Federal Reserve's next move is unclear after bank failures

Unlike recent Federal Open Market Committee meetings, where the market knew what to expect, this week's could go any of several ways , analysts said. "Projections of the likely path of the Fed funds rate are all over the map and appear to be shifting dramatically on a daily basis," said Scott Anderson, chief economist at Bank of the West. "The Fed is truly stuck between a rock and a hard place," said Marvin Loh, senior global macro strategist at State Street, "with strong data still justifying a continuation of the tightening process, while the evolving banking and liquidity crisis calls for a more gingerly approach to the process."

Check out our latest Rising Stars and the inaugural class of Muni Hall of Famers .

The Bond Buyer is excited to announce the return of the Hall of Fame of municipal finance for a second class of inductees, alongside the eighth annual class of Rising Stars, showcasing the brightest young minds in this industry. New this year, a "legacy wing" will be added to the Hall of Fame for posthumous honorees. Submit a colleague for consideration to our Hall of Fame and Rising Stars programs here before nominations close May 5.

If you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

Bills seeking to restrict or expand municipal bond issuance and rein in debt practices are on the menu for Texas lawmakers during the legislative session that commenced in January and wraps up in late May. Numerous bond-related measures are among a record 8,153 bills and joint resolutions introduced in the Republican-controlled legislature by a March 10 filing deadline, according to the Texas Municipal League.

Click here for our coverage of the midterm elections .

A group of federal lawmakers from New York and New Jersey have formed a caucus to force the New York Metropolitan Transportation Authority to hit the brakes on its first-in-the-nation congestion pricing plan. Four representatives formed the Congressional Anti-Congestion Tax Caucus, dedicated to opposing the MTA's Central Business District Tolling Program, also known as congestion pricing.

Register now for The Bond Buyer Texas Public Finance conference in Austin April 12-14.?

Cascade County, Montana, will price $250 million in green revenue bonds Tuesday for Montana Renewables, LLC. The $580 million project, which started production in November, converted half of NASDAQ-listed Calumet Specialty Products Partners’ Great Falls oil refinery for use by its new subsidiary to produce renewable diesel and other fuels .

Watch the acceptance speeches and look at some of the photos from our Deal of the Year event in New York City.?

Municipals were steady Monday ahead of the Federal Open Market Committee meeting, while U.S. Treasury yields rose as investors considered the stability of the banking sector. Equities ended up. Triple-A benchmarks were little changed, no more than a basis point or two, while U.S. Treasury yields rose five to 12 basis points.

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