Tag: interest rates
Key inflation gauge tracked by Fed remained high in March
WASHINGTON (AP) – A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the Fed...
U.S. economy grew at weak 1.1% rate in Q1 in sign...
WASHINGTON (AP) – The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered...
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...
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