The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after the last Federal Open Market Committee meeting in July. For Americans struggling to keep up with sky-high interest charges, a likely September rate cut may bring some
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The letters are flying in the partisan debate over environmental, social and governance issues. A group of 20 state attorneys general led by Florida have slammed the U.S. Treasury Department’s recent warning against some state banking laws that the department said could undermine national security. In the Aug. 1 letter to Treasury Secretary Janet Yellen,
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Municipals were slightly better on the short end Friday, reversing some of Thursday’s losses, while U.S. Treasuries made small gains across the curve and equities were up near the close. Triple-A yields closed out the week on better footing by one to three basis points, albeit in light secondary trading, ahead of a much larger
Municipal bonds improved Wednesday as attention turned to the primary market with Chicago coming off the sidelines to price its delayed general obligation bond deal along with deals from the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission and the Las Vegas Valley Water Department. U.S. Treasuries and equities closed the session mixed following