Organization Root Tag

Former Federal Reserve Vice Chair for Supervision Randal Quarles, who served during President Trump's first term, said members of the Fed board should be removable by the president, but that the decentralized structure of the Fed will ensure that monetary policy decisions remain sound.

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.

Moody's Ratings cited a substantial fall in unrestricted liquidity for the two-notch downgrade. Moody's also placed the rating on review for another downgrade.

"I find this a very encouraging appointment," Peter Chan, a partner at law firm Baker McKenzie, said of Woodcock's appointment.

The exemption from state income taxes for Native Americans who live and work on federally designated tribal reservation land was at issue in the case.

S&P cited repeated draws on reserves for the lowered outlook.

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.

Despite declining enrollment, Texas school district paper remains popular among investors because of the AAA-rated Texas Permanent School Fund pledge.

Capital needs and state actions were on the minds of two top local government officials at The Bond Buyer's Public Finance Conference in Austin.

The tax could result in an increase in demand for the state's municipal bonds.

S&P cited the system's structural challenges, physical risk exposure and uncertainty about the system's overall financial and operational trajectory.

Three negative outlooks and choppy market conditions weren't ideal conditions for a massive $2.6 billion bond issuance, which was trimmed to $2.3 billion.

The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.

The MTA's goal to monetize its vast property portfolio could bring 300 homes to Crown Heights. 

"You would think global instability leads to flight for quality, but you also have the inflationary pressures that come with higher oil prices. I would say the inflationary pressures have been winning, and that's why you're seeing Treasury and muni rates move higher," said Keith Richard, head of public finance at Siebert Williams Shank.

The weakness in fixed-income markets comes after stocks and bonds saw strength Monday following President Donald Trump's announcement of a five-day pause on strikes on Iranian power plants amid talks between the two countries.

José Torres, senior economist at Interactive Brokers, breaks down the FOMC decision and Fed Chair Jerome Powell's press conference.

"This is the largest flood we have had in 20 years," said Hawaii Gov. Josh Green.

Three rating agencies now have negative outlooks on New York City.