Tag: interest rates
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...
Federal Reserve’s favored inflation gauge tumbles in November as prices continue...
WASHINGTON (AP) – The Federal Reserve's preferred measure of inflation fell last month in another sign that price pressures are easing in the face...
Federal Reserve keeps interest rates unchanged, foresees 3 rate cuts next...
WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely...
Fed is set to leave interest rates unchanged while facing speculation...
WASHINGTON (AP) – With inflation edging closer to the Federal Reserve's 2% target, its policymakers are facing – and in some cases fueling –...
Average long-term U.S. mortgage rate falls to 7.03%, lowest level since...
LOS ANGELES (AP) – Home loan financing costs eased again this week, as the average long-term U.S. mortgage rate slid to its lowest level...
U.S. job openings fall to lowest level since March 2021 as...
WASHINGTON (AP) – U.S. employers posted 8.7 million job openings in October, the fewest since March 2021, in a sign that hiring is cooling...
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