Major department store chain makes huge change, saddens fans
An iconic flagship location is closing its doors permanently.
During the latter part of 2024, inflation seemed to be headed in the right direction, so much so that the Federal Reserve was finally able to start cutting its benchmark interest rate. That brought a small dose of relief for borrowers in particular.
But January's Consumer Price Index, which was released in mid-February, painted a less rosy picture. It showed a 3% uptick in inflation on an annual basis, and a 0.5% increase from December. And in light of that, the Fed is unlikely to cut interest rates when it gathers to meet in March.
