Page 27 - Fomc News Today

As we will be entering into fifth week of earnings season, over 300 companies are set to announce their quarterly numbers in the week ended May 14.

Federal Reserve Bank of St. Louis President James Bullard said he thinks the U.S. central bank can still achieve a soft landing, with inflation returning to the Fed's 2% target without triggering a significant downturn.

On Wednesday afternoon, the nations central bank announced another rise in the Federal Funds Rate by 25 basis points and pledged more hikes if needed to achieve price stability, meaning bringing

Outflows from municipal bond mutual funds intensified as Refinitiv Lipper reported $846.116 million was pulled from them as of Wednesday after $92.055 million of outflows the week prior. 

The Federal Reserve raised interest rates by 25 basis points on May 3, lifting the benchmark federal funds ...

The secondary was quiet and the sole deal of size came from a $400 million-plus competitive water and sewer loan from Portland, Oregon. The recent rise in yields makes for more compelling levels.

The Treasury Secretary, in a letter sent to Congress on Monday, urged the leaders of the House "to protect the full faith and credit of the United States by acting as soon as possible."

Compounding the Feds dilemma is a wave of regional bank failures, which raises the prospect of a credit crunch that could further limit liquidity and push a weakening economy into a recession.

Analysts believe that various factors will impact the equity market in upcoming week, including the US Federal Reserves interest rate decision, macroeconomic data, and quarterly earnings reports.

As we will be entering into fourth week of earnings season, nearly 200 companies are set to announce their quarterly numbers in the week ended May 8.