Trade tensions between the U.S. and China have led to declines in stock prices and lower bond yields. Meanwhile, yields on muni bonds have continued to decline, reaching the lowest levels since January 2018.

Ehlers hires additional advisors and financial professionals, renewing its commitment to exclusively serve public sector companies and positioning itself for growth.

Taxes are in and state revenues are generally up. A question going forward will be whether states alter their tax codes to conform with the Tax Cuts and Job Act, but with political gridlock, a bipartisan deal is unclear. At the macro level, treasury yields have fallen to their lowest levels since March and all eyes are on the Fed’s meeting this week and additional economic data. So far, the data has indicated a slightly weaker than expected U.S. economy and troubling low levels of inflation. While the expectation is for the Fed to keep rates the same, markets will be looking for clues on where the Fed sees the U.S. economy headed and particularly if rates might be cut sometime this year.