Is the Fed playing Where’s Waldo with the economy?

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr That is the question I pondered on Friday as I settled in for a long weekend at a lake house outside of Cooperstown, New York. As the Fed nudges the Fed Rate higher at what point will consumers expect a greater return for placing their deposits with you? Or as the WSJ put it in this great article ” For now, most bankers are happy to keep deposit yields low, standing pat even as the Federal Reserve hikes short-term rates. No one is sure, though, how long customers will tolerate that.”The chart accompanying this  blog (which I created using the FRED website) demonstrates that something really strange is going on here: on the one hand employment is that a 16 year low;  on the other hand inflation has Hardly nudged and wage growth has been anemic. Not surprisingly interest rates on  12 month certificates of deposit  are flat.History says it’s not supposed to be this way. After all, the Fed has gradually been raising rates and has signaled that it intends to start selling  all those mortgage back securities back into the economy, but despite impressive  job gains we haven’t seen the type of upward pressure on wages that would make raising rates the logical thing  for your credit union and the Fed to do  The WSJ reported that from a year earlier, average hourly earnings increased 2.5%, in July  thanks to a 9 cents-an-hour increase from the prior month. That is slower than normal in the past  quarter. In fact,  one of the reasons the market is booming is because it’s the only place persons planning for retirement can make any money off their money. continue reading »last_img read more

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Sumner County Weekly Jail Bookings: Oct. 13 – Oct. 20, 2014

first_imgMonday 0600  to  Monday 0600  WEEKLY   BOOKINGS 10/13/2014 thru 10/20/2014  Conway Springs  PD1 Griffis, Dustin M.26Wellington, KS610 E. Hillside Wellington, KSWPDServing Sentence10/18/14 Parrent, Justin O.33Wichita, KS610 E. Hillside Wellington, KSSUSOServing Sentence10/17/14 Weaver, Kevin C.34Wichita, KS1111 W 8th St. Wellington, KSWPDDUI, Refusal of PBT, Refusal to submit testing for 2nd DUI10/13/14 Brown, Melody M.39Indio, CA1100 N A St Wellington, KSSUSOObstructing apprehension of prosecution; Interference w/ LEO10/16/14 Wells, Jerry R.35Wichita, KS200 N C Suite 100 Wellington, KSWPDWarrant-Harrass by Telephone10/15/14 Mercer, Rex A.49Wichita, KS103 S 2nd Conway springs, KSCSPDViolation of Protection Order10/15/14 Worth, Paul D.56Lawrence, KSI35 MM 33 Mulvane, KSKHPDUI, Refusal of PBT10/16/14 Bookings Total57 Redford, Randall N.56Wichita, KS1000 N Poplar Wellington, KSWPDDUI, Improper driving on laned highway10/16/14 Amos, Season J.34Wichita, KS821 S. Jefferson, Wellington, KSSUSOInterference with LEO10/18/14 Hurt, Paul H.42Wichita, KS610 E. Hillside Wellington, KSSUSOServing Sentence10/17/14 Gressel, James R.20Holdridge, NB500 E 16th Wellington, KSWPDPossession of Opiate, Opium, Narcotic or certain stimulants; possession of drug paraphernalia10/16/14 Callaway, Curtis W.29Wellington, KS821 S Jefferson Wellington, KSWPDWarrant- Burglary, Theft10/18/14 Bergman, Lars L.28South Haven, KS610 E. Hillside Wellington, KSSUSOWarrant- Criminal use of Financial Card X4, Theft10/17/14 Sinclair, Zachary R.28Wichita, KS1100 E. 90th Ave N. Belle Plaine, KSBPPDDUI, TOC10/18/14 Hornecker, Dylan L.28Wellington, KS500 N G Wellington, KSWPDWarrant- FTA10/18/14 Sumner Newscow report — The following is the Sumner County Sheriff weekly jail bookings for Oct. 13 to Oct. 20, 2014:  Navagutierrez, Ricardo22Winfield, KS200 E Clark Oxford, KSOXPDDriving While Suspended10/19/14 Sedgwick Co35 Row, Michael A.26Wellington, KS610 E. Hilliside Wellington, KSSUSOServing Sentence10/18/14 Wellington PD7 Langford, Damon C.21Wellington, KS10th and Logan Belle Plaine, KSBPPDDUI, TOC10/20/14 NameAgeHome TownArrest locationAgencyChargesArrest date KHP1 Brown, Thomas C.32Braman, OK610 E. Hillside Wellington, KSSUSOServing Sentence10/17/14 Anderson-Stiles, Alice I.63Caldwell, KS425 W. 112th St. Caldwell, KSSUSOWarrant- Theft X210/17/14 Bryan, Lacrisha P.32Caldwell, KS610 E. Hillside Wellington, KSSUSOServing Sentence10/17/14         Ralph, Nicholas R.W.21Derby, KSSedgwick County JailSUSOBurglary, Theft (Felony), Burglary of a non-dwelling, Attempted Theft, Theft.10/16/14 Belle Plaine2 OXPD1 Sumner Co10last_img read more

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