Hot inflation data pushes market’s rate cut expectations to September

11 Thursday, April 11

Hot inflation data pushes market’s rate cut expectations to September

info2024-04-11T07:31:07-05:00April 11th, 2024|

As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse some of the most aggressive policy tightening in decades. Three months of inflation data have brought those expectations back down to earth. March's consumer price index report Wednesday helped verify worries that inflation is proving stickier than thought, giving credence to caution from Fed policymakers and finally dashing the market's hopes that the central bank would be approving as many as seven rate cuts this year. Source: CNBC

11 Thursday, April 11

Public works director made interim city administrator of Hiawatha

info2024-04-11T07:28:19-05:00April 11th, 2024|

Public Works Director Brad Scott was made Interim City Administrator based on approval by all city commissioners at the end of Monday’s City Commission meeting. In the meanwhile as Scott serves in the interim position, he will also advertise the city administrator position. Mayor Becky Shamburg congratulated Scott for accepting the position. Source: City Government | hiawathaworldonline.com

11 Thursday, April 11

North Newton changes marijuana possession from misdemeanor to infraction

info2024-04-11T07:25:14-05:00April 11th, 2024|

People caught with a small amount of marijuana in their vehicles in North Newton will be issued a traffic infraction ticket if this is their first offense. North Newton City Council members unanimously passed 4-0 an ordinance amending the uniform public offense code for possession of marijuana on Monday night. Councilman Dennis Campbell was not at the meeting. Source: Harvey County Now

11 Thursday, April 11

Merriam latest JoCo city poised to tighten rules on AirBnbs

info2024-04-11T07:24:51-05:00April 11th, 2024|

The Merriam City Council on Monday mostly expressed interest in stricter regulations for short-term rentals — such as AirBnbs or Vrbos — within the city. This comes about a month after the city of Fairway approved stricter regulations for short-term rentals. Currently, Merriam treats short-term rentals the same as regular rental units, subjecting short-term rentals to landlord licensing and rental inspection requirements. Source: Johnson County Post

11 Thursday, April 11

Shawnee agrees to loan money to 2 new downtown businesses

info2024-04-11T07:24:30-05:00April 11th, 2024|

Shawnee City Council approved two forgivable loans for new businesses coming to the area.... Both loans come from the Shawnee Entrepreneurial and Economic Development grant program (SEED, which is a city-run program that provides one-time payments in the form of forgivable loans to businesses as part of the city’s efforts to encourage expansion of existing businesses and attraction of new employers, according to city documents. Source: Johnson County Post

11 Thursday, April 11

Bonner Springs creates STAR bond district for 180-acre Mattel theme park

info2024-04-11T07:23:45-05:00April 11th, 2024|

The Bonner Springs City Council laid the groundwork for tax incentives to support the development of a $490 million Mattel-themed entertainment hub near the Kansas Speedway. On Monday, the City Council unanimously approved the creation of a new sales tax revenue (STAR) bond district to support the potential creation of a Mattel-themed amusement park, three new hotels, a Christmas village and various other entertainment spaces. Source: Kansas City Business Journal

10 Wednesday, April 10

Kearny County students learn about fentanyl prevention

info2024-04-10T10:54:27-05:00April 10th, 2024|

Students in Kearny County learned about fentanyl prevention April 3 in two presentations, one at Lakin High School and the other at Deerfield High School. The 45-minute assemblies featured a new DARE fentanyl curriculum designed to teach students good decision-making skills that will help them lead healthy lives and cope with high-risk circumstances including drugs like fentanyl. The Kearny County assemblies were two of the first presented in the state of Kansas using the new fentanyl prevention curriculum. Presenters included Randy Combs, Kansas Attorney General’s office Statewide DARE Program coordinator; DARE officers, Deputy Kyle Carlisle and Detective Garnett Hartman; and Kearny [...]

10 Wednesday, April 10

10-year Treasury yield jumps back above 4.5% after March inflation tops estimates

info2024-04-10T10:53:36-05:00April 10th, 2024|

U.S. Treasury yields were little changed Wednesday, as investors looked out for the release of U.S. consumer inflation data later in the day, which could signal the outlook for interest rates. At 7:05 a.m. ET, the yield on the 10-year Treasury was almost flat at 4.358%. The yield on the 2-year Treasury was last at 4.739% after dipping by less than one basis point. Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. Investors awaited fresh inflation figures, as uncertainty about the path ahead for Federal Reserve monetary policy, specifically for interest rates, has grown [...]

10 Wednesday, April 10

Mulvane relaunching farmers market in April

info2024-04-10T10:52:34-05:00April 10th, 2024|

The Mulvane community will once again have a farmers market, with the Market on Main set to start for the season on April 14. It will be set up on Prather Street in downtown Mulvane, adjacent to Nessly Auto Park. Farmers, crafters, makers, home-based merchants and more will be taking part. Market dates are set for the second Sunday of each month, from 1-4 p.m., through October. Vendors are still sought, and those looking to sign up or for more information can visit mulvanechamber.com. Source: Derby Informer | Area

10 Wednesday, April 10

City of Wichita settles lawsuit for police department targeting people of color on gang list

info2024-04-10T10:51:39-05:00April 10th, 2024|

Tuesday morning, the Wichita City Council approved a settlement in a lawsuit its facing for the police department targeting people of color on its gang list. The federal lawsuit was filed in 2021 by Progeny, a local juvenile justice group. According to the lawsuit, WPD's gang list includes 5,200 people, 1,700 active members, 3,000 inactive, and 221 gang associates. The suit claims police target people on the list with frequent stops and searches over minor traffic violations. It also says there's a minimum bail of $50,000 if charged with a violent crime. It states black people make up 60% of Wichita's [...]