PUBLIC FINANCE TRENDS
Credit Spread and Negligible BQ Benefit
the neglibile BQ benefit continues to persist, at least through the early part of the yield curve.
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INVESTMENT ADVISORY SERVICES: FEATURED ECONOMIC INDICATOR
Fed Watching for Inflation
Inflation and inflation expectations are central to monetary policy decisions implemented by the Federal Reserve. Despite stronger economic growth, inflation has remained low, and the Fed’s preferred measure of inflation, Core Personal Consumption Expenditures (PCE) has declined in 2017.
