Big Turnaround In Fed’s Projected Path For Rates
By EUGENIO J. ALEMAN
Raymond James Chief Economist
The risks to our forecast and to the US economy increased considerably after the latest statement from the FOMC with its updated projections for the path of interest rates. As an example, the March 2022 projection for the federal funds rate for 2022 was 1.9%, which was still below what is currently called the ‘neutral’ level for the federal funds rate.
However, in this new projection, the FOMC estimates the “projected appropriate policy path” to be 3.4% for 2022, which is a highly restrictive level. Furthermore, for 2023, the path for the federal Read More
On The Job In Los Alamos: Mairen Hoch At McDonald’s
On the job in Los Alamos Monday is Los Alamos High School junior Mairen Hoch. A new employee at the fast food chain on Trinity Drive, Hoch started working June 13 in the drive-through window. Photo by Kirsten Laskey/ladailypost.com Read More
Enterprise Bank Hosts Business After Hours Luau Event
Enterprise Bank & Trust Client Advocate Elizabeth Bailey, left, and Enterprise Bank Los Alamos Region President Liddie Martinez welcome community members to the Chamber of Commerce Business After Hours event hosted by the bank June 8. The luau themed event featured Bob’s Bodacious BBQ and libations from Bathtub Row Brewing Co-op. Photo by Bonnie Gordon/ladailypost.com
From left, Enterprise Bank Administrative Assistant Donavan Price and Bob’s Bodacious BBQ co-owner Gayle Cunningham. Photo by Bonnie Gordon/ladailypost.com
From left, local businessman Jim Hall, Los Alamos Daily
New Mexico One Of Seven States To Receive Federal Grant To Reach Marginalized Communities For Unemployment Insurance Benefits
Sen. Ben Ray Luján
NMDWS News:
ALBUQUERQUE — The U.S. Department of Labor (USDOL) has awarded New Mexico a Navigator grant of $2.8 million to expand outreach and support for Unemployment Insurance (UI) benefits in marginalized communities.
“As our communities continue to recover and rebuild, it’s critical New Mexicans have access to services like Unemployment Insurance,” Sen. Ben Ray Luján said. “That’s why I’m glad this strong investment from the American Rescue Plan will help expand outreach and improve accessibility to these services as our state continues to move forward in the recovery Read More
SBDC Hosts New Business Workshop
Courtesy/SBDC
SBDC News:
Have an idea for a new business?
You can make it happen, with a little help from your friends at the SBDC. Find out more at their no cost workshop.
Unsure of how to get started?
Join SBDC at UNM-Los Alamos 5:30-6:30 p.m. Monday, June 27.
Discussions will include ideas, first steps, expectations, and free support available to you as the new and/or aspiring entrepreneur.
Seating is limited, so please register at nmsbdc.org at training.
Farm Fresh Eggs At Farmers Market Thursdays & Saturdays!
JMEC Submits New Rate Increase Proposal
JMEC News:
ESPAÑOLA — Jemez Mountains Electric Cooperative, Inc., (JMEC) filed an amended rate increase application June 10, with an updated cost of service study as ordered Feb. 23, by the New Mexico Public Regulation Commission (PRC).
JMEC’s rates for the average (722 kWh) residential user would be the third lowest among all 11 New Mexico electric cooperatives served by Tri-State Generation and Transmission Association, Inc.
“It will have been 10 years since the last rate increase went into effect,” said Michael Hastings, JMEC CEO and general manager. “In that time, the U.S. consumer price Read More
Another View Of The Black Hole Demolition Underway
Another view of The Black Hole demolition underway today at 4015 Arkansas Ave. Photo by John McHale/ladailypost.com Read More
Check Out This Week’s Open House
Hermits Peak Fire Smoke Towers Over Camel Rock Studios
A smoke plume from the Hermits Peak/Calf Canyon Fire towers over Camel Rock Studios Tuesday in Pojoaque. Photo by Jim O’Donnell Read More
