increases

Left to right: Aaron Black, budget director for Gov. Sarah Huckabee Sanders, and Kay Barnhill, director, Office of Personnel Management, testify before the personnel subcommittee of the Legislature's Joint Budget Committee on Thursday, Jan. 19, 2023. (Screenshot)

Arkansas legislative panel approves pay changes requested by Sanders

BY: - January 19, 2023

A legislative budget subcommittee approved salary increases for several members of the governor’s cabinet and accepted new salary ranges for five newly created positions on the governor’s staff.   The five new classifications cover the governor’s chief of staff, two deputy chiefs of staff, public affairs director and chief legal counsel with authorized salary ranges between […]

COMMENTARY
A "For Sale" in front of a house. Mortgage rates have fallen over the past month but remain above 2021 levels, leaving homes sitting on the market longer than during the pandemic boom.

The Fed hiked interest rates for the 7th time this year, so why are mortgage rates coming down?

BY: - December 15, 2022

The Federal Reserve raised interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing costs in the economy, by 4.25 percentage points from a low […]