The yield curve could invert later this year or next year, according to Federal Reserve Bank of St. Louis President James Bullard, but it is only a sign of a coming recession if it stays negative for a meaningful period of time.
Speaking to reporters at the Eurmoney conference, Bullard said there's quite a lag between yield curve inversion and recession so "there would be time to debate" how to avoid the downturn.
Gov. Josh Stein wants to retain control over the majority of appointments to the North Carolina Utilities Commission.
Lawmakers are putting the final touches on the budget, and Gov. Kathy Hochul said there is broad agreement. Federal cuts may yet scramble everything.
"For munis, a strong jobs report should reverse recent credit spread widening, while a weak jobs report should keep credit spreads around current levels," said BofA strategists.
As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.
The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.
Part of the problem is lack of reimbursement from insurance companies, said the owner of one proton center.
