‘A Life Saver’: Starkville Coffee Shop Owner Gets Funding from Communities Unlimited
The Southern Opportunity and Resilience Fund, known as SOAR, launched in April 2021 to offer low-interest loans of up to $100,000 to small-business owners affected by the pandemic across the South.
The Federal Reserve Can’t Stop Price Inflation—But A Recession Is Unlikely
“On March 16, 2022, the Federal Reserve raised its target interest rate by a quarter point, the first of many increases the U.S. central bank is expected to make over the coming months,” Jeffery S. Bredthauer writes. “The aim is to tamp down inflation that has been running at a year-over-year pace of 7.9%. The challenge is to do this without sending the economy into recession. Some economists and observers are already raising the specter of stagflation, which means high inflation coupled with a stagnating economy.”