“The Federal Reserve on Wednesday announced that it decided to raise interest rates, and it signaled plans to do so more times than expected this year.
In a two-day meeting, the Federal Open Market Committee voted to lift the target range for the federal funds rate by 25 basis points to between 1.75% and 2%. In a few hours, several banks will respond by raising their prime lending rate, the starting point of borrowing costs for nonmortgage loans like credit cards and auto loans.
This was the seventh rate hike since late 2015, when the Fed first began lifting interest rates from almost zero. It kept borrowing costs that low after the financial crisis to encourage businesses and consumers to spend and grow the economy.”
Fed raises interest rates, expects 2 more hikes this year
Fed Raises Interest Rates and Sees 3.6% Unemployment
Fed hikes rates, points to two more increases by year’s end
Below are a few articles that I found interesting this week.
Local:
$370M Texas 121 Project Begins Summer 2018
Walmart plans a Lower Greenville return, but with a store you wouldn’t expect
Dallas City Council OKs Sending Millions to Red Bird Mall Redevelopment
$1.5 billion Lewisville project will bring office, retail and apartments to S.H. 121
More apartments on the way near Dallas’ Love Field
Frisco project will include huge fitness center, offices and retail
If Dallas wants to revive Deep Ellum’s most historic landmark, we will have to help pay for a new building
Japanese manufacturer closes deal on 318-acre Denton County spread
Dallas on List of Cities for New U.S. Army Command Headquarters
Grapevine lands a second major corporate office deal in one week
National:
Sears expands Auto Center partnership with Amazon to more stores
California company buys Quiznos, but Denver-born sandwich chain to keep its HQ local, new owner says
Kroger to exit one of its markets
The next stock market crash will simply be a warm-up for an even bigger issue facing Main Street
Target launching design-focused home brand to bring better functionality to everyday items
The co-founder of By Chloe, the chain that wants to be the McDonald’s of vegan fast food, just opened a new restaurant. Here’s what it’s like to eat there.
What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.
Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.
Tim Lepore 