Washington

The Federal Open Market Committee enters a new phase when it meets this week as Kevin Warsh takes over as chair.

Many factors impact the performance of munis, and, this year, everything seems to be working for the positive.

Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.

"I would say we were pleasantly surprised that there aren't mandates that are laced in this proposal," GFOA's Emily Brock said.

The House Appropriations Committee approved the fiscal year 2027 Transportation, Housing and Urban Development and Related Agencies last week by a vote of 34 to 27.

As budget reconciliation finally moves past the Senate, Aggie bond advocates are reintroducing the Modernizing Agricultural and Manufacturing Bonds Act.

Regulators may be questioning "whether these trading accounts are really institutions or whether they function like an unregistered broker."

The Fed is expected to hold steady for the rest of the year as it navigates a renewed inflationary environment, according to the UCLA Anderson Forecast.

Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.

"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.