The Federal Reserve should not raise interest rates this year, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota repeated Friday.
Speaking on CNBC, he repeated his view that it will take years for inflation to reach the Fed's 2% target, and further stimulus rather than a rate hike is in order. "I don't see a near-term increase in interest rates as being appropriate, and by near-term I mean really through the course of 2015."
"Bond market investors are all wishing that April was behind us as they are anxious to hear the Fed's statement at its next FOMC meeting," noted BofA Global Research. "The statement should be no surprise as the market consensus has converged to 'higher for longer' rates.
CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
