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- Fed Officers Sign Potential September Fee Reduce Amid Labor Softness: Three Fed policymakers — Daly (SF), Cook dinner (Board), and Kashkari (Minneapolis) — expressed concern a few slowing labor market, citing weak July job good points and downward revisions to earlier months. Daly famous the labor market has “softened” and mentioned coverage “will doubtless want to regulate” within the coming months. Markets are more and more pricing in a September fee lower, with some officers now projecting two cuts earlier than year-end.
- Southeastern Pennsylvania Transportation Authority – SEPTA Faces Funding Deadline to Keep away from Transit Cuts: Philadelphia’s transit authority should safe new state funding by August 14 to keep away from a 20% service lower, together with 32 bus routes and vital practice reductions. Failure to behave may have a cloth credit score and ridership affect on SEPTA bonds. When you personal SEPTA bonds, we suggest monitoring their high quality and insurance coverage.
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