In a weighty transfer to curb excessive inflation, the Federal Reserve on Wednesday raised its key rate of interest by three-quarters of a degree, its largest hike in almost three a long time. The motion, which impacts many shopper and enterprise loans, might elevate the chance of a recession. A number of the area’s real estate leaders weighed in on the difficulty.
Additionally making information Thursday:
KEEP ON TRUCKING: Rising a small enterprise could be a problem, particularly amid the turmoil wrought by the pandemic. Worker shortages, provide chain issues and different market components have bedeviled many homeowners. Immediately, enterprise reporter Tony McAuley has a narrative about considered one of New Orleans’ fastest growing startups, a trucking firm owned by a younger entrepreneur who’s constructing a transport empire from the bottom up.
EERIE EQUITY: A nineteenth century French Quarter vintage and curio retailer is on the real estate market for $1.2 million. Billed as a “religious and historic” property, the constructing features a séance room and what purports to be a magical portal to “one other place and time.”
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