Tuesday, October 3, 2023


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Tag: Recession

Survey: Small business remains bullish about prospects

PROVIDENCE – The majority of U.S. small-business owners, 72%, are concerned about the impact of a potential recession, however 76% are confident their business...

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...
Christopher ­­Decker

Fed policy may be paying off, but pain to come

The latest jobs report shows that the Federal Reserve’s policy on inflation appears to be working. That’s the good news. The bad news is...

Recession concerns?

Are you concerned about a possible recession looming? Yes: 100% No: 0% Was your company impacted in any way from the 2008 recession? Yes: 100% No: 0% Are recession fears...
BIG DRAW: The Ocean Race is coming back to Newport for a week in May. More than 100,000 people visited the race village in Newport in 2015, pictured above, and again in 2018. 

With recession looming, think big on tourism

This is a big year for Rhode Island tourism, starting with the impending release of the first major statewide campaign since 2017. Rhode Island tourism...

2023 U.S. recession now expected to start later than predicted 

WASHINGTON (AP) – A majority of the nation's business economists expect a U.S. recession to begin later this year than they had previously forecast,...
SEEKING CLIENTS: Robert Wheeler, co-owner of Friends of Toto Inc., a dog day care and grooming business in Pawtucket, spent $400,000 to double his business space to accommodate growing customer demand but now he must find additional customers to cover the construction costs of expansion.

Preppin’ for RECESSION. PBN survey: Talk of a coming downturn is...

If and when the country will slip into a recession depends on who you ask, but the gloom is already settling over Rhode Island...

The pain of Uncle Sam’s higher interest payments

Consumers and businesses aren’t the only ones feeling the pain of higher borrowing costs because of Federal Reserve rate hikes. Uncle Sam is too. The...
KARL WADENSTEN, second from left, CEO and president of VIBCO Inc., makes a point during the panel discussion at Providence Business News' 2023 Economic Trends Summit in Providence on Thursday. Also on the panel is, from left, Thomas Tzitouris, head of fixed income research at Stratgas; Peter R. Phillips, senior vice president and chief investment officer at Washington Trust Wealth Management; Julietta Georgakis, chief of staff for the R.I. Executive Office of Commerce; and Kevin Casey, vice president of sales at Sweeney Real Estate & Appraisal. At far right is PBN Editor Michael Mello, the moderator. / PBN PHOTO/MIKE SKORSKI

PBN summit panel: Economic indicators say recession coming in 2023

PROVIDENCE – In many ways, the party is over. At least that's the way the panelists at Providence Business News’ Economic Trends Summit on Thursday...

Jobs, wages are up, but a gloom remains

At any other time, the jobs news that came down on Dec. 2 would be a reason for cheer. The U.S. added 263,000 nonfarm jobs...
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