Powell Remarks Overshadow Inflation Good News as Stocks Continue to Tank
S&P 500 has worst first half in 52 years, thanks to economic heebie-jeebies
Source: ai-cio.com
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Jerome Powell Admits Federal Reserve Underestimated Inflation
The Federal Reserve underestimated inflation as the U.S. economy reopened, Chair Jerome Powell told lawmakers on the House Financial Services Committee.
Source: theepochtimes.com
Fed Officials Suggest Faster Rate Hikes, Admit Inflation Is 'Very High': Fed Minutes
The Federal Reserve plans to move forward with multiple 50-basis-point interest rate hikes to fight inflation, FOMC minutes show.
Source: theepochtimes.com
Munis outperform UST rout; Outflows continue
Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.669 billion of outflows, though down from $2.875 billion of outflows in the previous week.
Source: bondbuyer.com
Munis sell off, 30-year AAA tops 3%
The significant cheapening of municipals in recent weeks continues to create headwinds for the overall tax-exempt market on a daily basis.
Source: bondbuyer.com