In a weighty move to curb high inflation, the Federal Reserve on Wednesday raised its key interest rate by three-quarters of a point, its largest hike in nearly three decades. The action, which affects many consumer and business loans, could raise the risk of a recession. Some of the region’s real estate leaders weighed in on the issue.
Also making news Thursday:
KEEP ON TRUCKING: Growing a small business can be a challenge, especially amid the turmoil wrought by the pandemic. Worker shortages, supply chain problems and other market factors have bedeviled many owners. Today, business reporter Tony McAuley has a story about one of New Orleans’ fastest growing startups, a trucking company owned by a young entrepreneur who is building a shipping empire from the ground up.
EERIE EQUITY: A 19th century French Quarter antique and curio store is on the real estate market for $1.2 million. Billed as a “spiritual and historic” property, the building includes a séance room and what purports to be a magical portal to “another place and time.”
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