Economy

Heat wave threatens 500,000 wheels of Parmesan worth $382 million held as collateral for Italian farm loans

High temperatures have brought into focus the looming threat that climate change poses against this $5.15 billion industry and the cheese-backed bank that keeps its wheels spinning.

Cleveland Fed's Beth Hammack says one rate hike won't be enough to quash inflation — and 'now is the time to act'

Beth Hammack voted to raise interest rates to help put downward pressure on gasoline and grocery prices.

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