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In America, Australia and parts of Europe, property markets have shrugged off higher interest rates
Then-Mayor Richard M. Daley “saw this as an opportunity to show a city that does work — not a city that crumbles under the pressure of protesters," said Leslie Fox, executive director of the 1996 convention's host committee. "The stakes were pretty high.”
Elsewhere, political dysfunction and fiscal frailties are taking a toll
The Fed’s latest projections are by no means fixed in time. The policymakers frequently revise their plans for rate cuts — or hikes — depending on how economic growth and inflation evolve over time.