Updated October 13 at 5:13pm
Economic Indicators
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August “arrived with a bang for Rhode Island,” according to University of Rhode Island economist Leonard Lardaro. more
Rhode Island, as in most of the nation, has experienced economic growth since 2010. But in that period the Ocean State has seen cumulative growth at a rate that is roughly 75 percent as large as the United States as a whole. (Ocean State … more
Federal Reserve Bank of New York President William C. Dudley said he expects the U.S. central bank to raise interest rates by December, echoing comments by fellow regional Fed chief Dennis Lockart in Atlanta, while cautioning that this was not a pledge to action and will depend on the economy staying on track. more
Foreclosure rates fell in the Providence-Warwick metropolitan area in July to 1.64 percent, a decrease from July 2014 when the rate was 1.79 percent, CoreLogic said Friday. more
Douglas Hall has joined the staff of the Economic Progress Institute as its new director of economic and fiscal policy, the organization said Thursday. more
Consumer confidence climbed for a third week to reach its highest level since mid-April as Americans held more favorable views of the economy, buying climate and personal finances. more
Filings for unemployment benefits in the U.S. declined last week to the lowest level since mid-July, extending a run of applications near decade lows that shows dismissals remain in check. more
The IMF warned officials to protect their financial systems from possible instability as the U.S. Federal Reserve prepares to raise interest rates, saying shocks or policy missteps risk derailing the global economy and triggering equity market sell-offs. more
Rhode Island’s economy continued to expand at a slow, but steady, rate in the second quarter, according to the Rhode Island Current Economic Indicator briefing released Wednesday by the Center for Global and Regional Economic Studies and the Rhode Island Public Expenditure Council. more
Rhode Island single-family home sales jumped 23.8 percent in August, making it the best August for sales since 2005, according to The Warren Group, publisher of Banker & Tradesman. more
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