Interest rates

Moody's eyes downgrade for Illinois ahead of budget's passage

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Illinois' general obligation bond rating is under review for a possible downgrade by Moody's Investors Service.
Neel Kashkari is lone dissenter at June meeting on continued rate hikes by Fed

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Federal Reserve officials were almost unanimous in their expectations of continued interest rate hikes when they met in June but were less united on when to begin reducing its record balance sheet.
Playing the long game: The case for ultralong Treasuries

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If well executed, issuing ultralong Treasury bonds could be a boon for many institutional investment markets in the U.S. and around the world.
Reflation catalysts for real assets

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With stocks and bonds trading at or near all-time highs, many investors are on the lookout for assets that can both provide added diversification and withstand the increased risk of inflation surprise.
The yield curve flattens, 2- and 10-year bonds converge

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The spread between the two- and 10-year government bond yields continued its trend toward convergence this week.
Bank of England keeps rates unchanged but more hawkish approach seen

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The Bank of England left the main interest rate and the current pace of asset purchases unchanged Thursday.
Fed raises rates 25 basis points, expects to start reducing balance sheet

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The Federal Open Market Committee agreed Wednesday to increase the federal funds rate by 25 basis points to a 1% to 1.25% range, echoing a move made in March that also raised rates by 25 basis points.
ECB stands pat on rates; Mario Draghi doesn’t see anything ‘substantial’ with inflation

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The European Central Bank announces that interest rates on the main refinancing operations of the eurosystem will remain at zero.
ECB said to cut inflation outlook after energy prices slide

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The European Central Bank is preparing to cut its inflation outlook across its forecast horizon at this week's policy meeting because of weaker energy prices.
Fed minutes show continued caution regarding economy

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Modest 0.7% economic first-quarter growthpersuaded members of the FOMC to keep the federal funds rate target at 0.75% to 1%.
Academics, economist share AQR research award

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Two academics and a Federal Reserve Board economist are named winners of the annual AQR Insight Award.