Rate policy and action in Washington remain on the radar for muni bond investors in the new year, but the tax-exempt issues are still attractive.
The Federal Reserve's interest rate cut forecast may not be as generous as fixed income investors had hoped, but the tax-exempt municipal bond space will continue to offer a solid deal in the new year. The central bank has dialed back interest rates three times in 2024, but policymakers only see two more reductions in the new year. That's down from four they had predicted in September.
Bear in mind that it's still too early to say what this legislation might look like. On the state and local side of things, the picture remains rosy. Malloy of Vanguard points to a "muni bond trifecta for 2025," a combination of attractive yield, strong muni fundamentals, and solid rainy day funds for state and local governments. A strong economy and solid wage growth are also contributing to the outlook.
Investment Strategy Vanguard Short Duration Tax Exempt Bond ETF Vanguard Short-Term Tax-Exempt Bond ETF Shares Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Guaranteed Rate Field to Become Rate Field in 2025The Chicago White Sox's ballpark will be renamed Rate Field in 2025, following the rebranding of its naming rights sponsor.
Read more »
Edmunds hybrid sedan comparison: 2025 Honda Civic vs. 2025 Hyundai ElantraSimilar in size and fuel economy, these two hybrid compact sedans differ from there.
Read more »
Edmunds hybrid sedan comparison: 2025 Honda Civic vs. 2025 Hyundai ElantraSimilar in size and fuel economy, these two hybrid compact sedans differ from there.
Read more »
Edmunds hybrid sedan comparison: 2025 Honda Civic vs. 2025 Hyundai ElantraSimilar in size and fuel economy, these two hybrid compact sedans differ from there. The 2025 Honda Civic Hybrid boasts much stronger performance and a higher-quality cabin, while the 2025 Hyundai Elantra Hybrid provides more features for the money and better tech. There are advantages for both, but when the Civic is ahead, it’s ahead big time.
Read more »
Penn State 2025 Football Schedule: Penn State-Oregon Game Scheduled for 2025Penn State's 2025 football schedule got a sneak peek with the release of the Penn State vs. Oregon game, which also could be the White Out.
Read more »
BREAKING: Bruins' 2025 2025 Football Schedule RevealedThe Big Ten announced its football schedule for the 2025 season, and UCLA's schedule will feature a few familiar faces and multiple teams it did not play this past season in its first year in the Big Ten.
Read more »