The unemployment rate will drop below 6.5% by the third quarter of 2015, but the inflation threshold won't be breached for some time after that, Federal Reserve Bank of Cleveland researchers Edward Knotek and Saeed Zaman estimate.
There is a chance that at least on threshold will be breached in the first quarter of 2015, the researchers said in
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.
