Tag:

Economic Activity

Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy
Fed Cuts Rates Again As Inflation Stays High, Trump's Tariffs Strain Economy The Federal Reserve has cut interest rates for the second time in six weeks as inflation remains high and the US labor market shows more signs of strain. The Fed announced the approval of a quarter-point rate cut in a news release on Wednesday, Oct. 29. The move lowers the Fed's benchmark funds rate to between 3.75% and 4%. The decision follows a string of weaker jobs reports and growing economic concerns surrounding President Donald Trump's widespread tariffs. "Available indicators suggest that economic activity has been expanding at a moderate pace," the Fed said. "Job gains have sl…
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know
Fed Approves First Rate Cut Of 2025 As Job Market Slumps: What To Know The Federal Reserve has cut its key interest rate for the first time in 2025 amid a slowing job market and economic pressure from President Donald Trump's tariffs. The Fed approved the quarter-point reduction to interest rates on Wednesday, Sept. 17. The overnight funds rate will drop to between 4% and 4.25%, in the first rate cut since December 2024. The cut comes as the Fed warns about rising prices and a slumping labor market. "Recent indicators suggest that growth of economic activity moderated in the first half of the year," the Fed said in a news release. "Job gains have slowed,…
$160M Newark Airport Station Project Will Cut Commutes For Locals $160M Newark Airport Station Project Will Cut Commutes For Locals
$160M Newark Airport Station Project Will Cut Commutes For Locals A groundbreaking $160 million project is underway in Newark, and local commuters could be the biggest winners. The Port Authority of New York and New Jersey kicked off construction Friday, June 13 on a new entry point to the Newark Liberty International Airport Train Station, which serves AirTrain Newark, Amtrak, and NJ TRANSIT. Officials say the expansion will dramatically improve transit access for residents of Newark’s South Ward and North Elizabeth — communities that have long been cut off from efficient airport transportation. Right now, locals face bus rides of up to 40 minutes just t…
Trump Administration Cuts Arts Grant Funding, Prompting Emergency Fundraiser In Westchester Trump Administration Cuts Arts Grant Funding, Prompting Emergency Fundraiser In Westchester
Trump Administration Cuts Arts Grant Funding, Prompting Emergency Fundraiser In Westchester Facing a sudden loss of $285,000 in federal funding, a Westchester nonprofit is turning to the community to help fill the gap and keep its programs, including a major climate-themed art exhibition, on track. White Plains-based ArtsWestchester, a cornerstone of the county's arts scene for six decades, announced the launch of a crowdfunding campaign on Wednesday, May 14, in response to the termination of three National Endowment for the Arts (NEA) grants.  The canceled grants are part of a broader shift in federal spending priorities under President Donald Trump’s administratio…
These Are 10 Worst Cities For Traffic In US: Brand-New Rankings These Are 10 Worst Cities For Traffic In US: Brand-New Rankings
These Are 10 Worst Cities For Traffic In US: Brand-New Rankings Traffic jams continue to plague urban centers across the United States, leading to lost time, increased costs, and frustration for millions of commuters.  The 2024 INRIX Global Traffic Scorecard sheds light on the cities most affected, providing valuable insights into the challenges faced by drivers. Here are the 10 cities with the worst traffic, according to INRIX: New York City – The Big Apple leads the nation, with drivers losing countless hours in traffic. Chicago – The Windy City ranks second, with congestion remaining a major issue. Los Angeles – LA’s infamous gridlock earns it…
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report
Westchester's 2024 Q3 Commercial Real Estate Market Shows 'Mixed Results': Report Although demand for Westchester retail space and multifamily apartment complexes improved during the third quarter of 2024, the market for other commercial properties in the county did not fare as well, according to an all-new report.  The data regarding the county's commercial real estate market came from Houlihan Lawrence's Q3 Commercial Market Report, released on Tuesday, Oct. 29.  According to the real estate brokerage, demand for retail space in Westchester "continues to evolve rapidly," as consumers have healthy purchasing power and are on the lookout for "con…
