Washington

"There are big credit differences between Chicago and New York City," said an investor.

A handful of former Fed officials noted that the markets' measured response to a probe into Fed Chair Jerome Powell was a result of pushback from Trump allies.

The tax reform costs will be offset by reductions in certain government spending, application of excess revenues that are coming in, and elimination of certain tax exemptions.

As Congress hammers away on a surface transportation bill, counties are fighting for a seat at the table while reckoning with dwindling gas tax revenues.

The Maryland Department of Transportation's acting secretary said the bill would provide "greater transparency and accountability in transportation spending decisions."

Federal Reserve Gov. Stephen Miran said he doesn't "really buy" the view that a potential indictment of Fed Chair Jerome Powell would affect the central bank's monetary policy.

Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.

The RFC asks a number of questions about the dealer supervisory rule.

"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.