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The U.S. central bank should raise interest rates as fast as it can without causing undue harm to financial markets or the economy, said Federal Reserve Bank of Richmond President Thomas Barkin.
June 21
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Federal Reserve Bank of Cleveland President Loretta Mester said the risk of a recession in the U.S. economy is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.
June 21
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Dave Erdman has become one of the top issuer voices in the public finance community. As he heads off this summer into the private sector, Erdman reflects on his time on the GFOA's influential debt committee. Caitlin Devitt hosts. (14 minutes)
June 21
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Investors will be greeted Monday about $6.4 billion of new issuance led by triple-A Georgia general obligation bonds and Los Angeles notes.
June 17
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The laws raise borrowing costs for issuers and limit the distribution networks, according to a study.
June 17
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The Federal Reserve said it would do what is needed to get prices under control, reiterating that price stability is necessary to support a strong labor market and calling its commitment to reining in inflation “unconditional.”
June 17
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Federal Reserve Bank of Kansas City President Esther George said she opposed the Fed’s biggest interest-rate increase in almost three decades because the move, combined with the shrinking of the central bank’s balance sheet, created uncertainty about the outlook.
June 17
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Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.
June 17
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The finance team is already lined up for the first of multiple issuances of bonds to help launch the first phase of the $9.5 billion New Terminal One project.
June 17
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It's the third time this month that the SEC has announced charges against city officials for disclosure-related violations.
June 17
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Monday's massive selloff contributed to investors pulling more out from the mutual fund complex. Exchange-traded funds saw $1 billion of outflows and high-yield investors yanked out $1.7 billion.
June 16
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If the inflation figures begin to move lower, then there is a reasonable chance of working through this cycle of rising rates without experiencing a recession.
June 16
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The Oversight Board has issues with the joint resolution.
June 15
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The 75 basis point hike, prompted partly by hotter-than-expected inflation data, is the largest since 1994.
June 15
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As interest rates rise and muni yields trend higher, the Peach State is set to competitively sell its triple-A rated municipal bonds.
June 15
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The Securities and Exchange Commission has charged the City of Rochester, New York, its former finance director, former CFO and their municipal advisor with misleading investors in a $119 million bond offering.
June 14
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Triple-A yield curves rose five to eight basis points. Volatility somewhat eased Tuesday as investors took pause ahead of the Federal Open Market Committee meeting.
June 14
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The bill, which would overturn a 2017 law, is awaiting Gov. Pedro Pierluisi's signature to become law.
June 14
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More budget haggling is anticipated before Gov. Gavin Newsom signs the budget. The state's fiscal year begins on July 1.
June 14
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The departure comes amid Spanish reports that financing for what aims to be the nation's first bullet train is "in hibernation."
June 14
