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Interest rates are nearing the neutral level — the rate that neither stimulates nor restrains economic growth — Federal Reserve Board Chair Jerome Powell said Wednesday.

Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market.

Service sector “grew slightly in November,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Wednesday.

The transaction will restructure about $4 billion of Government Development Bank debt.

Manufacturing growth in the central Atlantic region “grew moderately in November.”

Brock, the deputy director of the state's retirement system, will succeed Patrick Marr, who is moving to the private sector.

The U.S. economy remained on a solid footing in the third quarter, matching previously reported results.

Treasury Secretary Steven Mnuchin privately asked bond dealers and investors whether they want the Federal Reserve to tighten monetary policy by raising interest rates or through faster cuts in its securities portfolio.

Federal Reserve officials on Tuesday sprinkled small doses of concern into otherwise upbeat assessments of the U.S. economy.

President Trump stepped up his attacks on the Federal Reserve Board and its chairman, Jerome Powell, blaming the central bank for declines in the stock market.

Rep. Rob Bishop wants a simple up or down vote on statehood.

Deals for retail and institutions priced into a stronger market, paving the way for bigger issuance as the week progresses.

Both S&P Global Ratings and Fitch Ratings dropped the New York suburban county to AA-plus from AAA.

In a recent Fitch Ratings report, analysts studied ways autonomous vehicles could impact parking structures in cities.

The state plans to price $190 million of general obligation highway capital improvement bonds.

Fitch placed the A-plus rating on credit watch negative a week after CMEEC announced its own probe into embezzlement allegations.

The lame duck session of Congress that convened this week may include passage of a tax bill released Monday night by Rep. Kevin Brady, R-Texas, the outgoing chairman of the House Ways and Means Committee.

The county, through a conduit issuer, will price $198.2 million in lease revenue bonds for its new civic center.

The municipal market saw the first issuance of the week come trickling in as it was finding its footing ahead of a flood of issuance in the next few days.

A junk-rated $112 million deal without state backing will test the market's perceptions of the city's recovery from its Chapter 9 bankruptcy.