Updated May 24 at 3:24pm
Economic Indicators
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(Updated 10:38 a.m. and 12:13 p.m.) “It’s back!” exulted Sail Newport Executive Director Brad Read. Word at a packed press conference at the Statehouse Friday morning of the return of the Volvo Ocean Race to Newport in May of 2018 had already seeped out, thanks to a Sail Newport magazine distributed on every seat at the event. more
Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note. more
Royal Bank of Scotland Group PLC, the lender that spun off Citizens Financial Group Inc. last year, raised $2.6 billion with the sale of its last shares in the U.S. regional bank. more
Real gross domestic product increased at an estimated annual rate of 2 percent in the third quarter in Massachusetts, according to the MassBenchmarks Current Economic Index released Thursday. more
The economy in the U.S. expanded at a slower pace in the third quarter as companies took advantage of gains in consumer and business spending to reduce bloated stockpiles. more
Applications for unemployment benefits in the U.S. were little changed last week, hovering close to four- decade lows and showing steady progress in the labor market. more
The residential real estate market continued to strengthen in the third quarter, compared with sales last year, with increased activity across all categories of housing types, according to the Rhode Island Association of Realtors. more
Federal Reserve policy makers said the economy is still expanding at a “moderate” pace and they will consider tightening policy at their next meeting in December without making a commitment to act this year. more
U.S. stocks pared gains after the Federal Reserve signaled it remains prepared to raise interest rates as soon as December. more
At least Rhode Island is no longer the least tax-friendly state for retirees in the nation. more
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