Hinterhaus Productions | Digitalvision | Getty Images Inflation in the U.S. has hit a speed bump. While the rate of price increases has come down significantly from its peak in the summer of 2022, the most recent reading from the consumer price index showed overall inflation stuck at just above 3%. Core inflation — which
On Friday, the Chicago City Council’s Finance Committee will discuss $1.25 billion of general obligation and Sales Tax Securitization Corporation bonds that Mayor Brandon Johnson has urged the City Council to approve. But no vote will take place on the bonds as of yet. The Johnson administration is reportedly aiming to pass the bond measure
Stay informed with free updates Simply sign up to the UK inflation myFT Digest — delivered directly to your inbox. The UK’s inflation rate fell sharply in February, bolstering arguments for the Bank of England to start cutting interest rates this year as it makes headway in bringing price growth under control. The consumer prices
The municipal primary market was active Tuesday while triple-A scales were little moved despite U.S. Treasury gains ahead of the Federal Open Market Committee meeting conclusion Wednesday. Various large new-issues were well-received and cleared the market Tuesday, with several repricing to lower yields. Despite several larger deals entering the primary, the large amounts of cash
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT Westend61 | Westend61 | Getty Images While inflation is 10 times higher now than 60 years ago, home prices are 24 times more expensive, a new study found. If home prices increased at the same rate as inflation since 1963, the median price of a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves, the shadow chancellor, will on Tuesday set out new rules pledging that a Labour government would aim to borrow only to invest as part of an agenda to inject greater “stability” into policymaking.
Texas laws that bar investment banks from underwriting state and local government debt if their policies are deemed harmful to the fossil fuel or firearms industries will have negative consequences for taxpayers and the business climate, according to a study released last week by a state business group. The study, conducted for the Texas Association
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of Japan has raised interest rates for the first time since 2007, becoming the world’s last central bank to end negative rates as the country puts decades of deflation behind it. Following a
The number of Federal Reserve rate cuts expected this year has dwindled and the first one isn’t likely before June, analyst said, as inflation numbers continue to come in hotter-than-expected. While the market was initially expecting six or seven 25 basis point cuts this year, Gary Quinzel, vice president of portfolio consulting at Wealth Enhancement
Chris Wattie | Reuters Economists expect the Federal Reserve to leave interest rates unchanged at the end of its two-day meeting this week, even though many experts anticipate the central bank is preparing to start cutting rates in the months ahead. In prepared remarks earlier this month, Federal Reserve Chair Jerome Powell said policymakers don’t want to ease
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deloitte has launched the biggest overhaul of its global operations in a decade as the Big Four firm seeks to cut costs and reduce the organisation’s complexity in the face of an expected market slowdown.
Private borrowers that issue tax-exempt bonds through Pennsylvania conduit issuers don’t need to follow the state’s prevailing wage requirements for public projects. That’s the final word from the Pennsylvania Supreme Court, which in February decided a case that was filed in 2018 over bonds issued in 2016. Ursinus College issued bonds through a public authority
Vladimir Putin is cruising to victory in Russia’s presidential election, cementing his rule for another six years amid his invasion of Ukraine and brutal suppression of dissent. The result of the three-day election ending on Sunday is a foregone conclusion after the Kremlin outlawed all criticism of Putin or the war and blocked any opposition
Hawaii Department of Transportation airport division revenue bond ratings and bonds issued by the state backed by car rental fees were upgraded by Fitch Ratings, which cited full recovery on enplanements. Fitch upgraded the airport’s $1.7 billion in revenue bonds to AA-minus from A-plus and $111.6 million in certificates of participation to A-plus from A
In this article CRWD NKE BJ Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the CrowdStrike Holdings, Inc. logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Investors’ worries about the prospect of higher-for-longer interest rates have made a comeback, pulling the major averages lower
A new study shows that coastal communities may be more at risk from sea-level rise than previously thought. That could have profound impacts on real estate, infrastructure and the U.S. economy. The sea level is rising as the earth heats and glaciers melt. At the same time, land is sinking—another detrimental result of climate change.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Benjamin Netanyahu has lashed out at sharp criticism from western allies of Israel’s strategy in Gaza, accusing them of seeking to orchestrate elections that would “paralyse” the country and lead to its defeat in the
Property insurers’ growing reluctance to insure homes exposed to severe weather should raise a red flag for the municipal bond market, which so far has shrugged off risks but will soon have to grapple with major climate-driven shifts in credit quality and bond prices. That’s according to panelists who spoke Thursday during a webinar titled
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukraine has urged western allies to fund its domestic weapons production with its recently ramped up manufacturing capacity now vastly exceeding the money available for orders. “The fastest way to start production is to
The Municipal Securities Rulemaking Board held the first of its two stakeholder meetings on Thursday, gathering trade groups representing the professionals from which the board derives its fees to discuss its now abandoned rate card model, the volatility of its fees and how many of its fees and expenses are allocated. According to both members
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