economic activity

NY Transit Upgrades to Inject $106 Billion into Economy, E&Y Report Reveals

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NY Transit Upgrades to Inject 6 Billion into Economy, E&Y Report Reveals

The Metropolitan Transportation Authority (MTA) has unveiled an⁣ enterprising $68.4 billion capital plan for 2025-2029, ‌marking the largest investment in new York City’s transit system to date. This historic initiative aims to⁤ modernize the⁣ city’s⁤ aging infrastructure, improve service reliability,⁤ and generate important economic activity across the state. According to a report‍ by Ernst & … Read more

Fed Cuts Rates Again, But Future Remains Uncertain

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Fed Cuts Rates Again, But Future Remains Uncertain

Fed Lowers Rates ⁣Again, But Inflation‍ Concerns Linger The‌ federal ⁤Reserve (Fed) took⁣ another step Wednesday, trimming ⁢its benchmark interest rate ​by a quarter-point for the third consecutive time. ⁤This brings the federal funds rate ⁤to a range of⁤ 4.25% to 4.50%, aligning⁢ with ⁤market predictions. However, this move isn’t without its critics. The decision … Read more