Fed hikes rate to 1.25 percent signaling steady path to cool inflation
The Federal Reserve raised the federal funds rate to 1.25 percent from 1.0 amid a plan to continue increases as needed to restrain inflation. Analysts note an anticipated ripple through mortgage and loan rates, with banks likely raising prime lending rates and markets reacting modestly.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Neal Hubbard
Northern Savings and Loan
Elyria
Hubbard
Ernie Jackson
CommStar Credit Union
Freddie Mac
Wall Street
Jung
Bond Market Association
Kids run lemonade stand in Elyria Chestnut Lakes scene
A group of children in the Chestnut Lakes subdivision sold lemonade and small snacks on a sunny Wednesday, raising about 15 dollars as they step into entrepreneurship. The piece notes lemonade’s long history, dating back to medieval Egypt, but the kids focus on their first business venture.
MENTIONED IN THIS ARTICLE
Elyria
Chestnut Lakes
Egypt
Nasir-i-Khusraw
Clifford A Wright
A dog worth fighting over county pound standoff
The Lorain County Dog Pound and the Animal Protective League clashed over the care of an injured dog. A police officer brought the black dog to Lorain County Animal Emergency Center on June 24 with a lame left front paw. after antibiotics and painkillers, the APL allegedly moved the dog to the pound, and now the leg may need amputation. Details of events remain unclear between agencies.
MENTIONED IN THIS ARTICLE
Elyria
Animal Protective League
Lorain County
APLI
Talbott
APL
Price hikes irking AARP
AARP released a study showing brand-name prescription drug costs rose 3.4 percent in the first quarter and 7.2 percent from April 2003 to March 2004. John Rother criticizes the industry while Congress weighs cheaper drug imports from Canada as a potential electoral issue.
MENTIONED IN THIS ARTICLE
Newsday
Washington
AARP
John Rother
Congress
Canada
Ohio Lottery profits lift Education Department funding
Columbus reports show instant scratch-off sales rising as the Ohio Lottery posts a $10 million year over year surplus. Officials say about $648 million will transfer to the Department of Education, up from $638 million, with funds allocated to cushion years of lower profits.
MENTIONED IN THIS ARTICLE
Columbus
Crystal Knox
Knox
Ohio Lottery
Department of Education
Education Department
Department
Ac, Benton
Partly Sunny Weather Update and Forecast Note
Partly sunny with a high of 83 degrees. For complete AccuWeather forecast, see Page AS.
Champ Car Grand Prix of Clavaland Preview Weekend
The Chronicle gears up for three days of coverage this weekend with the Champ Car Grand Prix of Clavaland. Readers get race previews, driver standings, track notes, and event schedules ahead of the weekend sprint to the checkered flag.
MENTIONED IN THIS ARTICLE
Clavaland
Also Mentioned on This Page
Alan Greenspan
Courtney Tollet
Nicole Whiting
Zack Wilson
Mark Wilson
Seth Toilet
Sear the Cat
John Osborne
Tha Chronicle-Telegram
Tony Lombardo
the Chronicle-Telegram
Ohio
The
Associated Press
Betten
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