Rhode Island’s debt ranks 36th in the nation, with a taxpayer burden of $14,200, according to Chicago-based Truth in Accounting, a nonprofit that aims to deliver transparent financial information from governments to citizens.
A divided Federal Reserve left its policy rate unchanged for a sixth consecutive meeting, saying it would wait for more evidence of progress toward its goals, while projecting that an increase is still likely by year-end.
Federal Reserve-watching can be a guessing game, and August and September are a perfect case in point. Federal funds futures markets priced in little chance of an interest rate increase immediately after the July meeting of the U.S. central bank.
The construction industry in Rhode Island ranked 28th in nation for year-over-year employment growth, according to the Associated General Contractors of America, based on U.S. Bureau of Labor Statistics data.