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THE FEDERAL RESERVE left interest rates unchanged and signaled it would keep them on hold through 2020. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed leaves rates unchanged; forecasts show no change in 2020

WASHINGTON – The Federal Reserve left interest rates unchanged and signaled it would keep them on hold through 2020 amid a solid economy, sticking...
JEROME POWELL told the House Budget Committee that the Federal Reserve projects continued moderate growth in the U.S. economy. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Powell sees few risks likely to derail record U.S. expansion

WASHINGTON – Federal Reserve Chairman Jerome Powell called the United States economy a “star” performer and voiced solid confidence that its record expansion will...
NONFARM BUSINESS employee output per hour decreased at a 0.3% annualized rate in the third quarter. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. productivity unexpectedly posts first decline since 2015

WASHINGTON – Productivity in the United States unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in...
RECENT ECONOMIC reports have shown potential for a weakening of U.S. consumer spending. / BLOOMBERG NEWS FILE PHOTO

U.S. consumer spending, jobless claims suggest some caution

WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
THE FEDERAL RESERVE reduced interest rates by one-quarter percentage point for the third time this year but signaled that it may stop reducing rates for now. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed cuts rates by one-quarter percentage point while hinting at a...

WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put...
THE FEDERAL RESERVE announced it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark interest rate. The purchasing of bills sis expected to continue until at least the second quarter of 2020. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed to start buying $60B of treasury bills a month from...

WASHINGTON – The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark...
NOTES FROM the Federal Open Market Committee meeting show that Reserve officials began debating how far their current interest-rate cutting campaign should extend. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes show debate emerges on when to halt policy easing

WASHINGTON – Federal Reserve officials began debating how far their current interest-rate cutting campaign should extend even as they agreed to lower rates in...
JEROME POWELL was the keynote speaker at the Greater Providence Chamber of Commerce's annual meeting Monday night. / BLOOMBERG FILE PHOTO/AL DRAGO

Fed Chairman to speak at Greater Providence Chamber’s annual meeting

PROVIDENCE - This fall’s annual meeting of the Greater Providence Chamber of Commerce is expected to feature one of the world's heavy hitters in...
THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chairman Jerome Powell, decided to drop the main interest rate one-quarter of a point Wednesday. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed makes second straight rate cut, splits on further action

WASHINGTON – Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further...
THE FEDERAL RESERVE is expected to cut interest rates by a quarter of a percentage point next week and again in December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed seen cutting rates twice more in 2019 before holding steady

WASHINGTON – United States central bankers will trim interest rates by a quarter percentage point next week, and again in December, before leaving the...
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