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Federal Reserve Chair Jerome Powell said inflation had picked up but should move back toward the U.S. central bank’s 2% target once supply imbalances resolve.
June 21
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The Federal Reserve must be prepared to move if inflation continues to surprise to the upside, according to one Fed president, while another again stated a desire for the Fed to pull back on its accommodation.
June 21
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Limetree Bay Energy, the U.S. Virgin Islands' largest private-sector employer, was an important source of government revenue.
June 21
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L.A. Metro broke ground Monday on the long-awaited train station that will connect Los Angeles International Airport to the city's transit system.
June 21
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The U.S. Supreme Court's upholding Obamacare removes one potential headache for a healthcare sector still recovering from the COVID-19 pandemic's wounds
June 21
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Toll roads suffered tremendously from dips in traffic associated with the COVID-19 pandemic.
June 21
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Texas entered a new state of uncertainty when Gov. Greg Abbott cut off funds for the legislature while launching an online fundraising scheme for a controversial border wall.
June 21
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After a year of adjustments made as a result of the pandemic, Baylor University earned a positive outlook on $124 million of new-money revenue bonds.
June 21
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The city council is considering the city's budget, which gave preliminary approval to a roughly $5.2 billion spending plan that allocates $156 million for violence prevention programs. Council members expect to vote on the budget Thursday.
June 21
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The coalition wants the final budget signed by Gov. Gavin Newsom to include his broadband proposal, not the Legislature's.
June 21
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The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.
June 21
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Puerto Rico's government tells the court the Disclosure Statement should address the likelihood the legislature will not approve new bonds for the plan of adjustment since the plan cuts pensions.
June 18
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Illinois Gov. J.B. Pritzker signed the fiscal 2022 budget with good fiscal and market news in tow and announced his deputy for budget matters, Dan Hynes, is departing.
June 18
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The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.
June 18
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The Justice Department analysis was released Wednesday in conjunction with a House Natural Resources Committee hearing on two competing bills aimed at determining the territory’s future.
June 18
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Inflation risks may warrant the Federal Reserve beginning raising interest rates next year, St. Louis Fed President James Bullard said, backing an even-earlier liftoff than penciled in by many of his colleagues.
June 18
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Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.
June 18
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The state stands to become the 19th to legalize non-medical use of cannabis and along with it up to $97 million of new tax revenues by fiscal 2026.
June 18
