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Fed’s preferred inflation gauge shows price pressures stayed elevated last month 

WASHINGTON (AP) – A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to...

Consumer sentiment edges higher as economic growth accelerates and inflation fades 

WASHINGTON (AP) – A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to...

What should government do about soaring rent?

As Rhode Island rents continue to surge, affordable housing advocates are calling for investments that go beyond measures proposed in Gov. Daniel J. McKee’s...

Some Americans have become saddled with credit card debt as rent,...

NEW YORK (AP) – While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...

Report: Interest in moving to R.I., Northeast strong in Q4

PROVIDENCE – Interest in moving to Rhode Island and the Northeast was much stronger than much of the rest of the country in the...
EAGER HOST: Skyline at Waterplace hosted ticketed events during the 2018 One Providence New Year’s Eve celebration. / COURTESY SKYLINE AT WATERPLACE

City of Providence threatens to evict Skyline at Waterplace

PROVIDENCE – The city has made it clear to Skyline at Waterplace LLC, show us you are maintaining your property or you will be...

R.I. 8th-highest state in rent spending relative to income

PROVIDENCE — Ocean State residents pay among the highest rents in the U.S. relative to their incomes, according to a new report released by...
ON TOUR: Brett Bessette, left, a real estate agent with Residential Properties Ltd., shows an apartment in a newly constructed building at 500 South Water St., Providence, to a prospective tenant, John Pereira, of East ­Providence. 
PBN PHOTO/
MICHAEL SALERNO

Rents expected to stabilize in 2023, yet remain unaffordable for many

Nearly three years into a rental market characterized by a steep decline followed by surging increases, the market has showed some signs of starting...

Wholesale inflation in U.S. further slowed in November to 7.4% 

WASHINGTON (AP) – Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful...
GOING UP: Michelle Murphy, owner of Roots Hair Salon LLC in Cranston, works on Talias Oakane of ­Cranston. Murphy says she may have to raise the rent she charges her stylists, who recently raised their prices due to the increased cost of products, because her monthly payment to rent the building space for the salon recently increased.
PBN PHOTO/MICHAEL SALERNO

More businesses struggle with their rent payments

When Michelle Murphy renewed her lease recently for a 5,000-square-foot beauty salon she rents in Cranston, there was some bad news that came with...
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