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The Federal Reserve will go forward with plans to swap debt, to lower interest rates even more. It's a move to lower interest rates on everything from mortgages to business loans. News of the stimulus, caused the market to close down 283 points. Troy Reinhart with Northwest Quadrant Wealth Management offers his analysis of what happened: “The market got what they wanted. This is called a twist.   It’s not unexpected. But like my 13 year old daughter, it got what it wanted and that wasn't good enough and that's part of what went into it.”  Some Republican lawmakers sent Federal Chair Ben Bernanke a letter Tuesday warning about further steps to lower interest rates. They fear it could escalate the risk of inflation.

 

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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