Summary:
RGGI prices declined by 1% before ending last week. The decline comes after a steady 4.2% rise over the last week and a half. Jerome Powell, remarks that interest rates may continue to remain elevated for some time to come. The Nasdaq fell 2.76% on Friday. The market is preparing for the upcoming auction on September 7th, given the low trading prices compared to the last settlement price of $13.90, it is likely the auction will close lower than the last auction.
The uncertainty over Pennsylvania prolongs continues, and it will be some time until the court gives the state clearance to participate. Down South, Virginia’s Gov Youngkin’s administration continues to take measures towards removing the state from RGGI
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