Dollar fell after Fed signals pause: Banking woes dent confidence
The dollar falls on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle.
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The dollar falls on Thursday after the U.S. Federal Reserve opened the door to a pause in its aggressive tightening cycle.
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 U.S. economy likely continued to grow at a solid clip in the first quarter, driven by strong consumer spending at the beginning of the year, but momentum appears to have since waned considerably
WASHINGTON (Reuters) - The U.S. economy likely continued to grow at a solid clip in the first quarter, driven by strong consumer spending at the beginning of the year, but momentum appears to have since waned considerably as the effects of higher interest rates spread. | 12:08am
Outflows from municipal bond mutual funds receded as Refinitiv Lipper reported $92.055 million was pulled from them as of Wednesday after $2.876 billion of outflows the week prior.