Federal Reserve Board Governor Michelle Bowman.Julia Nikhinson/Bloomberg The Federal Reserve cited slower price growth and a softer labor market in its decision to lower interest rates by a half percentage point this week, but one policymaker sees those trends differently.  Fed Gov. Michelle Bowman voted against the decision Wednesday, noting that she would have preferred
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The Sacramento County, California, Airport System plans to come to market with $478 million of revenue bonds Tuesday into a packed primary calendar that includes two other airport bond sales. Chris Wimsatt, Sacramento International Airport’s deputy director of finance, isn’t worried about competition from the other airport deals, because the debt will not be subject
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Mercedes-Benz lowered its full-year earnings outlook, blaming the weaker projections on China’s worsening macroeconomic conditions. The company on Thursday said its car division now anticipated the return on sales to be in the range of 7.5 per cent to 8.5 per cent, down from its previous expectation of 10 per cent to 11 per cent.
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Municipals were steady to weaker in spots Thursday, as U.S. Treasury yields rose five years and out and equities rallied. The two-year muni-to-Treasury ratio Thursday was at 64%, the three-year at 66%, the five-year at 66%, the 10-year at 70% and the 30-year at 86%, according to Refinitiv Municipal Market Data’s 3 p.m. EST read.
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has held interest rates at 5 per cent after inflation remained steady in August, but indicated it may lower borrowing costs again as soon as November. The Monetary Policy Committee’s eight-to-one
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Florida’s Office of Economic and Demographic Research is warning of new fiscal challenges for the state government in coming years. Without changes to revenue and expenditure policies, the office, a part of Florida’s government, projects a general revenue fund deficit of $9.8 billion by June 30, 2028, the official Long-Range Financial Outlook released Sept. 6
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Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images Investors may soon see their favorite stocks quoted in half-penny increments. The U.S. Securities and Exchange Commission will vote Wednesday to change the minimum pricing increment for
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“I always liked the idea of doing work that is beneficial to the world versus doing work that is solely beneficial to me,” said Sam Litton. Title: PartnerFirm: Hawkins Delafield & Wood LLPAge: 38 At the helm of the transportation practice in Hawkins Delafield & Wood’s New York office, Sam Litton oversees major clients, like
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Business leaders have warned that the UK government’s tax-raising plans and negativity about its economic inheritance risk undermining its efforts to boost private sector investment. Sir Keir Starmer’s Labour government is desperate to attract foreign
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