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A lower Fed benchmark rate would lead eventually to lower rates for auto loans, mortgages and other forms of consumer borrowing and could also boost stock prices.
Business transactions with service fees more than doubled in the past two years, according to a report this week by Square, a popular point-of-sales system used by restaurants and cafes.
Starting today, in response to reader feedback, the Sun-Times is expanding its Sunday newspaper with more features, opinions, sports, money, arts, culture and entertainment stories — and a new community page, Executive Editor Jennifer Kho writes.
The Fed’s latest projections are by no means fixed in time. The policymakers frequently revise their plans for rate cuts — or hikes — depending on how economic growth and inflation evolve over time.