Stretching Your Dollar: Neir's Tavern Remains One of NYC's Oldest Bars
As we observe Black owned business month, Cheddar News is highlighting Neir's Tavern. Opening in 1829, it remains one of New York City's longest standing bars. Owner Loy Gordon spoke to Cheddar News senior reporter Michelle Castillo about the history of the tavern, saving it from the brink of closure and its role in the iconic 'Goodfellas' film.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.