U.S. inflation, consumer spending cooled in December
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
Latest News
Articles
Issue with tourism agency’s fundraising arm prompts corrective legislation
For more than three years, the not-for-profit foundation created to collect private donations for the Indiana Destination Development Corp. has operated without being subject to routine state audits due to a legislative oversight.
Indiana tax cap proposal would help homeowners but hurt schools, local government
A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.
Data shows 542K Hoosiers applied for student debt relief from embattled loan forgiveness program
Next month, the Supreme Court will hear oral arguments in two cases seeking to overturn the debt relief policy that conservatives have panned as an expensive giveaway and executive overreach.
FDA’s advisers back plan to simplify COVID-19 vaccinations
The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus.
5 women with immense power: Can they keep US from fiscal brink?
This year, for the first time in history, the four leaders of the two congressional spending committees are women. So is the president’s OMB director.
Musical being prepped for Broadway to bring stars to the Walker
Tony Award winner Jessie Mueller and University High alum Morgan Wood will perform new songs of the “Five Points” musical in Indianapolis.
Indiana Landmarks receives $10M Lilly grant for Sacred Places program
The Indianapolis-based organization says the funding will expand training opportunities, build congregational capacities, and assist with stewardship of historic churches.
Carolina Panthers hire Frank Reich as new head coach
The Panthers finished 29th in the league in offense and 29th in passing this season after struggling with quarterback play. Reich is no stranger to dealing with a revolving door of quarterbacks.
Explainer: How will we know if U.S. is in a recession?
Despite solid economic growth in the second half of 2022, economists believe a recession is very likely sometime this year. But it won’t necessarily be obvious.
Fast-growing Fitzmark acquires Georgia logistics firm
Indianapolis-based FitzMark LLC, a third-party logistics firm, has acquired a similar firm that specializes in refrigerated freight, marking its seventh acquisition in four years.
First Internet Bank to exit consumer mortgage business
Fishers-based First Internet said the decline in the housing market and the sector’s negative outlook for the next few years prompted it to get out of the consumer mortgage business.
U.S. economy grew 2.1% in 2022, but recession fears linger
The latest figures point to a strong but slowing economy that has been tempered by the Federal Reserve’s aggressive efforts to control inflation.
Committee approves anti-ESG, anti-China pension investing bills
Indiana senators on Wednesday said the state’s pension system should prioritize return on investment in one bill—not environmental and social concerns—even as they advanced another bill requiring the system to divest from China-related investments.
Developer planning 77 townhouses near Westfield’s Grand Park
The townhouses would be constructed on about seven acres of land at Grand Park Village and would hew to the community’s Cape Cod-style architecture.
Indiana House GOP ‘exploring options’ to postpone school tax referendums, including for IPS
The move comes as Indianapolis Public Schools plan to introduce two ballot measures in May to increase taxes to support more than $800 million in capital and operating expenses. The district has said the additional money is critical to its reorganization plan.
Indiana students may need to learn how to open bank accounts, take out loans in order to graduate
The vote puts Indiana on track to join several other states that have recently adopted financial literacy graduation requirements.
Indiana lawmakers scale back on private school aid expansion
Critics argued the original proposal opened up tuition payments to private schools for even the wealthiest families.
AmazonSmile’s end is alarming, say not-for-profits that benefited
The e-commerce giant had launched AmazonSmile in 2013, contributing 0.5% of every purchase made by participating customers to the charity of their choosing.
Indiana Senate panel advances bill to prohibit non-compete agreements for physicians
It’s the latest in a series of bills meant to address the high cost of health care in Indiana, as well as the physician shortage and patients’ rights.