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Economy


United Auto Workers Expands Strike; Progress Made With Ford

Posted September 25, 2023 The United Auto Workers union expanded its strike on Friday, adding about 5,600 workers to the 12,700 workers currently on strike, as negotiations with the Big Three; General Motors, Ford and Stellantis, continue as the strike… more

Goldman Sachs Now Predicts Fed To Cut Interest Rate In Q4 2024

Posted September 21, 2023 Goldman Sachs economists now expect the U.S. Federal Reserve to begin cutting interest rates in the fourth quarter of 2024, compared to their previous prediction of second quarter cutting, following the Fed’s decision to keep rates… more

Region’s Economy Index Slows in September, Bankers Expect Conditions to Worsen

Posted September 21, 2023 Creighton University released its Rural Mainstreet Index (RMI) report for September showing for the first time since March of this year, the overall index sank below growth neutral. The region’s overall reading for September fell to… more

Pandemic Fraud Likely Reaches $135B Unemployment Relief

Posted September 18, 2023 The U.S. Government Accountability Office estimates somewhere between $100 billion and $135 billion of unemployment insurance fraudulent activity occurred during the pandemic, according to a report released Tuesday. The amount of stoled aid would account for… more

Goldman Sachs Group Inc. Cuts U.S. Recession Chances to 15 Percent

Posted September 14, 2023 Goldman Sachs Group Inc. reports that the U.S. chances of slipping into recession are now at 15 percent, down from its previous estimates. The decreased prediction comes following a cooling in inflation in recent months, furthermore,… more

Sen. Josh Hawley Proposes Bill to Combat Credit Card Interest Rates

Posted September 14, 2023 A new legislation from Senator Josh Hawley (R-Mo.) was introduced on Tuesday in an effort to cap credit card interest rates in the wake of climbing consumer credit card debt. The bill, Capping Credit Card Interest… more

PayIt Is Now The Statewide Vendor For Massachusetts Commonwealth

Posted August 31, 2023 Kansas City-based PayIt LLC announced Wednesday it will be adding its digital payment services to Massachusetts. PayIt specializes in software that allows residents to submit forms digitally to local, county and state governments. Massachusetts residents can… more

Survey: How Much Is The Living Wage for Missouri, Kansas

Posted August 31, 2023 A survey released Monday outlines how much individuals in each state need to earn as a comfortable living wage. Both Missouri and Kansas are among the top states with the lowest income necessities. The survey was… more

June Figures Hint of Home Price Rebound

Are U.S. home prices beginning to recover? New data from the  S&P CoreLogic Case-Shiller national home price index hints that things in the housing market may be turning, after prices on a monthly basis rose in June. Prices were unchanged… more

Rural Mainstreet Index Halts To Neutral Growth In August, KS and MO Indexes Sink

Posted August 17, 2023 Creighton University released its Rural Mainstreet Index (RMI) report for August showing the region slumped to growth neutral and both Kansas and Missouri experienced drops in the month. After four straight months of above-growth neutral readings,… more