News
Chicago panel spars over economic outlook, Federal Reserve
2+ hour, 7+ min ago (792+ words) The Executives' Club of Chicago's Annual Economic Outlook panel has a long track record of collegiality, but on Tuesday, the widening divides afflicting the country made their way into the panel's 2026 forecasts. KPMG Chief Economist Diane Swonk sounded an alarm…...
Public pension health a mixed bag
2+ hour, 26+ min ago (604+ words) The Equable Institute wrapped up its annual report on the health of public pensions with a mix of good and bad projections along with notes of caution about what's coming down the pike." "The significant degree of financial uncertainty public…...
Powell says DOJ served Fed subpoenas, threatened indictment
2+ day, 15+ hour ago (339+ words) Federal Reserve Chair Jerome Powell Sunday evening issued a recorded video statement saying that the central bank has been served grand jury subpoenas from the Justice Department "threatening a criminal indictment" over his testimony last June concerning ongoing renovations at…...
Fed's Kashkari flags concern about labor market
1+ week, 2+ day ago (650+ words) Minneapolis Federal Reserve President Neel Kashkari said Monday he is more concerned about the labor market heading into the new year, even as inflation remains elevated.Speaking on CNBC, Kashkari, now a voting member of the Federal Open Market Committee,…...
Munis touch firmer in spots to start 2026
1+ week, 4+ day ago (1144+ words) Munis were steady to a touch firmer in spots to kick off 2026, as U.S. Treasuries cheapened slightly out long and equities ended mixed. The two-year muni-UST ratio Friday was at 69%, the five-year at 64%, the 10-year at 66% and the 30-year at 87%, according…...
Bond markets quiet as FOMC meeting minutes released
2+ week, 22+ hour ago (1087+ words) Munis were steady Tuesday as U.S. Treasuries were little changed and equities ended down. The two-year muni-UST ratio Tuesday was at 70%, the five-year at 66%, the 10-year at 67% and the 30-year at 88%, according to Municipal Market Data's 3 p.m. EDT read. ICE Data Services…...
All eyes will be on the Federal Reserve in 2026 with changes coming
2+ week, 2+ day ago (1394+ words) 2026 should be an interesting year for the Federal Reserve, with data again flowing and a new chair on the horizon with Jerome Powell's term expiring. "After a period of data fog, there's some visibility on the Fed's potential path," said…...
CPI report sets the stage for increased but still slim odds of January rate cut
3+ week, 5+ day ago (1712+ words) Munis were steady as U.S. Treasuries saw small gains and equities ended up after an economic report showed inflation was cooling. Following the release of the report, "odds of a January rate cut rose from 24% to 29%," noted FHN Financial Chief Economist…...
Steven Skancke analyzes the Federal Reserve meeting
1+ mon, 4+ day ago (1003+ words) With the government reopened and data expected to flow, the Federal Open Market Committee may cut rates again at its Dec. 9-10 meeting. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the meeting, Fed Chair Jerome Powell's press…...
FOMC preview: Divided panel will cut 25 bps, next move unclear
1+ mon, 6+ day ago (1538+ words) After the October Federal Open Market Committee meeting Fed Chair Jerome Powell said a December rate cut "is not a foregone conclusion " far from it." Much has changed since then and most economists are sure the FOMC will lower rates…...