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Legislators Urge Treasury and Fed to Step In as Hotels Face Foreclosures

The COVID-19 pandemic forced hotels nationwide to shut down for weeks or operate at record-low occupancies with reduced staff. With revenues significantly reduced, many...

U.S. Federal Reserve Scales Back Pace of Rate Rises

Federal Reserve officials’ unfavorable expectations of the economy have led to the announcement that they would most likely not be raising interest rates as...

Federal Reserve Votes to Raise Interest Rates

For the first time in nearly ten years, the Federal Reserve has raised interest rates. Bloomberg reports that the Federal Open Market Committee unanimously...

U.S. Federal Reserve Set to Raise Rates

At 2 p.m. today, the U.S. Federal Reserve is set to raise rates for the first time since 2006. Markets are prepared for a...

Fed Leaves Interest Rates Unchanged

The U.S. Federal Reserve has chosen to leave interest rates unchanged, reports Reuters. Concerned about a weak world economy, the U.S. central bank says...