Film, TV Productions Filmed In Westchester Score 32 Emmy Nominations Film, TV Productions Filmed In Westchester Score 32 Emmy Nominations
Film, TV Productions Filmed In Westchester Score 32 Emmy Nominations Westchester has once again proved itself to be a winning destination when it comes to filming, as shows produced in the county over the past year have earned over 30 Emmy nominations.  The nominations for the 76th annual Emmy Awards were announced on Wednesday, July 17. Of the list, a whopping 32 were garnered by productions filmed in Westchester, county officials said. Some of these productions include: Amazon Prime's "Fallout," which was filmed at the Verplanck quarry in Cortlandt and secured 16 nominations in acting, production, and writing categories; FX's "Feud: Capote & The…
COVID-19: NY Gyms, Casinos, Stadiums, Offices Can Increase Occupancy COVID-19: NY Gyms, Casinos, Stadiums, Offices Can Increase Occupancy
Covid-19: NY Gyms, Casinos, Stadiums, Offices Can Increase Occupancy With New York continuing to show signs of recovering from the COVID-19 pandemic, additional restrictions placed on certain businesses and industries are being lifted. During a COVID-19 briefing on Monday, April 26 in Syracuse, Gov. Andrew Cuomo announced that stadiums, offices, casinos, gyms, and fitness centers outside of New York City can all increase its occupancy. Cuomo said that the following restrictions are now in place as of Saturday, May 15: Offices: from 50 percent to 75 percent occupancy; Casinos: from 25 percent to 50 percent occupancy; Gyms and fitness centers outside New Y…
COVID-19: Some Restrictions Lifted On NY Arenas, Movie Theaters, Museums, Zoos COVID-19: Some Restrictions Lifted On NY Arenas, Movie Theaters, Museums, Zoos
Covid-19: Some Restrictions Lifted On NY Arenas, Movie Theaters, Museums, Zoos Some businesses and facilities in New York will be opening up wider as the state continues combating the spread of COVID-19. During his latest COVID-19 briefing on Monday, April 19 in Manhattan, Gov. Andrew Cuomo announced that capacity would be increased for the state’s museums, zoos, movie theaters, and large indoor arenas. Cuomo said that beginning on Monday, April 26, museums and zoos in New York would be able to open up to 50 percent capacity, while movie theaters will be permitted to allow patrons inside up to 33 percent capacity. Just in time for the NBA Playoffs - where the Brookly…
COVID-19: NY See New Seven-Day Positive-Test Rate Decline; New Rundown Of Hudson Valley Cases COVID-19: NY See New Seven-Day Positive-Test Rate Decline; New Rundown Of Hudson Valley Cases
Covid-19: NY See New Seven-Day Positive-Test Rate Decline; New Rundown Of Hudson Valley Cases The Hudson Valley now has the state's highest infection rate as New York has seen its seven-day COVID-19 positivity rate drop for 41 straight days, recording its lowest mark since Monday, Nov. 23. New York continues to recover from the post-holiday surge, as the statewide positivity rate dipped down to 3.61 percent as the state sees a drop in new cases and hospitalizations. In the Hudson Valley, the infection rate has dropped from 4.47 percent on Monday, Feb. 15 down to 4.40 percent on Wednesday, Feb. 17, the highest in the state ahead of Long Island (4.39) and New York City (4.28 per…
COVID-19: New York Expected To Loosen Up Some Restrictions On Economy COVID-19: New York Expected To Loosen Up Some Restrictions On Economy
Covid-19: New York Expected To Loosen Up Some Restrictions On Economy With New York coming out the other side of the “post-holiday COVID-19” spike, Gov. Andrew Cuomo said that the state may be loosening the restrictions on some areas that were hit hardest by the virus. Cuomo said that with infection and hospital rates on the decline, he and the Department of Health are looking to “loosen the valve” on certain aspects of the economy to jumpstart New York’s reopening. “We said that we hoped the spike would end after Jan. 1 when people stopped socializing as much … We talked about (that happening) in mid and late January, and that’s right where we are,” Cuomo sa…