Municipals Improve a Day After Fed Rate Hike

Scarchilli, Michael
July 2006
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p2
Trade Publication
The article reports on the improvement of municipal finance in the U.S. on June 30, 2006 following the strengthening of the Treasury market. The improved condition came a day after the Federal Open Market Committee raised the federal funds rate by 25 basis points for the 17th consecutive time. According to UBS economist Jim O'Sullivan, the core personal consumption expenditure was considered the most anticipated number coming into the day.


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