Economic Activity
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The cost of living in the United States unexpectedly dropped in August for the first time in more than a year, showing inflation still is falling short of the Federal Reserve’s goal as policy makers meet. more
Gasoline prices dropped in Rhode Island and Massachusetts this week but remained higher than the national average, according to the weekly survey by AAA Southern New England. more
U.S. stocks fell, following three weeks of gains for the Standard & Poor’s 500 Index, as financial shares slumped and investors watched speeches from Federal Reserve officials for clues on monetary policies. more
President Barack Obama and congressional Republicans share one piece of common ground in the stalemate over the budget and the debt ceiling: Neither side wants to budge. more
The economy expanded at faster pace in the second quarter from the previous three months, a sign the U.S. was weathering federal budget cutbacks and higher taxes. more
Wage gains in 2012 caused a rise in the number of Rhode Island communities able to afford home ownership, according to figures in the annual HousingWorks RI Housing Fact Book released Friday. more
The average weekly wage in Providence County rose to $999 in the first quarter of 2013, a 2.7 percent increase over the same period last year, the U.S. Bureau of Labor Statistics reported Thursday. more
U.S. stock-index futures rose, signaling the Standard & Poor’s 500 Index will rebound from its longest losing streak this year, as investors awaited data on jobs and home sales to assess the pace of the economic recovery. more
Companies added fewer workers than projected in September, indicating the U.S. job market is struggling to gain momentum, a private report based on payrolls showed today. more
The U.S. imported the most box loads of Asian goods from shoes to tires in six years last quarter, a signal that the world’s largest economy is gathering strength heading into the holiday season. more
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