After the Nov. 4 to 5 Federal Open Market Committee meeting, Federal Reserve Board Chair Jerome Powell noted the panel had discussed the asset purchases and would continue to monitor them going forward. That statement attracted market watchers' attention and it will be their focus as they pore over the FOMC

The election defeat of House Speaker Nicholas Mattiello — arguably Rhode Island’s most powerful politician — could trigger some hairpin turns in a state already spinning. Dynamics at the capitol in Providence include a steep resurgence of COVID-19 cases; a long-overdue fiscal 2021 budget for Gov. Gina Raimondo and a lame-duck

The Puerto Rico Oversight Board approved entering central government debt negotiations with a proposal that would include a 65.9% to 68.6% haircut for bondholders. The board voted 4-0 at Friday’s public meeting to adopt this position in negotiations with creditors. The Board considered the same resolution at a meeting on Oct. 30,

The Federal Reserve said Friday it would comply with a Treasury Department request to return unused funds meant to backstop five emergency lending programs, moving to tamp down a public rift that arose a day earlier. “We will work out arrangements with you for returning the unused portions of the funds

Issuers will lose a financial, if not psychological, backstop from the Federal Reserve at the end of the year and some participants fear the municipal market will become more fragile, less resilient and more prone to shocks amid another wave of coronavirus cases. Following Treasury Secretary Steve Mnuchin's move on Thursday

The long end of the municipal market firmed Friday as the expected new-issue calendar slipped to about $1 billion for the Thanksgiving-shortened trading week. Yields on top-rated bonds fell about a basis point on AAA scales as yields fell about eight to 13 basis points in total since Nov. 13. Treasury yields

Federal Reserve Board Chair Jerome Powell said after the latest Federal Open Market Committee meeting that the panel would be discussing extending the COVID-19-related emergency lending facilities beyond year-end. Treasury Secretary Steven Mnuchin in a letter Thursday told Powell to end some programs, as scheduled, and return unused funds. The reviews

Boosting diversity in the public finance sector should be a continued priority for the industry, building on some strides in 2020, municipal market leaders say. During Thursday’s Northeast Women in Public Finance webinar about bolstering racial equity in municipal finance, Neene Jenkins, executive vice president at J.P. Morgan Chase,

A New Jersey dealer firm agreed to pay $25,000 to settle charges that it violated multiple municipal securities rules after the Financial Industry Regulatory Authority found it failed to correctly report 147,000 trades. Dealerweb agreed Thursday to pay those fines and be censured while neither admitting nor denying FINRA’s findings that

Senate Republican Majority Leader Mitch McConnell