The financial press seems enthralled with the business cycle. Expansion, contraction, rates and stocks up, rates and stocks down. Right now they’re all stumbling over themselves looking for signs of a recession. Recessions, of course, tend to lower rates since the demand for credit drops. European growth projections are poor. No one really knows what is going on in China. In the United States, the Federal Reserve has pushed the Fed Funds rate (the interest rate at which banks and credit unions lend reserve balances to other depository institutions overnight) from near 0 percent to what could be 4.75 percent by year end. There are some signs of softening in the U.S. job market (like job openings declining), but household debt service levels have dropped and savings levels are doing okay. The team at the Mortgage Bankers Association is forecasting appreciation levels near 0 percent for 2023 and 2024. There’s your snapshot! (Today’s podcast is available here. This wee
The hearse carrying the late William Billy Evans arrives Wednesday night at the Paciorek Funeral Home on Hoosac Street in Adams. STEPHANIE ZOLLSHAN â THE BERKSHIRE EAGLE
The motorcade reached its destination in Adams well after dark, having made a long, slow pass along Main Street in North Adams, the home town of the late William Billy Evans.
In North Adams, hundreds of people crowded along Main Street, taking photos. A hush came over the street as the motorcade made its right-hand turn onto Main, after its long trip west on Route 2. People seemed really affected, said Eagle staff member Francesca Paris, who reported from the scene, along with visual journalist Gillian Jones. But they also seemed happy to be around each other.
Hearts join in North Adams as native son makes final trip along Main Street berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.