NEW YORK - The Fed is not achieving either part of its dual mandate, Federal Reserve Bank of Chicago president and chief executive officer Charles Evans repeated Friday, according to prepared text of a speech for delivery to the Indiana Bankers Association Economic Outlook Forum, which was practically the same as his speech earlier in the week to an Illinois Rotary Club gathering.
Issuance continues to drive performance in the muni market. Despite Friday's run-up in USTs, muni yields adjusted "less dramatically," said Ajay Thomas, head of public finance at FHN Financial.
"I would say we were pleasantly surprised that there aren't mandates that are laced in this proposal," GFOA's Emily Brock said.
Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."
The developer faces no penalties from the missed interest payment.
The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.
The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.
