WASHINGTON — Recent problems in the subprime mortgage market, remind how critically important it is for individuals to become financially literate at an early age “so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace,” Federal Reserve Board chairman Ben Bernanke said yesterday.
Bernanke’s remarks during this press conference did not include any statements on current monetary or economic policy.
— Market News International
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
