NEW YORK - Public contingency planning should be part of the Federal Reserve’s strategy going forward, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Tuesday.
In a speech to CFA Winnipeg, Kocherlakota pretty much repeated his Nov. 8 speech where he urged the Federal Open Market Committee to “provide clear guidance on how it will respond to a variety of relevant scenarios.”
With the "fragile" ceasefire in the United States-Iran conflict underway, the risk of higher rates beyond those from March has largely been removed, said BofA strategists.
Less than two weeks after Washington Gov. Bob Ferguson signed a new tax on annual income over $1 million, a lawsuit has been filed seeking to overturn it.
The state does not have the bonding capacity to independently rebuild the American Legion Bridge, the feds say. The state continues to hope for a federal grant to help cover the cost.
During the two-week ceasefire anything could still happen and a "blow up" would create significant volatility, said Kevin McGuigan, director at Municipal Market Analytics.
Credit ratings agencies, consultants and budget analysts are beginning to calculate, costs, risks, and remedies associated with cuts to Medicaid prescribed by the One Big Beautiful Bill Act.
Moody's said the $350 million of Series 2007 Class I bonds are on review for further downgrade.
