The steering committee working on new rules for where and how Lawrence should grow is getting plenty of feedback from members of the public — about topics as diverse as density, downtown development and the fear of change. Since last August, the city has been in the process of updating the Land Development Code, which dictates city growth along with changes that could affect the aesthetics and function of existing neighborhoods and commercial areas, for the first time since 2006. The Land Development Code Steering Committee has now passed the halfway point of a series of community input meetings taking place this week to gather input about the first revised section (or “module”) of the code, which is related to zoning districts and uses. By the time the steering committee met late Thursday afternoon, there’d been six such meetings, with more yet to come on Friday.
Source: LJWorld

Most economists expect the Federal Reserve to lift interest rates one more time next week as it ends a 16-month hiking cycle that has been the most aggressive fight against US inflation in 40 years. The Federal Open Market Committee will raise rates a quarter point at its July 25-26 meeting to a range of 5.25% to 5.5%, the highest since 2001, according to economists surveyed by Bloomberg. With price pressures diminishing last month, almost all economists expect no change to rates at the September meeting and just one-fifth of the group predicts another hike by the November meeting. Fed Chair Jerome Powell and his colleagues have signaled plans to hike rates further following a pause in June that was intended to slow the pace of increases as they approach a level believed to be restrictive enough to return inflation to their 2% target.
Source: Bloomberg