Iran says deal on Strait of Hormuz is close but is not enough to open the waterway

“Total collections remained below their long-term trends nationally and in most states for the second consecutive year, meaning states generally have fewer resources available for tax cuts, public services, bolstering reserves, or other priorities,” said Pew.   All but four states ended their fiscal year in June, revealing mostly good news in terms of revenue…

LOs tell me that they are counseling potential borrowers. “If you’re in the market for a home, focus on the things you can control. Save for your down payment which can be less than 20 percent, but the more you can put down, the less you have to borrow and the lower your monthly payments….

In the second scenario, current policy is not restrictive enough. Inflation has run above target for more than five years, and even stripping out tariff and energy effects, Paulson estimates underlying inflation at between 2.4% and 2.8%. The Fed’s preferred gauge — the Personal Consumption Expenditures (PCE) index — registered 3.3% on a core basis…

Munis were mixed on Monday, as U.S. Treasuries saw small gains and equities ended mixed after the United States announced sanctions against Iran and its trading partners. Processing Content Munis yields fell as much as two basis points on the short end but rose up to three basis points out long. UST yields fell up…

Home values have declined across the nation, with all capital cities bar Darwin recording a drop in prices over the previous three months. The latest data from Cotality’s Home Value Index Update for September found the proportion of suburbs recording a decrease in home values had more than doubled from autumn to winter. You’re out…