The Federal Reserve Board said it will publish the July 2017 Monetary Policy Report to the Congress at 11 a.m., EDT, on July 7, in order to allow members of Congress and the public time to review the report in advance of Chair Janet Yellen's scheduled testimony on July 12.
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Yellen's opening statement will be released at 8:30 a.m. EDT on July 12.
Janet Yellen, chair of the U.S. Federal Reserve, speaks at the National Community Reinvestment Coalition conference in Washington, D.C., U.S., on Tuesday, March 28, 2017. Yellen said challenges remain in the U.S. labor market, including concentrations of elevated joblessness in poor and minority communities, as she pushed for better education and training so the economy works for all Americans. Photographer: Andrew Harrer/Bloomberg
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Munis saw small gains Thursday, continuing the slight turnaround in sentiment the market has seen this week, with muni yields seeing modest bumps each day, said Jeremy Holtz, a portfolio manager at Income Research + Management.
The city is in danger of defaulting on bonds in the next fiscal year, according to Local Government Commission officials who say they will intervene if needed.
A presidential address does nothing to quell the price of crude oil as states are now calculating the effects of rising fuel prices on their tax revenues.
Judge Laura Taylor Swain is allowing the continued examination of a count in which a trustee is challenging fees, and some proceeds, of pre-bankruptcy bonds.