Updated December 7 at 6:27pm
Economic Indicators
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Americans’ economic expectations rose to a nine-month high in October even as households’ current assessments of the economy and buying climate dimmed last week, according to figures in the Bloomberg Consumer Comfort Index released Thursday. more
Federal Reserve Bank of New York President William Dudley repeated that he expects an interest-rate increase by the end of 2016, as the central bank draws closer to reaching its twin objectives of maximum employment and 2 percent inflation. more
Economic activity is continuing at a modest to moderate pace in the First District despite uncertainty about the presidential election, according to the Federal Reserve’s Beige Book report released Wednesday. more
Cash sales of homes fell to 21.3 percent of the total in July in the Providence-Warwick-Fall River metropolitan area, a 6.2 percentage point decrease from July 2015, CoreLogic said Wednesday. more
One percent hotel tax collections grew 19.3 percent year over year in May, and 14.4 percent during the first 11 months of the fiscal year compared with the same fiscal period a year prior, the state Department of Revenue said this week. more
(Updated, 10:12 a.m.) The cost of living in the United States rose at the fastest pace in five months on energy and shelter prices, a sign inflation is getting closer to the Federal Reserve’s goal. more
Output at U.S. manufacturers rose for the third time in four months on production of consumer goods and construction materials, a sign the industry is recovering from a prolonged spell of weakness. more
Cash collections increased 5.4 percent, or $33.1 million, to $651 million in the first two months of the fiscal year, the R.I. Department of Revenue said this week. more
Retail sales climbed in September by the most in three months, showing American shoppers began to spend freely again after shying away from merchants earlier in the quarter. more
Wholesale prices in the U.S. rose by more than projected in September, helped by higher costs for energy and food and indicating inflation may be picking up. more
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