English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Tools annual

Global: Zendy Free Plan

Global: Zendy Tools monthly

Global: Zendy Plus monthly

The Covid-19 pandemic put finances of states and municipalities across the country under severe stress. This stress derived both from reductions in revenues associated with lower economic activity and increased demands on public health and social safety measures. State and local governments have received substantial federal support through the CARES Act. They have arguably also benefited from the establishment of the Federal Reserve’s Municipal Liquidity Facility (MLF)—announced on April 9 to address the liquidity needs of municipal authorities and support market functioning. At the time of writing, Covid-19 cases, hospitalizations, and deaths are reaching record levels across the country, particularly in the Upper Midwest. Yet, additional federal assistance remains uncertain, and the MLF is scheduled to expire on December 31, 2020. This Chicago Fed Letter asks the question whether the facility helped alleviate funding pressures for state and local governments.

The impact of the pandemic and the Fed’s muni program on Illinois muni yields