Rate hikes are here: What does that mean for you?
CNN
The Covid era of free money has come to an end.
After dropping interest rates to zero in March 2020 to revive the economy, the Federal Reserve has just shifted gears to go into inflation-fighting mode.
Fed officials said Wednesday they are raising interest rates, beginning their first cycle of rate hikes since the one that began in late 2015.
Crews in Atlanta completed repairs Wednesday morning to a key water main whose break, among others, contributed to a huge swath of the city spending days without safe drinking water – though a boil advisory remains in effect for many homes and businesses “out of an abundance of caution,” the city said.
Two families have filed a federal lawsuit against Tennessee Governor Bill Lee and the Williamson County School District, claiming their middle school kids were arrested, strip-searched, placed in solitary confinement, forced to undergo evaluations and placed on house arrest after officials misinterpreted a Tennessee statute and claimed that conversations between peers were “threats of mass violence.”