News - Media

• GFOA Offers Guidance on the LIBOR/SOFR Transition Thursday, October 10, 2019 in Media View More
• GFOA Executive Board Adopts Two Best Practices Thursday, October 3, 2019 in Media

  The GFOA Executive Board adopted two best practices pertaining to investing at its September 20, 2019 meeting, Collateralizing Public Deposits and Using Cash Flow Forecasts for Treasury and Operations Liquidity.

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• Fed Officials are Divided over Whether the Economy Needs More Rate Cuts Thursday, August 22, 2019 in Media View More
• Feds Block Tax Breaks for Donating to these Charitable State Funds Friday, June 14, 2019 in Media

  The Internal Revenue Service and the Treasury Department have issued final rules blocking certain states’ attempts to work around the new $10,000 cap for state and local tax deductions.

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

  ^{"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.}

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

  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.

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• Fed Holds Rates Steady, Citing Lack of Inflation Thursday, May 2, 2019 in Media

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

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• States Pursue Their Own Broker Conduct Rules Friday, April 19, 2019 in Media

  WASHINGTON—Several states are rolling out stricter standards for investment-broker conduct, bucking industry warnings about an unwieldy patchwork of rules around the country.

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

  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.

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

  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.

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