“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.”
Below are a few articles that I found interesting this week.
If Dallas wants to revive Deep Ellum’s most historic landmark, we will have to help pay for a new building
California company buys Quiznos, but Denver-born sandwich chain to keep its HQ local, new owner says
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.
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