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The municipal market largely ignored the FOMC news that it would hold rates steady. New Jersey was 20 times oversubscribed and ICI reported $2.5 billion of inflows into long-term municipal bond mutual funds.
April 28 -
President Joe Biden, who has an opportunity to reshape the leadership of the Federal Reserve over the next 10 months, is being urged by activists to make potentially significant changes at the U.S. central bank.
April 28 -
High-grade scales were little changed as ICI reports the sixth week in a row of inflows to the tune of $2.29 billion into municipal bond mutual funds.
April 21 -
“Everybody’s getting a lot more comfortable with having the virus under control and we are starting to see it in the form of economic activity,” said Federal Reserve Gov. Christopher Waller.
April 16 -
The Federal Reserve will likely taper off its bond purchases before considering raising interest rates, Chairman Jerome Powell said.
April 14 -
“It’s too early to talk about changing monetary policy ... We want to stay with our very easy monetary policy while we are still in the pandemic tunnel.” Bullard said Monday.
April 12 -
Federal Reserve Vice Chair Richard Clarida said policy makers will await evidence on whether they’re reaching their goals on price stability and employment before adjusting monetary policy.
April 9 -
AFL-CIO president Richard Trumka called on President Joe Biden to use a current vacancy on the Federal Reserve’s Board of Governors to bring greater diversity to the central bank.
April 9 -
Federal Reserve Bank of San Francisco President Mary Daly said she’s “bullish” on the rebound of the U.S. economy, but there is still a long way before the recovery is complete and will wait for the data to show it.
April 9 -
The Investment Company Institute reported another week of inflows, $800-plus million, as participants focus on that part of the market as an indicator of how munis will fare during tax season.
April 7