Fed signals further rate hikes amid inflation fight
The Federal Reserve raised its policy rate to 0.25 to 0.5 percent at the March meeting, with markets expecting another half-point increase at three upcoming meetings. ADP data estimate April private payrolls near 375,000, signaling a fourth straight decline after December's surge, as the labor market remains tight. Nick Bunker of Indeed Hiring Lab notes the job seekers market persists despite openings at 11.5 million in March.
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Stocks Hold Modest Gains Ahead of Fed Rate Decision
Stocks closed with small gains on Tuesday after a choppy session as investors awaited the Federal Reserve’s policy stance. The S&P 500 and Dow showed modest advances while traders priced in potential rate hikes at the upcoming meeting.
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Solar farm rules advance in Douglas County
At an April 20 meeting Douglas County commissioners gave preliminary approval to solar farm rules pending a minor grading change. The plan caps solar farm size at 1,000 acres and sets setback rules from roads homes and structures. Final approval would lead developers like NextEra to file site plans and trigger hearings by the Lawrence Douglas County Planning Commission and County Commission. The 5:30 p.m. meeting at the Douglas County Courthouse 1100 Massachusetts St. will also be available on Zoom.
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River restoration grants fund Kaw collaboration project
Friends of the Kaw Native Lands LLC and Eudora Parks and Recreation lead a river restoration collaboration funded by Natural and Cultural Heritage Grant dollars from the Douglas County Heritage Conservation Council. The group received 120865 dollars across four grant years 2014 2016 2018 and 2020 for Wakarusa Riverbank work and similar Kansas River watershed restorations plus educational programming on history and conservation action.
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