Economic Indicators

Fed will be 'patient' in rate hikes amid global growth woes

The Federal Reserve says that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate.

Governor's administration proposes gas tax increase

Gov. Mike DeWine's administration on Thursday recommended increasing the state gas tax by 18 cents a gallon beginning July 1 and annually adjusting that tax for inflation to provide sufficient funding for maintenance of roads and bridges.

Business Highlights

___ Resumption of high-level US-China trade talks raises hopes WASHINGTON (AP) — The Trump administration resumed high-level talks with Chinese officials on Thursday, aiming to ease a trade standoff that's unnerved global investors and clouded the outlook for the world economy.

Group that promotes development near Canada border expanding

An organization that promotes economic development near the Canadian border in northern New England and upstate New York is expanding the areas eligible to receive the assistance, U.S. Sen. Patrick Leahy said Thursday during an event in Middlebury.