U.S. states are expected to cut their budgets, marking a return to more modest levels of spending after years of stimulus-fueled growth and tax cuts.  Total general-fund spending is expected to fall to $1.2 trillion in fiscal 2025, according to an analysis by the The Pew Charitable Trusts. That’s a roughly 6% decline from estimates of
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Municipals were firmer in secondary trading Tuesday as the primary market picked up steam, while U.S. Treasury yields fell and equities ended up. The two-year muni-to-Treasury ratio Tuesday was at 65%, the three-year at 66%, the five-year at 68%, the 10-year at 67% and the 30-year at 84%, according to Refinitiv Municipal Market Data’s 3
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The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year.  In its latest World Economic Outlook update, the IMF said “the momentum on global disinflation is slowing, signaling bumps along the path.” The rise in sequential inflation in
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Ohio state legislators are considering a bill that would bar the state’s pension systems, state colleges and universities and the Bureau of Workers’ Compensation from prioritizing environment, social and governance factors when making investment decisions.  Ohio’s Senate Bill 6 passed the state Senate on May 10 by a vote of 26 to 7, with senators
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Municipals were little changed Monday as the chance of former President Donald Trump being reelected increased following the assassination attempt over the weekend. U.S. Treasuries were weaker and equities were up. Financial markets are trying to “absorb” the outcome of higher odds of Trump winning in November and the news of his pick of Sen.
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Oscar Wong | Moment | Getty Images Not every renter wanting to buy a home dreams of ditching their lease. Some wish to remain tenants even as they become landlords. The concept behind “rentvesting” is that an individual rents their primary residence in one city and then buys an investment property somewhere else that they
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In this article SNN SN.-GB Follow your favorite stocksCREATE FREE ACCOUNT A logo sign outside of a facility occupied by Smith & Nephew in Austin, Texas. SIPPL Sipa USA | AP Company: Smith & Nephew (SN.-GB) Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. The company develops, manufactures, markets
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Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken
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Municipals were little changed Friday ahead of another large new-issue calendar. U.S. Treasury yields fell further and equities ended higher. A “relatively difficult start to the year” was expected, “as Treasury yields were too low, market participants were too optimistic about the number of rate cuts this year, and muni ratios were near their multi-year
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In light of the U.S. Supreme Court’s recent reversal of the so-called Chevron doctrine, House Republican leaders Wednesday launched a review of the Biden administration’s environmental, social and governance agency regulations. House Transportation and Infrastructure Committee Chair Rep. Sam Graves, R-Mo., and Rep. James Comer, R-Ky., chair of the House Oversight Committee, sent letters this
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