By Jeff Cox via CNBC Federal Reserve Chair Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the central bank leader told The Wall […]
The economy has added 88,000 jobs this March. Due to this increase the unemployment rate has dropped to 7.6%.
A steady economic recovery in the United States has been bolstering European markets, which continue to face financial turmoil under the pressure of budget cuts. On Tuesday, European stock markets rose despite record high unemployment rates in Eurozone states. The rise is attributed largely to a strong U.S. market, which has recently experienced steady growth. […]
Mayor of Providence, Angel Taveras, released an action plan for economic development on March 27th, 2013. In an open letter to his constituents, Taveras discusses the economic challenges Providence was faced with when he assumed office in 2011. “Unemployment was too high, private sector investment was too scarce and our housing market continued to suffer […]
