This is a breaking news story. Check back here for updates . The Federal Reserve was expected to announce a quarter-point rate hike Wednesday. The central bank last hiked its benchmark rate in March. Fed Chair Janet Yellen will deliver a prepared statement and answer questions from the press at 2:30 p.m., ET, in Washington, D.C.
Wednesday, June 14, 2017
TKC Fact Check: Another Fed Hike Threatens Kansas City Luxury Real Estate Bubble
Big money condos and lofts are a sign of Kansas City success . . . From the streetcar to those willing to pay thousands every month to live near hobos down by the river . . . A luxury living space is the pinnacle of cowtown achievement. And so this push back from The Fed with more on the way signals a slow summer with "greater fools" probably holding into their money. Take a look: