Tag: Tariffs
U.S. economy grew stronger in second quarter than initially thought
WASHINGTON (AP) – The U.S. economy rebounded this spring from a first-quarter downturn due to fallout from President Donald Trump’s trade wars.
In an upgrade from its first...
Fed minutes: Most officials worried about inflation moving higher
WASHINGTON (AP) – Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job...
For 35M small businesses, tariff uncertainty hits especially hard
Imagine it’s April 2025 and you’re the owner of a small but fast-growing e-commerce business. Historically, you’ve sourced products from China, but the president...
Citizens Financial: R.I. business conditions improve in Q2, drop nationally
PROVIDENCE – Business conditions in Rhode Island improved in the second quarter of 2025, while cooling off nationally, according to Citizens Financial Group Inc.'s...
U.S. inflation unchanged last month, though core prices accelerated
WASHINGTON (AP) – U.S. inflation was unchanged in July while a measure of underlying inflation rose to its highest level in five months as...
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
WASHINGTON (AP) – The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President...
R.I. manufacturers feeling bite of tariffs
PAWTUCKET – U.S. Rep. Gabe Amo, D-R.I., recently hosted a roundtable discussion featuring six small manufacturers from Rhode Island’s 1st Congressional District to examine the...
U.S. employers added a surprising 147K in June despite uncertainty over...
U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump's economic...
U.S. economy shrank 0.5% between January and March
WASHINGTON (AP) – The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce...
Americans’ take on the economy sours in June
WASHINGTON (AP) – Americans' view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level...
