Washington

The Federal Reserve appears to be on hold, waiting for clarity on inflation and fiscal policy. The March 19th Federal Open Market Committee meeting, with a new Summary of Economic Projections will illuminate members' revised thoughts on interest rates. Join us March 20 at 12:00 pm as Mike Goosay, Chief Investment Officer of Global Fixed Income at Principal Asset Management, breaks down the meeting, Chair Powell's press conference and the SEP.

With questions and analysis still swirling around a deadly crash at Ronald Reagan Washington National Airport, concerns arise about enplanement levels, traffic patterns, and credit ratings affecting the region's major airports.

Yields and market volatility "positively correlated with trading volume," a research report published by MSRB finds.

In 2017, Congress moved from budget resolution to reconciliation legislation in less than six weeks.

As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

The legislation comes as the municipal market industry fends off threats to tax-exempt municipal bonds.

Portfolio managers seem more sanguine about threats to the tax exemption from Congress.

The rising costs of federal debt, an impending budget showdown, and Congressional turmoil is highlighting the complex relationship between Treasury securities and municipal bonds.

Inflation is front and center this week, with the consumer price index report released on Wednesday and the producer price index on Thursday.

The deeper the proposed cuts, the more the municipal market fears for the fate of tax-exempt bonds.