FOMC preview: 'See You in September'?

Most analysts now expect the Fed to hold rates in a range between 5.25% and 5.50% until September, with some concern there will be no rate cuts this year. "The Fed is certainly not going to be overly concerned about the growth backdrop" at this week's Federal Open Market Committee meeting, said BMO Chief Economist Douglas Porter. He expects Fed Chair Jerome Powell "will still point to the surprising robustness of spending trends in his press conference. His tone is likely to be the highlight, given that there is no debate on the rate decision at this stage."

Register for The Bond Buyer's new Southeast Public Finance conference coming next week to Hollywood, Florida.

Ahead of an expected push to broaden tax-exempt financing authority for tribal governments next year, a pair of Federal Reserve Bank of Minneapolis economists are examining how the tax code could be reformed to allow tribes greater access to the financing tool.

Nominations are open for the next class of Bond Buyer Rising Stars and the third class of Muni Hall of Famers .

Municipals were little changed Monday ahead of several large deals and the final session of April, which is poised to close out with another month of negative returns for the asset class. U.S. Treasuries were firmer, and equities were in the black. Munis remain on "track to have the second worst April returns in almost 20 years as yields continue to trend higher as the likelihood of a Fed Reserve interest rate cut looks more and more unlikely," said Jason Wong, vice president of municipals at AmeriVet Securities.

Learn more about the trends impacting the industry in The Bond Buyer’s annual review of municipal bond market statistics.

Climate change presents a higher risk for muni bonds, compared to other investments, because the debt often has longer maturities and therefore, higher vulnerability to the long-term effects of climate change, said S&P' Sustainable1's global head of research and methodology.

Read the newest research from The Bond Buyer detailing the public finance industry’s views of the risks and opportunities in 2024.

Shreveport, Louisiana, voters approved $256 million of general obligation bonds. The voters approved $125 million for a streets and drainage bond, $82 million for a water and sewer bond, and $49 million for a police and fire infrastructure bond. The first two bonds passed with 80% in favor and 20% against. The last passed with 78% in favor and 22% against.

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