Author: Geoff Weitzel
-
Municipal Bond Credit Report: Cooling Consumer Spending Points to Further Economic Slowdown
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. household spending slowed in May as Americans faced historically high inflation and elevated interest rates, raising the prospect that the economy has contracted for a second straight quarter this year… Link to Story
-
Municipal Bond Credit Report: City of Hope’s debt, weak financials bring Moody’s downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The acquisition of Cancer Treatment Centers of America and financial weaknesses over the past two years have resulted in City of Hope, the Los Angeles region’s world-renowned research and cancer treatment center, receiving a one-notch downgrade to A2 by Moody’s Investors Service… Link to Story
-
Municipal Bond Credit Report: U.S. Jobless Claims Held Near Historic Lows Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New applications for unemployment benefits ticked down last week and hovered near historic lows, a sign the U.S. labor market remains tight despite indications of an economic slowdown… Link to Story
-
Municipal Bond Credit Report: Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve Chairman Jerome Powell said the central bank’s battle against inflation could lead it to raise interest rates high enough to cause a recession, offering his most explicit warning this year… Link to Story
-
Municipal Bond Credit Report: Florida economy adds jobs as hiring moderates in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida continues to see job growth even as the unemployment rate remained at 3.0% in May, according to data from the state Department of Economic Opportunity… Link to Story
-
Municipal Bond Credit Report: Cleveland State University’s housing goals have rating cost
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Cleveland State University in Ohio is banking on a housing play financed with a portion of a $148.8 million bond sale Thursday as part of its strategic plan to bolster its appeal and housing opportunities… Link to Story
-
Municipal Bond Credit Report: Fed Raises Rates By 0.75 Percentage Point, Largest Increase Since 1994
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Federal Reserve approved the largest interest rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades as it races to slow the economy and combat inflation that is running at a 40-year high… Link to Story
-
Municipal Bond Credit Report: SEC charges Rochester, New York, with fraud
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Securities and Exchange Commission has charged the City of Rochester, New York, the Rochester City School District’s former finance director and the city’s former chief financial officer with misleading investors and providing outdated financial statements in connection with a $119 million bond offering in 2019… Link to Story
-
Municipal Bond Credit Report: Higher Unemployment Rate Looms as the Fed Fights Inflation
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal Reserve officials are beginning to signal that higher unemployment rates might be a necessary consequence of their efforts to damp inflation by raising interest rates… Link to Story
-
Municipal Bond Credit Report: U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Americans have more equity in their homes than ever before. Total U.S. home equity increased almost 20% in the first quarter to $27.8 trillion, a record high, according to the Federal Reserve. .. Link to Story