Anticipation is growing among investors for a 50 basis point interest rate cut by the Federal Reserve, a move that could sway the central bank?s decision, says BMO?s head of U.S. rates strategy. What Happened: Investors are now factoring in a 63% likelihood of a 50 basis point cut, a significant increase from 34% last week.
Even as the Federal Reserve prepares to announce its first rate cut in the current monetary policy cycle, some have expressed fears that the move could be a little too late to keep the economy from slipping into a recession.
"It's a rewarding experience to be part of that group and to be with like-minded women," Gupta said. "I see a lot of young women looking for the same mentorship that I received."
"What is exciting about this work is the sheer number of things in the city I get to touch. I am working on airports, water utilities, affordable housing projects and more. It's interesting and fun," said Hastedt.
"I loved my work, and I thought I would do that forever, but I realized that if I really wanted to help people, I had to take my work from a micro level to a macro level," said Harrington.
"I was interested in the macro side of the market, but also wanted to be in a product that was more credit-specific. That attracted me to munis," said Litten.
"Today, we have a lot of innovative deals in the pipeline. Green initiatives and ESG-focused projects are on our plate now. It's exciting to think about where things will go to bring about a more sustainable future for everyone," Pearson-Farrer said.
"I was in India doing U.S. public finance ratings and I found it super interesting," recalls Patel. "At S&P, they had different divisions and they put in a muni finance position. I fell in love."
Three things in life seem certain as of Wednesday, Sept. 18: death, taxes, and the Federal Reserve?s announcing a cut to the fed funds rate at its imminent Federal Open Market Committee meeting. What remains uncertain is the size of the cut and its potential effects on the U.S. economy ? particularly its impact on inflation, which still hovers above the Fed?s 2% target.
Nominations for the 10 regional and other categorical honors, all of whom will be finalists for the national Deal of the Year award, are due by Friday, October 11.
The index futures are slightly higher early Wednesday as traders turn defensive ahead of the all-important Federal Reserve meeting of the year. While the betting and futures market suggests a 50 basis point could be on the table, most economists are resigned to a more modest 25 bps cut.
Billionaire Ray Dalio shared his insights on the primary forces shaping the global economy, during Milken Institute?s Asia Summit in Singapore. What Happened: Dalio, founder of Bridgewater Associates, pointed to the U.S. Federal Reserve?s interest rate decisions and the country?s debt management as significant factors.
The most important Federal Reserve decision day is upon us and market participants wait with bated breath regarding what Chairman Jerome Powell and his rate-setting committee team would deliver. The Odds: The September Federal Open Market Committee meeting kicked off on Tuesday and the central bank will announce its rate decision via a post-meeting policy statement at 2 p.m. EDT.
The U.S. stock market had a mixed close on Tuesday. Investors are now keenly awaiting the Federal Reserve?s meeting scheduled for Wednesday, where a cut in interest rates is widely expected.
Sonoco Products Company (SON), a global leader in high-value sustainable packaging, today announced that it has priced an offering of senior unsecured notes in a combined aggregate principal amount of $1.8 billion. Sonoco expects that the closing of the Offering will occur on September 19, 2024, subject to the satisfaction of customary closing conditions.
Whether the Federal Reserve will implement a 25-basis-point reduction or a 50-basis-point cut, is top of mind ahead of Wednesday?s meeting. But there?s an "even bigger question" to answer, Thomas Hayes of Great Hill Capital tells Benzinga. What will Japan's central bank decide at its meeting on Friday? ?Fed should have cut [rates] in August,? Hayes says.
Fed rate cuts "should lead to positive price action for both taxable and tax-exempt bonds, and current nominal yields remain well above where they were when the Fed was more dovish, implying generous room to rally from here," said Matt Fabian, a partner at Municipal Market Analytics, Inc.
Ethereum Classic is trading higher by 2% to $18.15 during Tuesday?s session, driven by expectations that the Federal Reserve will implement its first interest rate cut in over four years by?25 or 50 basis points.
The Franklin County Convention Facilities Authority will issue $138.2 million of lease revenue anticipation refunding bonds to refund or redeem outstanding Build America Bonds.
The commission charged the municipal advisors $1.3 million in penalties due to recordkeeping failures stemming from use of unmonitored communications, such as text messages, to conduct business.
Cryptocurrency markets are bracing for the Federal Reserve?s decision on Wednesday whether to cut interest rates by 25 or 50 basis points. What Happened: Jim Bianco of Bianco Research in an interview with Natalie Brunell emphasized the importance of understanding where the ?neutral? funds rate is ? the rate that neither stimulates nor restricts the economy.
The districts, which finance public infrastructure for housing developments, are dealing with limited revenue growth and state actions to cut property taxes.
Editor?s note: This story has been updated to correct the headline and to reflect that odds of a larger Federal Reserve interest rate cut fell after Tuesday?s economic data. U.S. retail sales rose more than expected by 0.1% month-over-month in August, signaling a resilient consumer spending momentum in the middle of the third quarter.
Tuesday?s retail sales report for August indicates that the U.S. economy is doing pretty well, but the Federal Reserve is still expected to cut rates on Wednesday to avoid making the same mistakes as one of its predecessors, an economist says.
SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, is debuting SOLVE Px?, the firm?s proprietary, AI-driven predictive price data for the municipal bond market.
In a recent discussion, Morgane Delledonne, head of investment strategy at Global X ETFs, shed light on the Federal Reserve?s interest rate policy and its effect on the markets. What Happened: Delledonne, in an interview with CNBC on Monday, highlighted the gap between the Federal Reserve?s goals and the expectations of the market.
Avetta?, the leading provider of supply chain risk management software, has announced a partnership with the National Safety Council to launch the Safety Maturity Index?. The new index offers a systems-based approach to target health and safety weaknesses within the supply chain to help avoid serious injuries and fatalities.
BasedBoi, has placed a $200,000 bet that the Federal Reserve will keep interest rates unchanged in its much-anticipated Sep. 18 meeting. What Happened: The trader down over $100,000 on his bet, which, if successful, would yield a $6.5 million payout. The Federal Reserve?s decision has kept market participants on edge, with a rate cut seen as practically assured.
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.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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