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The Chicago Mercantile Exchange ( CME) (often called " the Chicago Merc ", or " the Merc ") is a global derivatives marketplace based in Chicago and located at 20 S. Wacker Drive. The CME was founded in 1898 as the Chicago Butter and Egg Board, an agricultural commodities exchange. For most of its history, the exchange was in the then common ...
The Chicago Federation of Labor (CFL) is an umbrella organization for unions in Chicago, Illinois, USA. It is a subordinate body of the AFL–CIO, and as of 2011 has about 320 affiliated member unions representing half a million union members in Cook County. The labor body is also involved in political lobbying, often in alliance with other ...
Economy of Chicago. Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross ...
The Fed has kept its benchmark policy rate at 5.25%-5.50% since last July and, stung by three months of stronger-than-expected inflation readings from January to March, is only cautiously ...
At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...
April 30, 2024 at 8:38 AM. By Shristi Achar A and Shashwat Chauhan. (Reuters) -Wall Street's main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve's interest-rate ...
Another economic growth update. US economic growth for the first quarter of 2024 came in far weaker than economists had expected. On April 25, the Bureau of Economic Analysis's advance estimate of ...
Assaf Razin is an economist, academic, and author.He is a Schwartz Professor Emeritus at Tel Aviv University and The former Barbara and Steven Friedman Professor of International Economics, Cornell University.