIKE OSEAN

R.I.’s high-end home market has room to run in 2022

What goes up must come down, we’ve been taught, except apparently when it comes to high-end home sales in the Ocean State. Last year was...

Fed plan to spur inflation has risks

In a healthy economy, prices tend to go up – a process called inflation. While you might not like that as a consumer, moderate price...

Federal interest-rate cuts good for businesses, borrowers but bad for banks

PROVIDENCE – The emergency half-percentage-point cut in the federal interest rate is bad news for banks, at least from a revenue perspective. The Federal Reserve’s...

Coronavirus freaked markets, not the Fed

The U.S. equity market finally took notice of the coronavirus, which now is spreading from China to other countries and increasing the risk of...

The Fed did no favors for spring homebuyers

The Federal Reserve cut interest rates three times last year and pledged not to increase them absent meaningful increases in wages and inflation –...
THE FEDERAL RESERVE left interest rates unchanged and signaled it would keep them on hold for a while. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed leaves main rate unchanged, saying policy is appropriate

WASHINGTON – The Federal Reserve kept its key interest rate unchanged, as expected, on Wednesday and continued to signal policy would stay on hold...

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