Federal Reserve chair Jerome Powell said in a speech in Jackson Hole, Wyo., in August that inflation has been cooling to the point where the central bank is willing to cut the Federal Funds Rate for the first time in four years. Bloomberg News Inflation continued to show signs of easing in the Federal Reserve’s
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If any two beliefs are shared by both critics and admirers of former President Donald Trump, they are these: His whims were frequently hamstrung by the people who surrounded him during his first term in office, and that won’t be allowed to happen again. Trump’s victory in 2016 appeared to surprise his campaign as much
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The European Union’s foreign policy chief Josep Borrell warned that Israel’s incursion in the West Bank must not be “the premise of a war extension from Gaza” amid fears Israel is preparing to annihilate another Palestinian territory. Borrell said he asked EU members about possible sanctions on Israeli ministers who have called for the destruction
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A proposal to help solve California’s property insurance crisis would tap the bond markets and could involve billions of dollars in debt issuance. The debt would be issued through the California Infrastructure and Economic Development Bank. Assembly Bill 2996 authored by Assemblymember David Alvarez, D-San Diego, would help stabilize the insurance marketplace by bolstering the
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Municipals were little changed while U.S. Treasury yields rose and equities ended mixed. Municipal bond mutual funds saw inflows as investors added $1.047 billion to funds after $512.9 million of inflows the week prior, according to LSEG Lipper. This marks nine straight weeks of inflows. <img src=”https://public.flourish.studio/visualisation/19228117/thumbnail” width=”100%” alt=”chart visualization” /> High-yield continued to show
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The Senate Committee on Environment and Public Works is changing leadership regardless of who wins the election as Chairman Tom Carper, a champion of the Biden administration’s tax and infrastructure policies, including the Inflation Reduction Act, will not be returning to Congress next term. “As Chairman of the Senate Environment and Public Works Committee, I’m
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If any two beliefs are shared by both critics and admirers of former President Donald Trump, they are these: His whims were frequently hamstrung by the people who surrounded him during his first term in office, and that won’t be allowed to happen again. Trump’s victory in 2016 appeared to surprise his campaign as much
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The major proposals pitched by the campaigns of Vice President Kamala Harris and former President Donald Trump would both expand the federal budget deficitthough Trump’s plans would require significantly more borrowing over the next decade. Trump’s proposals would add an estimated $5.8 trillion to the deficit over the next decade, according to the Penn Wharton
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