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The Worcester Regional Transit Authority first eliminated fares on buses and paratransit vehicles in 2020, making it one of the largest, longest-running fare-free transit programs in the country.
Those worries took on added urgency following Wednesday's robust consumer price data: futures markets now show investors expect rates to fall by just 40 basis points this year, compared to 150 basis points priced in at the start of 2024.
Fears of rebounding inflation are forcing investors to prepare for a scenario few expected to confront in 2024: a year without U.S. interest rate cuts. Expectations for how much policy...
Fears of rebounding inflation are forcing investors to prepare for a scenario few expected to confront in 2024: a year without U.S. interest rate cuts. Expectations for how much policy easing the Federal Reserve can deliver are falling rapidly as one strong economic report after another suggests inflation could come creeping back if the central bank lowers borrowing costs prematurely. Those worries took on added urgency following Wednesday’s robust consumer price data: futures markets now show investors expect rates to fall by just 40 basis points this year, compared to 150 basis poin...
The fading prospect of reductions presents a dilemma to market participants