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If the economy grows as expected, further rate hikes will be necessary, although they should be gradual, not one every Federal Open Market Committee meeting, Federal Reserve Bank of Cleveland President and CEO Loretta J. Mester said Monday.

The fed funds rate target is not far from the appropriate level, given the low natural rate of interest, Federal Reserve Bank of St. Louis President James Bullard said Monday.

The sale of Illinois' Chicago headquarters is the latest issue caught in political gridlock.

S&P dropped $244 million of bonds issued for an Indiana P3 further into junk territory.

Puerto Rico Gov. Ricardo Rosselló and his financial advisors are insisting that the Title III judge cannot review the amount of debt that Puerto Rico will pay in the next ten years.

Municipal market volume is set to rise to a nine week high, as issuers tap into growing demand for the securities.

Federal Reserve Bank of San Francisco President John Williams said his outlook hasn’t changed: he still expects three or four rate hikes and the beginning of reducing the Fed balance sheet to begin later this year.

GFOA tells local finance officials about the new issue price rules that tax effect on June 7 and how they will change the process of selling bonds.

Albany N.Y. was revised to stable from negative by S&P Global Ratings.

Moody’s Investors Service placed an Indiana school district on review for upgrade after the state changed its school credit enhancement program.

With the economy recovering, now is the time to reflect on monetary policy framework and strategy and seriously consider flexible price-level targeting, Federal Reserve Bank of San Francisco President John Williams said Friday.

While policy rules have their merits, policymakers should not apply them “mechanically,” and committees offer benefits rules can’t, Federal Reserve Vice Chair Stanley Fischer said Friday.

Jay Clayton became the 32nd chair of the SEC after being sworn into the rule on Thursday.

The MSRB has released guidance explaining how its rules relate to solicitor municipal advisors.

The CHOICE Act cleared the House Financial Services Committee and will move to the full House.

The next municipal securities rules to be released from the IRS will be those on the public approval process for private activity bonds and they will be more flexible than previously proposed rules.

A judge has approved a settlement between the SEC and lawyer Robert Crowe over pay-to-play charges.

The SEC told a federal judge that it may be nearing a settlement in a case over fraudulent bonds.

The Federal Open Market Committee held rates at 0.75% to 1%, with no dissents, while offering no clues as to what the June meeting holds.

Fitch Ratings said it has downgraded Puerto Rico Aqueduct and Sewer Authority bonds to C from CC.