South Florida On The Market

The economic outlook hasn't been quite as rosy lately, and so the Fed is stepping back just a bit. The Federal Reserve raised its key interest rate Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market sell-off and uncertain growth prospects. "The economy has continued to perform well," Fed Chairman Jerome Powell said at a news conference. But, he added, "We have seen developments that may signal some softening … In early 2018, we saw a rising trajectory for growth. Today, we see growth moderating ahead." The central bank's latest move, which comes amid President Donald Trump's repeated criticism of Fed rate hikes, is expected to set off a domino effect across the economy, bumping up rates on credit cards, home equity lines of credit and adjustable-rate mortgages. As expected, the Fed raised the federal funds rate – which is what banks charge each other for overnight loans – by a quarter...

With Miami’s new  10-mile Underline  project underway, the ‘Magic City’ looks to be changing for the better.    Meg Daly, previous marketing director turned founder of the nonprofit group Friends of the Underline, has teamed up with the Miami-Dade County and designers from the James Corner Field Operations, known for their work on New York City’s Highline, in tackling the massive construction job. The 10-mile long mixed-use park will extend from downtown Miami to Dadeland’s South Station, providing urban space for safe transit and recreation. The target design includes two 10-mile-long individual parallel pathways, with one dedicated to walking pedestrians or those on foot, and the other for bicyclists. The pathways will connect to several landscape spaces such as parks, playgrounds, gardens, and other locations for neighborly social gatherings.     Although Daly has already acquire...