Tag: interest rates
Powell: Federal Reserve on track to cut rates this year
WASHINGTON (AP) – Chairman Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates...
Some Americans have become saddled with credit card debt as rent,...
NEW YORK (AP) – While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...
Federal Reserve signals that interest rate cuts aren’t imminent, leaves them...
WASHINGTON (AP) – The Federal Reserve indicated Wednesday that it's nearing a long-awaited shift toward cutting interest rates, a sign that officials are confident...
U.S. job openings climbed in December, pointing to a still-durable labor...
WASHINGTON (AP) – America's employers posted 9 million job openings in December, an increase from November and another sign that the U.S. job market...
Inflation has slowed, now the Federal Reserve faces expectations for rate...
WASHINGTON (AP) – Chairman Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected:...
Webster Bank parent sees profits rise 35% in 2023 but decline...
STAMFORD, Conn. – Webster Financial Corp., the parent company of Webster Bank, says it recorded a $867.8 million profit in 2023, marking a 34.7%...
R.I.’s median home price rises to $427K in December
WARWICK – The median price of single-family homes sold in Rhode Island continued to climb in December, rising 9.5% from a year earlier, while...
Wholesale inflation in U.S. declined last month, signaling that price pressures...
WASHINGTON (AP) – Wholesale inflation in the United States fell in December, further evidence that price pressures in the economy are easing.
The Labor...
Real estate industry ready for some rate cuts
While many real estate agents are dream sellers, Gina Lalli, senior loan officer at Shamrock Home Loans in Newport, often has to give buyers...
U.S. applications for jobless benefits rise but labor market remains solid
More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy.
Jobless claims rose to...
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