Economic Activity
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U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
Gas prices surge 10 cents to September high
Gas prices in Rhode Island and Massachusetts surged 10 cents this week to the highest-ever prices for September, according to AAA Southern New England. more
| 9/17/12
Consumer confidence in U.S. advances for a sixth week
Consumer confidence in the U.S. climbed for a sixth straight week, the longest such stretch since early 2006, as Americans grew more secure about their finances. more
Report: R.I. ranks 5th in U.S. for energy efficiency investments
Since the inception of the Regional Greenhouse Gas Initiative in Rhode Island, the RGGI invested $7.3 million through December 2011, primarily in energy efficiency and conservation conservation projects, making Rhode Island fifth in the county in energy efficiency investments, according to a report from the Regional Greenhouse Gas Initiative. more
Regional consumer prices rise 1.3% in August
The Consumer Price Index in the Northeast rose 1.3 percent over the last 12 months, rising to 246.25 in August, the U.S. Bureau of Labor Statistics reported Friday. more
| 9/14/12
Black Friday draws millions in early start for holiday shopping
Target Corp. took some flak for opening stores on Thanksgiving because doing so would give employees less celebrating time with their families. Still, the earlier start attracted more parents and their kids. more
PPS lands $341K for Brick School House purchase, preservation
The Providence Preservation Society will purchase the 1769 Brick School House from the city of Providence thanks to a $341,500 grant from The Champlin Foundations, the preservation society announced Tuesday. more
| 12/11/12
EDC to meet with businesses affected by Sandy
In light of Gov. Lincoln D. Chafee’s establishment of a $1 million emergency loan fund to assist Rhode Island businesses affected by Hurricane Sandy, the R.I. Economic Development Corporation will meet with businesses to determine if they qualify for loans from $10,000 to $25,000. more
| 11/12/12
Warren Group admits error in Sept. Mass. foreclosure data
The Warren Group has revised its September Massachusetts foreclosure start figures, acknowledging that the totals it initially released were incomplete. more
| 11/12/12
U.S. stocks advance as jobless claims drop to 4-year low
U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for the first time in five days, as American jobless claims slid to a four-year low and Italy’s bond yields fell after a debt sale. more
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