interest rates - Page 7 of 26 - Providence Business News

MARKET BOOST: The Corliss-Carrington House in Providence was sold last year for $6.85 million. It was the most-expensive home sale in the city’s history and the 11th-highest in the state last year.  COURTESY  COMPASS REAL ESTATE

High-end home sales boosted by properties away from the coast

Editorial and Op-Ed 03/14/2025

After a two-year pause, high-end home sales across the Ocean State resumed their climb to new heights in 2024, rising 31% to a new...

Fed Chair Powell says interest rates on hold with economic uncertainty...

Economic Activity 03/07/2025

NEW YORK (AP) – The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread "uncertainty"...

U.S. employers add solid 151K jobs in January, unemployment up to...

Economic Activity 03/07/2025

WASHINGTON (AP) – U.S. employers added solid 151,000 jobs last month, but the outlook is cloudy as President Donald Trump threatens a trade war,...

Is the Federal Reserve right to again focus on controlling inflation,...

Financial Services 02/21/2025

The Federal Reserve Board last month unanimously supported a pause in planned interest rate cuts. The Associated Press on Feb. 19 reported that Fed board...

Federal Reserve officials see risks of higher inflation ahead, support pause...

Economic Activity 02/19/2025

WASHINGTON (AP) – Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark...

TALKING IT OUT: Sean Daly, center, People’s Credit Union CEO and president, meets with members of his staff at the credit union’s headquarters in Middletown. With Daly is Denise Cole, left, and Cassandra Camara. People’s is among the Rhode Island credit unions that have seen a drop in yearly net income in 2023 and 2024 because of the interest rate environment.  PBN PHOTO/DAVID HANSEN

A TIGHT SQUEEZE: R.I. credit unions trying to shake off drastic...

Cover Story 02/14/2025

It’s times like these that Kathleen C. Orovitz is probably glad she runs a credit union instead of a bank. She’s the CEO and president...

BORROWED TIME? Thomas Tzitzouris, head of fixed income research at New York City-based Strategas Research Partners, says households that have endured rising costs because of inflation will now have to deal with the debt they’ve built up.  PBN PHOTO/MIKE SKORSKI

Economist: After high inflation, debt may hold back momentum

Economic Activity 02/14/2025

Inflation may have cooled in recent months, but households in Rhode Island and beyond continue to feel the aftereffects. Thomas Tzitzouris, head of fixed income...

YOUTH SERVED: Brian A. Azar, Coastal1 Credit Union CEO and president, says that auto loans have helped the credit union attract younger members it hopes to develop long-term relationships with.  PBN FILE PHOTO/MICHAEL SALERNO

Resilient credit unions see future in younger members

Editorial and Op-Ed 02/14/2025

The challenging interest rate environment of the last few years may extend a decadeslong consolidation among local credit unions. But as this week’s cover story...