The Federal Reserve is set to cut interest rates. That’s good news for borrowers and not-so-good news for people with money in savings accounts, bank CD’s, and money market funds.
The long-anticipated shift, which could mark the beginning of series of interest rate cuts, would mean lower borrowing costs for car loans, credit cards, and mortgages.
The governor’s deal to save six Steward hospitals has been overshadowed by her decision to stand aside while the bankrupt company shuts Carney Hospital and Nashoba Valley Medical Center.
As the city prepares for a potential revenue shortfall, Mayor Michelle Wu is seeking to overhaul the Boston’s innovative PILOT program, which brings in funds from tax-exempt institutions.
Whether it's Kamala Harris or another candidate at the top of the ticket, the party’s new nominee will be hampered by the soaring cost of living during Biden’s term.