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Former U.S. Treasury Secretary Lawrence Summers warned that the Federal Reserve will likely be pressured into raising interest rates sooner than markets expect, and perhaps as early as next year.
February 19
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Federal Highway Administration officials have told the mass transit agency they would fast-track an environmental review process.
February 19 -
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Muni yields have climbed double-digit basis points in a week but technicals remain strong. Refinitiv Lipper reports $1.96 billion of inflows into municipal bond mutual funds.
February 18
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Net revenues in the first six months were $5.19 billion. Without postponed income tax revenues from the prior fiscal year, this figure would have been $4.711 billion.
February 18
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The city, struggling amid a pandemic-induced deficit, received a negative outlook from Kroll Bond Rating Agency ahead of the deal.
February 18
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From the return of advanced refundings to a direct-pay bond option, Michael Decker and Brett Bolton highlight the work the Bond Dealers of America are focused on in 2021, and the challenges and ultimate resilience of the municipal market since the onslaught of COVID. Lynne Funk and Kyle Glazier host. (30 minutes)
February 18
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The governor has formed an Office of Climate Action and the Green Economy, while committing $100 million for clean-energy initiatives that include vehicle electrification.
February 18
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Gov. J.B. Pritzker's says potential federal funding relief would go first to pay down short-term debts likes its Federal Reserve borrowing and the state's bill backlog.
February 17
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Federal Reserve Bank of Boston President Eric Rosengren said he doesn’t expect to see sustained 2% inflation for the next two years so long as U.S. unemployment remains high.
February 17
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The municipal secondary gave way to higher-yields and triple-A benchmarks rose two to five basis points. U.S. Treasuries pared back Tuesday's losses, even on the heels of better economic data.
February 17
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The consequences of not passing infrastructure legislation in the next few months may be dire.
February 17
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The operating environment is dramatically different than it was pre-pandemic and presents all-new challenges for financial institutions. Tried-and-true strategies that led to high performance for many years are no longer going to be successful. Join Bonnie McGeer, Executive Editor of American Banker, and Claude Hanley, Partner at Capital Performance Group, as they highlight important trends and comb through data from top-performing banks across the country for insights that will help regional and community financial institutions thrive in 2021. Executives will learn what metrics will be most critical to focus on to maintain high performance going forward.
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Federal Reserve officials did not see the conditions for reducing their massive asset-purchase program being met for “some time” at their January policy meeting, a record of the gathering showed.
February 17
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Puerto Rico private sector employment had an even more serious contraction in 2020 on the island than it did in the United States as a whole.
February 17
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The Federal Transit Administration rescinded a Trump administration policy that refused to count as a local cost-share the payments by New York and New Jersey on a proposed federal loan.
February 17
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"We need to make realistic assumptions regarding our ability to achieve expected returns in the future," said North Carolina State Treasurer Dale Folwell.
February 17
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Illinois will square off with lawyers representing John Tillman next month in his 2019 case seeking to void bonds issued to fund pensions and pay down bills.
February 17
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Federal Reserve officials said the economy continues to be disrupted by the pandemic with one regional central bank chief dismissing the threat that inflation could get out of hand.
February 17
