Washington

Current interest rates offer arbitrage opportunities and challenges to bond issuers.

Panelists at this year's GFOA Minimuni Conference remarked on how difficult an environment it is for issuers and why recognizing this is essential for voluntary disclosure.

Despite the sticker shock of rising rates, yields in fact are at average levels for over the last 30 years, panelists said at the GFOA's MiniMuni conference.

Mitigation efforts can't always prevent a ratings drop.

Officials from the Governmental Accounting Standards Board said that adhering to the Financial Data Transparency Act may make things more complicated.

"Financial markets are tightening up and they are going to do some of the work for us," Federal Reserve Gov. Christopher Waller said in a conversation moderated by Paul Ryan.

The Federal Reserve is expected to pause at its September meeting. Jeff Timlin, a managing partner at Sage Advisory, will join us on Sept. 21 to provide analysis of the meeting.

Daly said the neutral interest rate — also known as R-star — may be higher now than it was before the pandemic

Despite recent improvements, "inflation remains well above the FOMC's 2% target. Domestic spending has continued at a strong pace, and the labor market remains tight," Bowman said Wednesday.

Treasury Department guidance allows funding for broadband enhancements, like boosting internet connectivity in public libraries or parks, improving internet coverage for students, and implementing public safety improvements.