Traders See Higher Chance of Rate Cuts This Summer

The Federal Reserve held interest rates steady on Wednesday, with Chair Jerome Powell saying “we’re not going to be in any hurry to move.” Traders, on the other hand, came…

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Severe Thunderstorms Expected Wednesday — And Snow Is Coming

CHICAGO — Wednesday will start off nice, with highs in the 50s — but thunderstorms with possible hail and snow will hit later in the day. The day is expected…

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Chicago area braces for more severe weather, tornadoes possible

CHICAGO – Chicagoans enjoyed a picture-perfect Tuesday with sunshine and unseasonably warm temperatures, but a major shift in the weather is on the way. A strong storm system is set…

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The Federal Reserve Is Driving Blind

The Federal Reserve is driving blindfolded. That’s my single most important takeaway from the central bank’s big policy announcement on Wednesday. On the predictable side, the Fed kept policy rates…

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Stagflation? Fed sees higher inflation and an economy growing by less than 2% this year

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S.,…

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Live radar: Track strong-to-severe storms headed toward Chicago area

The Chicago area could see strong-to-severe thunderstorms on Wednesday, with snow developing overnight into Thursday. Parts of the Chicago area south of Interstate 80 are at an “enhanced” risk of…

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The Fed just stoked fears of a dreaded economic stagflation scenario

The Fed’s interest rate decision didn’t turn any heads on Wall Street but its economic projections hint at a dire economic scenario that investors have been stressing about in recent…

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Alleged LA Crips leader, music exec Big U accused of ‘mafia-like’ crimes

LOS ANGELES – Federal authorities are searching for a prominent Los Angeles music executive who they say used his industry connections with the South Los Angeles street gang Rollin’ 60s…

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Chicago forecast: Tornadoes, hail, ‘wind-whipped snow’ all possible as severe weather risk looms

EDITOR’S NOTE: Track strong to severe storms as they head to the Chicago area Wednesday here. As of 12:20 p.m. a tornado watch was in effect for multiple counties in…

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Wednesday forecast: Severe storm threat for Chicagoland

A Tornado Watch has been issued for a portion of the Chicago area until 9 p.m. Wednesday. Counties include LaSalle, Grundy, Kankakee, Kendall and Will in Illinois. And Benton and…

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