Stocks and bonds sold off on Thursday after Federal Reserve Chairman Jerome Powell underwhelmed markets by refraining from pushing back more forcefully against the recent spike in Treasury yields.
Democratic leaders made more than a dozen late changes in their package, reflecting their need to cement unanimous support from all Democratic senators—plus Vice President Kamala Harris’ tie-breaking vote—to succeed in the 50-50 chamber.
The Indiana Department of Natural Resources on Thursday announced nearly $30 million in trail-development grants to 18 statewide recipients, with more than a third of that money going to projects in Marion, Hamilton, Boone, Hendricks and Hancock counties.
Federal Reserve Chair Jerome Powell suggested Thursday that inflation will pick up in the coming months but the rise would likely prove temporary and not enough for the Fed to alter its record-low interest rate policies.
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
The state said more than 633,000 Hoosiers had been fully vaccinated against COVID-19 as of Thursday. More than 1.06 million had received the first dose of a vaccination.
Indiana has two Disney Store locations—one in Indianapolis at Castleton Square Mall and one in Merrillville.
Counting supplemental federal unemployment programs that were established to soften the economic damage from the virus, an estimated 18 million people are collecting some form of jobless aid.
The revised figure released by the Labor Department on Thursday was slightly smaller than the 4.7% decline estimated a month ago. But it was still the biggest drop since the second quarter of 1981.
The Westfield-Washington Public Library’s board voted last week to build its new 45,000-square-foot library near the city’s growing downtown. The board is working on a 3.4-acre purchase agreement for the future site of the $16.7 million project.
A limited number of spectators will be allowed to attend the Big Ten Conference’s men’s and women’s basketball tournaments in Indianapolis this month, the conference announced Thursday morning.
All Indiana teachers are now eligible for COVID vaccines under a new federal directive. Vaccines earmarked for educators are separate from the overall allocation the state receives, said Indiana State Department of Health Chief Medical Officer Lindsay Weaver.
The Indianapolis-based company, which makes specialty petroleum products, last posted an annual profit in 2013. Calumet’s cumulative annual losses since then total $931.7 million.
More than 1.03 million Hoosiers—or about 15% of the state’s population of about 6.7 million—have received at least one dose of a COVID-19 vaccine, but it could take weeks or months to immunize the entire state, health officials say.
In a memo to the Indiana Economic Development Corp. board of directors, Schellinger said he is leaving state government “with the deepest sense of gratitude and joyful satisfaction in my heart.”
For three days starting Friday, the state will operate a drive-through vaccination clinic at the Indianapolis Motor Speedway, where thousands of eligible Hoosiers will be able to get a shot without leaving their car.
Under the new structure, the checks would phase out faster for those at higher income levels, compared to the way the direct payments were structured in President Biden’s initial proposal and the version of the bill passed by the House on Saturday.
Reports on consumer spending and auto sales were mixed, while overall manufacturing showed moderate gains despite supply-side constraints, according to the Fed survey.
The closure will be used by the Indianapolis Cultural Trail and the NCAA for various activities throughout the NCAA tournament.
The decision comes one day after the state opened up vaccinations to the 55-59 age group.
