Tag: Moody’s Analytics
Baltimore bridge collapse: Ships carrying cars may need to find a...
Manufacturers and shippers are scrambling to figure out where they can load or unload cargo while the main operations of the Port of Baltimore remain shut...
SHAKY GROUND: Distressed office real estate could undermine banks, wider economy
The former mayor of Providence is distressed.
When Joseph R. Paolino Jr. walks through the city’s financial district, he’s anxious about what he sees. He...
Impact of U.S. defaulting on its debt will be felt globally
WASHINGTON (AP) – If the debt crisis roiling Washington were eventually to send the United States crashing into recession, America's economy would hardly sink alone.
The repercussions...
U.S. economy slowed but still grew at 2.9% rate last quarter
WASHINGTON (AP) – The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of...
Why Fed worries about the strongest U.S. job market in decades
Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve...
Moody’s economist: R.I. job recovery could take 6 years
SMITHFIELD – An estimated three-year recovery to pandemic-related job losses nationally could take double the time in Rhode Island, Moody’s Analytics Chief Economist Mark...
Moody’s: R.I. faces worst fiscal shock in New England
PROVIDENCE – While state coffers across the country continue to feel the strain of the COVID-19 pandemic, the severity of prolonged fiscal shock may...
R.I. ranks No. 3 on weekly ‘Back-to-Normal’ economic index
PROVIDENCE – Rhode Island on Friday moved up to No. 3 on CNN Business and Moody’s Analytics’ “Back-to-Normal Index," which measures states’ economic recoveries...
Virus pummels commercial real estate, could end long boom
NEW YORK (AP) – Americans are likely to see more “for rent” signs in the coming months as many businesses devastated by the coronavirus...
Fed, Moody’s predict $400M-$592M state revenue shortfall for R.I. in FY20
PROVIDENCE – As state spending soars amid unprecedented unemployment claims and new health care needs, the money coming in from taxes has fallen off...
