Washington

Federal Reserve Bank of Atlanta President Raphael Bostic said he would not vote for a hike that would cause the Treasury yield curve to invert.

The final rules will focus on debt obligations on a similar level as bonds, an effort to respond to comments that the first proposal was too broad.

President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman.

As director of the Fed's Division of Research and Statistics, David Wilcox is responsible for briefing the Federal Open Market Committee on the outlook for the national economy.

Municipal bond volume is running 18.1% lower than last year’s historic level, in line with analyst expectations given the enormous impact the new tax legislation has had on the market.

An estimated $69.1 billion of the $139 billion is already committed through a combination of insurance claims and federal disaster aid.

The cut has dropped from 6.6% in fiscal 2018 and 6.9% in fiscal 2017. The initial sequestration cut in fiscal 2013 was 8.7%.

The MSRB's new FAQs examine an issue on which municipal advisor firms have been seeking guidance for months.

Gregory Gizzi, senior vice president and portfolio manager at Macquarie Investment Management, looks at the effects of tax reform on municipal bond market this year. He also discusses what investors should look for in the second half of the year. Chip Barnett hosts.

The MSRB aims to provide considerations for firms looking at their compliance procedures.