NEW YORK - U.S. inflationary pressures were lower in June, as the U.S. future inflation gauge slid to 101.0 from a revised 101.3 in May, originally reported as 101.0, according to data released Friday morning by the Economic Cycle Research Institute.
“With the USFIG falling for three straight months, U.S. inflation pressures are in a clear cyclical downturn,” ECRI Chief Operations Officer Lakshman Achuthan said in a release.
"Ceasefire optimism augmented by a liquidity-driven risk-on macro market environment should be neutral for duration and positive for credit spreads," BofA analysts wrote.
Federal Reserve Gov. Christopher Waller said Friday that the length of time the Strait of Hormuz remains blocked will be a key factor in the longer-term inflation outlook — and, by extension, the Federal Reserve's monetary policy path.
Florida PACE Funding Agency says it will have to default on its bonds unless the Florida Supreme Court takes quick action.
The IRS has sent a material event notice to the Hennepin Schools Building Company regarding the tax-exempt status of revenue bonds issued in 2021based on the non-filing of IRS form 990.
Otero County said the state Supreme Court's decision protects bonds that are paid off with revenue generated under an agreement with the federal agency.
Separately, the surface transportation bill could see a markup on April 29.
