The Week Ahead: Fed votes on rates, Aldermen mull stadium, Crown Town hits shelves

Federal Reserve Bank Chair Janet Yellen | Courtesy of Day Donaldson/Flickr
Federal Reserve Bank Chair Janet Yellen and the Federal Open Market Committee are widely expected to raise interest rates for the first time since before the Great Recession. | Courtesy of Day Donaldson/Flickr

Here’s a look at some of the stories Missouri Business Alert is tracking this week:

Monday

Boulevard Brewing Co. will begin to roll out its Crown Town Ale, a limited-release beer in celebration of the Royals’ World Series championship. Kansas City-based Boulevard first introduced the beer last year, in honor of the Royals’ American League championship, and it flew off shelves across the Kansas City area and around the Midwest.

Tuesday

The St. Louis Board of Aldermen will have a full board meeting. A board subcommittee voted Thursday in favor of a $150 million financing plan for the city’s proposed football stadium. The board gave the bill a second reading Friday, but no action was taken. Tuesday’s meeting follows allegations by Alderman Megan Green that stadium proponents offered bribes in exchange for support of the project.

The Missouri Development Finance Board, which helps with financing for infrastructure and economic development projects in the state, is scheduled to hold its monthly meeting. The agenda includes discussion of a requested line of credit for the St. Louis Regional Convention and Sports Complex Authority.

Wednesday

The Federal Reserve Bank wraps up the final Federal Open Market Committee meeting of the year. The committee is widely expected to raise interest rates for the first time since before the Great Recession. The committee’s two-day meeting will be followed by a press conference held by Fed Chair Janet Yellen.

NASB Financial, the Grandview-based bank holding company that owns North American Savings Bank, is expected to report quarterly results.

The Greater Kansas City Chamber of Commerce is holding a Racial Equity Forum to advance discussion about improving racial equity, creating a more inclusive community and building relationships among all races.

Thursday

The St. Louis Rams host the Tampa Bay Buccaneers in the Rams’ final home game of the 2015 season. With the future of the franchise in flux as owner Stan Kroenke eyes an escape to Los Angeles, there’s a chance the game could be the team’s final home contest in St. Louis.

Friday

The Kansas City Fed is scheduled to release its Manufacturing Survey. The monthly report provides information on current manufacturing activity in the Federal Reserve’s Tenth District.

Saturday

The 12 Bars of Charity, a holiday pub crawl to raise funds for local charities, will take place in Clayton. Last year, the event attracted more than 2,700 attendees and raised more than $28,000, according to organizers.


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