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.

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.

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 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.

The city and state are fully reopened after a long 15 months. The remap fights heat up. A former alderman may have secretly recorded former House Speaker Michael Madigan. And an elected school board is on the agenda in Springfield.

The city and state’s full reopening is a double-edged sword for many in the hospitality and entertainment industry. They wonder: the crowds may be coming back, but will the labor force return?

People who are not vaccinated against COVID-19 should continue to wear face coverings in crowded settings and maintain 6 feet of social distance when inside businesses and venues, even after Illinois moves into phase 5 of its reopening plan, according to new guidance.

Hiring in the United States picked up in May yet was slowed again by the struggles of many companies to find enough workers to keep up with the economy’s swift recovery from the pandemic recession.

Illinois bars and taverns can now offer their thirsty patrons an incentive for getting vaccinated against COVID-19. The new law starts June 10 and runs through July 10. 

The Emergency Rental Assistance Program provides grants to cover 15 months of missed rental payments. By August, the eviction ban is set to be lifted in Illinois. Will this assistance be enough to keep people afloat?

It’s an idea that’s grown increasingly popular in recent years: guaranteed or universal basic income payments. Now, a pilot program is launching just outside Chicago, where more than 100 residents have started to receive monthly payments of $500.

A Chicago alderman wants ride-share companies to cap surge pricing amid a driver shortage, and drivers want Uber and Lyft to do more to keep them safe.