info2022-03-21T07:28:39-05:00March 21st, 2022|
The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
info2022-03-20T21:17:53-05:00March 20th, 2022|
St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week's Fed meeting, Bullard said in a statement that he would like to see the central bank's benchmark interest rate boosted above 3% from the near-0% level where it had stood. Following its two-day meeting, the Federal Open Market Committee on Wednesday said it would raise overnight rates for banks 0.25 percentage points. Source: CNBC - Bonds
info2022-03-20T21:15:04-05:00March 20th, 2022|
The U.S. Federal Reserve will need to raise interest rates higher than officials are currently projecting if it is to wrestle inflation back under control, former U.S. Treasury Secretary Lawrence Summers said. While the central bank this week increased its benchmark rate by 25 basis points for the first time since 2018 and saw the potential for six more such hikes this year, Summers said central bankers still seem to underestimate the stubbornness of price pressures and will likely need to eventually push borrowing costs higher than inflation.“Ultimately we’re going to need 4%-5% interest rates, levels they’re not even thinking of [...]
info2022-03-20T21:12:45-05:00March 20th, 2022|
Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50 basis point interest rate hikes this year to tame inflation. Though he voted this week for just a 25 basis point move due to uncertainty from the Russian invasion of Ukraine, Waller said he thinks the Fed may need to be more aggressive soon. “I really favor front-loading our rate hikes, that we need to do more withdrawal of accommodation now if we want to have an impact on inflation later this year and next year,” he told CNBC’s Steve Liesman during [...]
info2022-03-20T20:59:51-05:00March 20th, 2022|
Frontier Airlines announced that it will be discontinuing service at Wichita Dwight D. Eisenhower National Airport. The City of Wichita said in a release Friday that the airline intended to resume flights to Las Vegas from Wichita on April 1, but has canceled those plans. Frontier said the decision follows a shortage of aircraft. Frontier hopes to bring service back to Wichita. “We certainly are disappointed that Frontier is leaving, especially now that passenger demand is increasing and more seats are needed. There are opportunities for Frontier in this market and we hope to bring them back,” said Valerie Wise, ICT [...]
info2022-03-21T07:26:53-05:00March 20th, 2022|
A 14-year-old boy died and two teenagers were arrested after a shooting sent waves of panic through Wichita’s largest shopping center. Towne East Square was closed and systematically evacuated Friday evening after the shooting and resulting chaos as shoppers and employees ran for their lives. Police said the shooting, which followed a fistfight near the food court, is believed to have been gang-related. Source: Local News | Wichita Eagle
info2022-03-21T07:27:05-05:00March 20th, 2022|
Ambulance fees for the City of Winfield could possibly be increased to keep up with increased supply and fuel costs, according to Winfield City Manager Taggart Wall. The city charges a transport fee and mileage fee for patients who use ambulance services, Wall said. Those fees have been the same since the City of Winfield took control of the ambulance service from William Newton Hospital in 2014. “As other costs increase, we need to make sure we’re looking at that and covering our costs appropriately,” Wall said. Source: Cowley CourierTraveler
info2022-03-21T07:27:30-05:00March 20th, 2022|
Chase County’s fire chief issued an urgent plea during Monday’s meeting of the board of commissioners. Steve Fillmore told the commission that landowners needed to start calling in their controlled burns or big changes to the county burn policy would be needed. “If we keep going the way we’re going, we’re going to have to change our burn policies,” Fillmore said, his frustration apparent. “Four of the five calls we’ve been on this year could have been prevented very easily.” He said there have been several calls where those burning were not adequately prepared in the event their burns got out [...]
info2022-03-20T20:39:41-05:00March 20th, 2022|
Wichita Mayor Brandon Whipple said he hopes the shooting Friday at Towne East square can push the Wichita community to come together for change. “If there is a silver lining, let that be us coming together and really paying attention to problems in our communities so we can address them before they wind up to the level in which kids are shooting at each other,” Whipple said. Wichita police identified the 14-year-old killed in the shooting as Trenjvious Hutton on Saturday. Police also arrested a 16-year-old on a charge of second degree murder. Whipple said this shooting hits harder, because he [...]
info2022-03-20T15:39:25-05:00March 18th, 2022|
The housing situation in Salina is at a critical stage as more companies are moving into and expanding in Saline County. The community, through different people, organizations and industries, is tackling the issue together. Not a situation unique to Salina right now, the need for housing has picked up across the country for the past few years. This unity of the community in Salina is something that many people see as a positive practice going forward. “We’re coming at this from a unified perspective,” said Lauren Driscoll, director of community and development services for the City of Salina. “The projects that [...]
