"Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security," said Gov. Ron DeSantis.
The reverberations from the Silicon Valley Bank and Signature Bank (SGBG) failures make the outcome of this week's Federal Open Market Committee meeting unpredictable.
The collapse of Silicon Valley Bank and Signature Bank (SGBG) clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.
"The derailment has caused substantial damage to the regional economy of the state of Ohio, its citizens, and its businesses," the lawsuit filed by Ohio Attorney General Dave Yost charges.
Even more uncertainty has been introduced into the municipal bond market as the Federal Reserve may have to tweak its monetary policy plans as the situation unfolds.
A $3.52 billion Texas Natural Gas Securitization Finance Corp. deal includes a make-whole redemption over three years to call bonds if the state appropriates funds to pay them off.
Huntington Beach leaders say they are countersuing because the state is trying to micromanage the city's planning and zoning process to gain more housing.
Disruptions and dislocations associated with more volatile business cycles have already created opportunities for active fixed income management, as the dramatic interest rate increase of 2022 illustrates.
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