The Federal Reserve has revised its forecast for inflation this year, predicting that core inflation — which doesn’t include the cost of food or gas — could rise to 3.4% by the year’s end. Fed Chair Jerome Powell said that while the economy is growing strongly, the U.S. is still down 7 million jobs.

Mayor Lori Lightfoot dismissed the announcement Thursday by the Chicago Bears that the team was seriously considering leaving Soldier Field, where they are locked into a lease through 2033. 

The measure, which would ban the sale of alcohol at stores after midnight, is part of a part of a massive package of initiatives Mayor Lori Lightfoot said was designed to help Chicago businesses recover from the COVID-19 pandemic.

The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. 

The Chicago Loop Alliance’s series of events shutting down a stretch of the city’s iconic street to cars, is scheduled to run for eight Sundays this summer starting July 11, CLA announced Wednesday.

A bill heading to Gov. J.B. Pritzker’s desk would provide funding for a proposed natural gas pipeline in a village outside Kankakee. Supporters say the pipeline could provide economic growth for the area, but others are concerned about the plan’s environmental impact.

Last year’s electric scooter program, which ran from August to December, saw an increase in the number of available scooters but a decline in overall ridership, according to a Chicago Department of Transportation report.

It’s home to trainers, jockeys and others in the horse racing industry. And during summer weekends, it’s a place for fans to bet on their favorite racehorse. Arlington International Racecourse is officially open for what could be its last season.

Wage theft costs Chicago workers $400 million a year, according to the mayor’s office.

Mayor Lori Lightfoot will introduce a measure Thursday that would ban the sale of alcohol at stores after midnight, dropping her effort to set an earlier cutoff. The mayor called the revised proposal “a reasonable compromise.”

The philanthropist announced $2.7 billion in donations Tuesday to 268 organizations, including a number of Chicago-area institutions. The University of Illinois at Chicago received $40 million, the largest gift from an individual in school history.

An explosion at a northern Illinois chemical plant Monday morning sparked massive fires that sent flames and huge plumes of thick black smoke high into the air and debris raining onto the ground, prompting evacuations.

A trove of leaked IRS tax returns analyzed by ProPublica reveals America’s richest billionaires — including Elon Musk and Jeff Bezos — often pay little to no income tax.

Good news for employees as air travel rebounds. Crain’s Chicago Business editor Ann Dwyer takes us behind the headline of that story and more.

The airline industry’s recovery from the pandemic passed a milestone as more than 2 million people streamed through U.S. airport security checkpoints on Friday for the first time since early March 2020.

Leaders of the world’s largest economies unveiled an infrastructure plan Saturday for the developing world to compete with China’s global initiatives, but they were searching for a consensus on how to forcefully to call out Beijing over human rights abuses.