Washington

By the end of the week the municipal bond market should have a better idea of what Federal Reserve officials are thinking.

Researchers at the Pew Charitable Trusts warn local governments that cannabis revenue flows are uncertain.

Federal Reserve Bank of Minneapolis President Neel Kashkari said recession risks have risen “quite a bit” and the central bank should be ready to cut interest rates again to protect the U.S. economy.

Market participants want someone with a deep industry knowledge as the MSRB is set to begin its search for a new president.

The debate over yield curve inversion continued, as a summer Friday yielded little economic data, but the market waits to parse the minutes of the most recent Federal Open Market Committee and then eyes will turn to the Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat.

The municipal bond market received a variety of data Thursday suggesting economic strength belying the recession forecast by the 2/10-year Treasury yield curve inversion on Wednesday.

Though the presidential candidate field is still large, some have proposed detailed infrastructure plans related to broadband and water systems.

Federal Reserve Bank of St. Louis President James Bullard called current U.S. economic conditions “quite good” and said the goal of the central bank’s policy framework review should be to avoid a Japan-style deflationary trap.

This part of the curve inverted for the first time since June 2007.

The evolution of muni advocacy has been in progression for years, though it was further galvanized by the shock and dismay at the 2017 tax reform.