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Real Estate Investor Sam Zell Sees the Fed Raising Rates Close to 6%
The Fed will need to rate interest rates closer to 6% to meaningfully ease inflationary pressures, said legendary property investor Sam Zell. A “shocking event” was mortgage rates more than doubling this year, the billionaire told Fox Business. Zell also sees the US economy falling into a recession. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app There’s little comfort to be had in a recent softening in mortgage rates because the Federal Reserve is likely to continue with its string of rate hikes to catch up in taming inflation, billionaire property investor Sam Zell…
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Westfield Community Kitchen to close doors | News, Sports, Jobs
WESTFIELD — Westfield Community Kitchen is closing its doors at the end of the month. Jean McCausland, president of the group’s board of directors, cited fewer meals being served as the reason for the closure. The kitchen, incorporated in June 1994 to provide meals to those in need, has seen its attendance drop in recent years, from about 20 meals served a day pre-pandemic to about eight to nine meals served at present. “We would have a few,” McCausland said of attendance before COVID-19 that resulted in take-out-only service. “Twenty was not uncommon, sometimes quite a few more, sometimes less.” Westfield Community Kitchen began with meals available five…
