The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive.
Related posts
-
Opened during Prohibition, Kane County bar celebrates 100th anniversary
The year was 1924, during the Prohibition era in the United States. Even though consuming alcoholic... -
‘Major defense for Lake Michigan’: How $1.1 billion project aims to block invasive Asian carp
Environmental and conservation groups celebrated this week following Illinois’ “historic” signing of an agreement to begin... -
Loop-the-Loop: NASCAR restarts its engines for downtown street race
Stock cars on Michigan Avenue? It’s got to be NASCAR returning to Chicago with free admission...