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Federal Reserve Bank of Kansas City President Esther George said she expects the central bank to raise interest rates to 2% by August, with the further course of tightening being guided by how surging inflation cools off.
May 24
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NOTICE IS HEREBY GIVEN to the holders of the above captioned bonds (the “Bonds”) identified below, pursuant to the provisions of the General Turnpike Revenue Bond Resolution adopted by the Authority on April 18, 1991, as amended and supplemented to date (as so amended and supplemented, the “General Resolution”) that the Bonds identified below (the “Redeemed Bonds”) are hereby called for redemption prior to maturity and will be redeemed on July 1, 2022 (the “Redemption Date”) at the redemption price set forth below, plus accrued interest to the Redemption Date.
May 24 -
Federal Reserve Bank of Atlanta President Raphael Bostic said policy makers could potentially pause interest-rate increases in September after hiking by a half point at each of their next two meetings.
May 23
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Fixed-income markets have had a tough 2022 but municipal bonds have been among the ones that have struggled the most.
May 23
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The latest Congressional effort challenging the state and local tax deduction cap would stop the IRS from restricting state legislation that offsets the policy.
May 23
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Toll roads, registration fees and mileage-based fees are seen as the most sustainable options for replacing declining fuel tax revenue, but feasibility issues and political pressures complicate the way ahead.
May 23
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Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.
May 23
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The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.
May 23
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Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.
May 23
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The U.S. economy needs supply-side interventions rather than interest-rate hikes by the Federal Reserve that will fail to bring inflation under control, said Nobel laureate economist Joe Stiglitz.
May 23
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Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays strategists say.
May 20
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Several states have passed, or are considering, legislation to bar local governments from making payments to criminals who hold computer systems hostage.
May 20
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The authority will takes steps to raise $1 billion to address expected growth of expenses.
May 20
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A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.
May 20
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The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.
May 20
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The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.
May 20
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The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.
May 20
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