Page 41 - Fomc News Today

Investors pulled $229.263 million out of muni bond mutual funds in the latest week, versus the $635.177 million of outflows the prior week, according to Refinitiv Lipper. High-yield continues to see inflows.

The short end was hammered in the secondary with large blocks of high-grades showing big swings to higher yields while the rest of the curve wasn't spared the damage and triple-A yields rose by seven to 16 basis points.

Federal Reserve Bank of San Francisco President Mary Daly said the central bank should raise interest rates "a little" above 3% by the end of the year to cool inflation, pushing back against investor bets that officials would then reverse course.

The Fed does not see much evidence that broad-based inflationary pressures were easing and that 40-year high inflation will take a while to resolve

Two Federal Reserve officials responded to softening inflation data by saying it doesn't change the U.S. central bank's path toward even higher interest rates this year and next.

The Investment Company Institute reported investors poured in $1.589 billion into muni bond mutual funds in the week ending August 3, the highest level since November.

That could and should slow the economy because thats the point of it, you cannot possibly say oh my gosh, were hitting a recession tomorrow, not when unemployment is so low and job growth is so strong. when you talk about inflation and how much things cost overall, take a look at gas prices. they have been going down for the last 51 days across the board. that is good news. >> to my mind it comes down to fomc versus fomo, everybody wants to get out. stephanie, i dont know if youre on the jersey ...

The Federal Reserve is committed to cooling inflation and needs to raise interest rates to a little above 4% to ease demand, Cleveland Federal Reserve Bank President Loretta Mester said.

After nine months of outflows, foreign institutional investors turned net buyers of Indian stocks in July and August

The Investment Company Institute reported investors pulled $246 million out of muni bond mutual funds in the week ending July 27 compared to the $602 million of outflows in the previous week.