News - Press

• Don't Count on the Fed Cutting Rates When the Economy is this Good Wednesday, June 12, 2019 in Press

  ^{"Fade the futures.” That’s market jargon for going against the financial futures market, in this case the contracts on what the federal-funds rate will be in months hence. The market is betting on multiple reductions in the Federal Reserve’s main interest-rate target later this year. The trouble is, the futures market was just as certain late last year that multiple rate increases were ahead.}

  View More
• Fed's Bullard Says Rate Cut May Be Needed "Soon" Monday, June 3, 2019 in Press

  The Federal Reserve may need to cut interest rates soon to prop up inflation and counter downside economic risks from an escalating trade war, St. Louis Fed President James Bullard said.

  View More
• Fed Holds Rates Steady, Citing Lack of Inflation Thursday, May 2, 2019 in Press

  Federal Reserve officials voted to hold interest rates steady Wednesday, as a lack of inflation pressure outweighed an economy that otherwise is growing strongly.

  View More
• Putting Libor Out of its Misery Easier Said than Done Wednesday, April 17, 2019 in Press

  Weaning off the scandal-plagued Libor benchmark is a gigantic problem for global rates markets, one that increasingly looks too burdensome for a single replacement to handle in the U.S.

  View More
• The Fed Won't Be Cutting Rates After All, FOMC Minutes Suggest Friday, April 12, 2019 in Press

  The Federal Open Market Committee is likely to keep its federal-funds rate target steady at 2.25%-2.50% for the rest of the year, minutes of it March 19-20 meeting released Wednesday show.

  View More
• Middle Class Shrinking as Incomes Stagnate, Costs Rise, OECD Thursday, April 11, 2019 in Press

  The middle class is shrinking in developed economies as increases in workers’ wages have failed to keep up with the rising cost of housing, education and healthcare, the OECD said on Wednesday.

  View More
• IMRF Cuts 2019 Global Growth Outlook to Lowest Since Financial Crisis Thursday, April 11, 2019 in Press

  The International Monetary Fund cut its outlook for global growth to the lowest since the financial crisis amid a bleaker outlook in most major advanced economies and signs that higher tariffs are weighing on trade.

  View More
• Rust Belt Turns to Munis to Breathe Life Into Dead Factories Monday, April 8, 2019 in Press

  In the center of Fort Wayne, Indiana, sits an abandoned General Electric complex built more than a century ago, a space that once employed about 40 percent of the city’s workforce but now serves as a constant reminder that the downtown isn’t what it used to be.

  View More
• 2017 Moody's Rating Letter Thursday, March 30, 2017 in Press

  Download Moody's Rating Letter

  View More