Federal Reserve Board Governor Michelle Bowman.Julia Nikhinson/Bloomberg The Federal Reserve cited slower price growth and a softer labor market in its decision to lower interest rates by a half percentage point this week, but one policymaker sees those trends differently.  Fed Gov. Michelle Bowman voted against the decision Wednesday, noting that she would have preferred
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Your browser does not support playing this file but you can still download the MP3 file to play locally. A growing controversy around Lord Waheed Alli’s donations to Prime Minister Sir Keir Starmer and his wife Victoria risks tarnishing the new government, while propelling the normally discreet Labour donor into the public eye. Lucy Fisher
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A larger than expected federal funds rate cut on Wednesday caught a lot of market experts off guard.  “I was surprised by the size of the cut,” said Vikram Rai, head of municipal markets strategy for Wells Fargo.  ”I was expecting 25 basis points, but you can rationalize 25 or 50.  Muni investors have waited for this,
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Municipals were steady to weaker in spots Thursday, as U.S. Treasury yields rose five years and out and equities rallied. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 66%, the five-year at 66%, the 10-year at 70% and the 30-year at 86%, according to Refinitiv Municipal Market Data’s 3 p.m. EST read.
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has held interest rates at 5 per cent after inflation remained steady in August, but indicated it may lower borrowing costs again as soon as November. The Monetary Policy Committee’s eight-to-one
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On Tuesday, former President Trump announced support for lifting the cap on the State and Local Tax deduction, a move which has wide support from municipal bond issuers.  Trump made the announcement via his Truth Social network as part of a personal post saying, “I will turn it around, get SALT back, lower your taxes,
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Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images Investors may soon see their favorite stocks quoted in half-penny increments. The U.S. Securities and Exchange Commission will vote Wednesday to change the minimum pricing increment for
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close video FOX Business Flash top headlines for September 17 Check out what’s clicking on FoxBusiness.com. Tupperware Brands Corporation has filed for bankruptcy, just months after the iconic American food storage container maker shuttered its last remaining plant in the U.S. amid financial woes. The company formally announced its voluntary decision to initiate Chapter 11
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close video SpaceX Polaris Dawn conducts first private spacewalk with billionaire Jared Isaacman Jared Isaacman, CEO of Shift4 integrated payment processing solutions, participated in the first ever private spacewalk on Thursday, Sept. 12, 2024. (Credit: @SpaceX via X) The decision last year by the Federal Communications Commission (FCC) to reaffirm its revocation of an award
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