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A new data tool finds a strong correlation between where people grew up and their chances of climbing the economic ladder. Charlotte, N.C., hopes to use it to improve residents’ economic mobility.
Whiskey distillers in the U.S. are concerned EU tariffs will take a big bite out of sales. Many have expanded to meet growing demand and worry what will happen if trade frictions aren’t resolved soon.
The Fed has signaled that a total of three increases are likely in 2018. This would be the second. But, with unemployment low, the Fed could add more rate hikes to avoid sparking higher inflation.