Washington

As the dust settles on the SEC's 15c2-12 announcement, questions loom about how difficult it will be to implement.

The Federal Open Market Committee will have to raise the fed funds target rate three or four times to hit neutral rate.

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.