Tag: interest rates
U.S. unemployment claims tick up to 245K, but still low
WASHINGTON (AP) – The number of Americans applying for unemployment benefits rose last week but remains low by historic standards.
U.S. jobless claims rose by...
Bank of America profits grow 15% in Q1, avoids industry crisis
NEW YORK (AP) – Bank of America Corp. said its profits grew 15% last quarter, the latest of the big banks to do exceptionally...
U.S. wholesale inflation pressures eased sharply last month
WASHINGTON (AP) – U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after...
Inflation slows but stays high enough for Fed to hike again
WASHINGTON (AP) – U.S. consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have...
A key inflation gauge tracked by the Fed slowed in February
WASHINGTON (AP) – The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price...
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...
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