News – Page 970 – Ranson Financial Group LLC

Fed raises rates by another three-quarters of a percentage point, pledges more hikes to fight inflation

info2022-09-22T07:12:06-05:00September 22nd, 2022|

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring down inflation running near its highest levels since the early 1980s, the central bank took its federal funds rate up to a range of 3%-3.25%, the highest it has been since early 2008 following the third consecutive 0.75 percentage point move. ... Along with the massive rate increases, Fed officials signaled the intention of continuing to hike until the funds level hits a "terminal rate," or end point of [...]

Governor Laura Kelly Celebrates Goodyear Tire Investing $125 Million in Topeka, Adding 40 New Jobs

info2022-09-22T07:27:34-05:00September 22nd, 2022|

Governor Laura Kelly today announced the Goodyear Tire and Rubber Co.’s decision to invest $125 million and hire 40 new employees at its Topeka plant as part of modernizing its Kansas facility, which has been in operation since 1945. This announcement comes during Governor Kelly’s ‘Prosperity On The Plains’ tour promoting economic development. “Goodyear’s expansion shows that our laser-like focus on creating jobs and supporting manufacturers benefits Kansans across the state,” Governor Laura Kelly said. “Now, 40 more Kansans will have quality jobs and $125 million will be brought into our communities, reinforcing our state’s ability to compete – and win [...]

Fed rate hike pushes 2-year UST above 4%; munis slow to respond

info2022-09-22T01:47:13-05:00September 22nd, 2022|

Municipals were mixed after the Federal Open Market Committee implemented a third straight 75 basis point rate hike as it continues to combat inflation, pushing the two-year U.S. Treasury above 4% while the 10-, 20- and 30-year made gains. Equities ended in the red. The FOMC raised the fed funds rate target 75 basis points to a range of 3% to 3.25%, as expected, and members are leaning toward a rate of 4.4% by yearend and 4.6% next year. The post-meeting statement acknowledges upcoming hikes, saying the FOMC "anticipates that ongoing increases in the target range will be appropriate." Source: The [...]

Greater Andover Days festival coming up

info2022-09-22T01:45:24-05:00September 22nd, 2022|

Routinely put in the fourth weekend after Labor Day, this year’s Greater Andover Days will be held Sept. 30-Oct. 2. The three-day festival will include fun, food and entertainment for the entire family – with over 5,000 attending annually. Among the attractions planned this year are a food court, KidFest activities, photography contest, golf tournament, pickleball tournament, hot dog eating contest, parade, fishing clinic, car show, carnival, live entertainment and more. Source: Derby Informer | Area

Audit reveals two-thirds of broadband aid allocated to southern Kansas

info2022-09-22T07:32:32-05:00September 22nd, 2022|

Nearly two-thirds of $48.5 million in COVID-19 funding earmarked for expansion of broadband services to Kansas homes and businesses was invested in upgrading internet connectivity in the southern half of the state, according to an audit report released Sept. 14. The Kansas Legislature’s auditing arm told a joint House and Senate committee the three southern regions of the state absorbed 35 of 66 grants, or $30.4 million approved by Gov. Laura Kelly and legislators on the State Finance Council. The four northern regions took on the balance of the projects, budgeted at $18.1 million. Source: Derby Informer

Locals and visitors continue to use Harvey County parks in record numbers

info2022-09-22T07:13:04-05:00September 22nd, 2022|

Usage at Harvey County’s three parks remains as high as ever as people continue to opt for outdoor entertainment during the COVID-19 pandemic. “Probably the last three years since COVID started have kind of been record years for us,” Parks Director Kass Miller said. Miller said the parks remained full on the weekends, with East Park being the busiest, but the volume of people at West Park has increased, too. He said a majority of patrons were from out of the county. East Park attracts most of its visitors from Sedgwick County, and West Park pulls in a lot of folks [...]

Wind Energy rep says proposed regulations would kill project

info2022-09-22T01:39:35-05:00September 22nd, 2022|

After more than 40 people got their say, the Harvey County Planning Commission approved 18 pages of regulations governing wind turbines and other alternative forms of renewable energy during a Sept. 14 meeting at the Meridian Center. More than 200 people attended the meeting, and a majority of those who spoke asked for more stringent requirements than those that were approved. A handful of others expressed support for NextEra Energy’s proposal to develop a wind farm in the county, but that project appears dead on arrival based on the 1,500-foot setbacks that were approved. NextEra Energy representative Fiona Bagwell after planning [...]

Thousands throng to Hillsboro

info2022-09-22T07:49:18-05:00September 22nd, 2022|

The streets of downtown Hillsboro had the biggest traffic jam of the year Saturday with 180 arts and crafts vendor booths lining four blocks of Main St. and two blocks of Grand Ave. So many people crowded onto the streets that it was difficult to find a place to walk. Parking spots weren’t easy to find. Lots charged $3 to $10 for use. Source: HILLSBORO Star-Journal

Construction gets rolling on Lenexa Justice Center that will house police, court facilities

info2022-09-22T07:49:34-05:00September 22nd, 2022|

Construction on the $73 million Lenexa Justice Center has started on schedule at the southwest corner of Prairie Star Parkway and Britton Street. The facility is set to open in the spring of 2024. The Justice Center will house the city's police department, municipal court, information technology server room and communications unit. It also will have space for training and vehicle storage, as well as a firing range. The 117,785-square-foot facility will be located on 36 acres just south of Lenexa City Center. Lenexa chose the site because of its central, accessible location. The area also offers undeveloped land that could be [...]

Downtown Hiawatha comes to life with annual Maple Leaf Festival

info2022-09-22T07:49:55-05:00September 22nd, 2022|

Downtown Hiawatha is the place to be on Saturday for the annual Maple Leaf Festival. Sponsored by the Hiawatha Chamber and Visitors Bureau, the Maple Leaf Festival promises more than 60 craft and food vendors, inflatables and other children’s activities, the Kansas Children’s Discovery Center, live music, a car show and much more. Events kick off at 10 a.m. and continue until 5 p.m. around the courthouse square. Streets will be blocked off around the square for the occasion. The Brown County Historical Society trolley will be picking up festival-goers on the Southwest side of the courthouse square for free rides [...]