The New York region's beleaguered transportation agency could need up to $92 billion for its next capital plan, said State Comptroller Thomas DiNapoli.?
The European Central Bank will likely kickstart coordinated rate cuts by global central banks, said an economist, as he weighed in on the implications of the move. Rate Cuts Back? After cutting rates by 25 basis points in June, the ECB held fire in its July meeting to assess the impact.
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, breached Federal Open Market Committee rules and Reserve Bank policies, according to a report by the central bank's Office of Inspector General.
The Federal Reserve's inspector general says the reserve bank CEO did not trade on confidential information or have conflicts of interest, but did violate central bank rules and policies.
The August Consumer Price Index report dealt a sharp blow to hopes of swift and aggressive monetary easing by the Federal Reserve. Speculators who were eyeing steep interest rate cuts may need to temper their optimism as the Federal Open Market Committee meeting on Sept. 18 approaches.
The August consumer price index showed inflation remains above the Federal Reserve's target level and makes a 50-basis-point?rate cut next week?unlikely, economists said. Further, many expect the market will be disappointed going forward, as future cuts will likely be shallower than expected.
Nike Inc (NKE) shares are down slightly by 0.07%, trading at $78.03 on Wednesday afternoon, though they have rebounded from their session low of $76.74. The stock declined early Wednesday following the release of the August 2024 Consumer Price Index report, which revealed mixed signals about inflation.
Today, we got the August Consumer Price Index report which showed an overall increase of 2.5% for the last year and 0.3% for the month. The all-items CPI is down substantially but the sticky Core was unchanged. Starting to rise to reasonable levels. Food inflation came in at 2.5%, up 0.2% from last month.
Carvana Co (CVNA) shares are trading lower by 1.4% to $128.96 Wednesday afternoon, though off the session low of $126.59. The stock fell following the release of the U.S. Consumer Price Index inflation report for August, which revealed a persistent rise in core inflation, despite the headline inflation rate easing to its lowest level since February 2021.
The candidates touched on muni-adjacent issues like energy policy, housing and tariffs but offered little new information on infrastructure proposals or tax policies.
Shares of AT&T Inc (T) saw a 1.9% to $21.30 decline Wednesday morning, pressured by rising U.S. Treasury yields in the wake of the August Consumer Price Index report, which showed an unexpected increase in core inflation.
Today, Fieldpoint Private Holdings, Inc. announced it has entered into a written agreement with its regulators, the Federal Reserve Bank of New York and the Connecticut Department of Banking, that encompasses a set of practices implemented at the Company and Fieldpoint Private Bank & Trust since the banking industry crisis in the spring of 2023.
Issuance as of Wednesday is at $345.327 billion, a 32.7% increase over 2023. The Bond Buyer 30-day visible calendar on Monday was at $20.02 billion, the largest in nearly four years.
The U.S. annual inflation rate in August fell to its lowest point since February 2021, signaling a further easing of pressure on the cost of goods and services for U.S. consumers. The Consumer Price Index saw a cooler-than-anticipated annual headline print in August, cementing convictions for interest rate cuts?by the Federal Reserve.
When Ohio's Community Memorial Hospital shuttered on Aug. 31, it became the latest small-town Midwest hospital to hit insurmountable financial troubles.
Avis Budget Group, Inc. (CAR) announced today that its wholly-owned subsidiaries, Avis Budget Car Rental, LLC and Avis Budget Finance, Inc., priced a private offering of $700 million aggregate principal amount of 8.250% senior notes due 2030, which represents a $200 million increase from the previously announced size of the offering.
American Assets Trust, Inc. (AAT) today announced that its operating partnership, American Assets Trust (AAT), L.P., has priced a public offering of $525 million aggregate principal amount of 6.150% senior notes due 2034.
Municipals lagged the UST moves again, cheapening ratios and creating a valuable entry point for investors looking for compelling taxable equivalent yields, particularly 10-years and out.
Fitch also upgraded the city's Georgia Municipal Association certificates of participation (city of Atlanta public safety projects) to AA-plus from AA.
Freddie Mac announced today the pricing of its second Seasoned Credit Risk Transfer Trust offering of 2024?a securitization of approximately $658 million including both guaranteed senior and non-guaranteed subordinate securities backed by a pool of seasoned re-performing loans.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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