A Busey Bank executive is predicting continued economic growth for Champaign County this year. Speaking Thursday at Busey Bank’s annual economic seminar, Vice-Chairman Ed Scharlau pointed to strong numbers in just about every sector of the county’s economy last year.
The Federal Reserve Board’s move this week to increase the benchmark federal funds interest rate for the first time in a year may be good news for a recovering national economy --- but the impact may not be so useful for Illinois’ economy.
Busey Bank held its annual Champaign County economic seminar Thursday morning. The company reports that most economic indicators in the county, including retail sales, major payrolls, and new home construction are higher than a year ago. But the picture isn’t entirely rosy.
