Fed rate-hike effect, Meta’s leaner future: The National Observer Feb. 3, 2023


Good morning, readers.

As we've been reporting on the impact of migration trends on U.S. cities, one trend we've noticed is the so-called donut effect, in which residents were moving out of city centers and into the surrounding regions as the cost of living in the urban core — and especially housing prices — spiked.

You can see an example of what this looks like in the Twin Cities of Minneapolis and St. Paul, Minnesota, where Ethan Nelson of the Minneapolis/St. Paul Business Journal has…

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