The Port of Virginia is handling more cargo and more ships than ever before. Officials announced yesterday that five percent more ships docked at the port during the fiscal year that ended June 30th. The port also handled more containers and general cargo when compared to the year before. Officials noted that the closure of the Port of Baltimore for nearly three months due to a bridge collapse played a role in the increase.
From 2022 to 2023, the Fed increased interest rates 11 times, bringing them from a historic low of 0.08% to the current rates that have remained at a 23-year high. Erin Real says don't expect rate cuts anytime soon.Preview: ####