Chicago Mayor Brandon Johnson is proceeding with a revamp of empty downtown buildings initially estimated at $1 billion in an effort to counter a commercial real estate crisis that’s cut sale prices by more than 50%. The city has been working with developers to refine plan...
Surging cocoa prices are being felt most in Europe, the world’s biggest chocolate consuming region, as new sustainability rules threaten to exacerbate a shortage of beans. Poor harvests in West Africa have sent global futures soaring to unprecedented highs. But fears are mounting that the...
Ketan B. Patel, policy advisor and head of financial markets risk analysis at the Federal Reserve Bank of Chicago, has published an article in the Chicago Fed Letter, No. 492 titled“Why the Russian Invasion of Ukraine Moved Wheat Futures Prices More in the U.S. Than in Europe.” I love...