Newsmakers and journalists dish about money and business!
The Federal Reserve Bank of Chicago (Charlie Mead/MEDILL)
In a statement released Wednesday afternoon, the Federal Open Market Committee said the rock-bottom federal funds rate would continue to hang below 0.25 percent “for an extended period,” even as policymakers cite gains in the labor market.
BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
The Federal Open Market Committee has spoken and the target Federal Funds rate will remain at 2 percent for now.
Yet, it seems that the Fed is going to get tougher on inflation going forward. While Richard Fisher, president of the Dallas Fed, was the only one to [...]
BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
The bailout continues on Wall Street with the Federal Reserve’s decision to extend its lending to primary dealers.
According to the release from the Federal Reserve, they seem to think the crisis is far from over, possibly extending as far as the new year.
In light of continued fragile circumstances [...]
BY BENJAMIN MIRASKI, MEDILL NEWS SERVICE
The next Federal Reserve move is going to be no move at all.
No inflation-fighting, no growth stimulus. The nation’s top economists and banking minds think the Fed’s interest rate policy is going to remain flat.
Based on its recent comments, it would almost be silly if the [...]
As inflation motors on, can your portfolio keep pace?
by Patrick Temple-West
May 13, 200
Chicago-area investors are looking to shift their portfolios into higher gear—with greater risk—to keep pace with rising inflation.
The Standard & Poor’s 500 and Dow Jones Industrial Average are in the red [...]
Chicagoans hungry for books about food, publishers happy to serve up more
by Molly Seltzer
Apr 28, 2008
Loaves and popovers grow lofty and puffy because yeast feeds on sugar and releases carbon dioxide. These rising breads are causing something else to rise — the popularity of food books.
In the [...]
