Author: Geoff Weitzel
-
Municipal Bond Credit Report: Strong Labor Market in 2021 Faces Down Omicron Threat
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. employers added a record number of jobs in 2021, as a gauge of layoffs fell to a half-century low and available positions surged on strong demand for labor during the economy’s recovery from pandemic-related shutdowns… Link to Story
-
Municipal Bond Credit Report: Moody’s revises Jackson, Mississippi’s outlook to stable
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Investors Service said it revised the outlook on Jackson, Mississippi, to stable from under review… Link to Story
-
Municipal Bond Credit Report: Illinois downstate/suburban public safety pension gap increases
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The unfunded liabilities of Illinois’ suburban and downstate public safety pensions rose to $13 billion in the last year of compiled results reported to the state, continuing a 29-year climb that underscores the deep strains on local government budgets… Link to Story
-
Municipal Bond Credit Report: Homes Sold in November at Fastest Pace in 10 Months
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Existing-home sales, which rose in November to the highest seasonally adjusted annual rate since January, are on track for their strongest year since 2006 as low mortgage-interest rates and a robust job market drive up demand… Link to Story
-
Municipal Bond Credit Report: Jobless Claims Hold Near Historic Lows, Showing Labor Market Remains Tight
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Worker filings for unemployment benefits hovered at the lowest level in more than half a century last week as a strong labor market kept layoffs low, despite rising concerns about the rapid spread of the Omicron variant… Link to Story
-
Municipal Bond Credit Report: Consumer Spending Rose at a Cooler Pace in November
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Consumer spending rose more slowly in November, raising risks of a broader economic slowdown amid the latest wave of Covid-19 cases… Link to Story
-
Municipal Bond Credit Report: Harvey, Illinois, working to meet June deadline on debt restructuring
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Harvey, Illinois, believes it can meet a June bondholder settlement deadline to restructure defaulted debt even as work continues to resolve litigation its long been mired in with Chicago over its water supply… Link to Story
-
Municipal Bond Credit Report: U.S. Retail Sales Slow With Holiday Shoppers Facing Inflation, Shortages
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Retail sales rose modestly at the start of the holiday season, as shoppers faced rising inflation and supply shortages, and some snapped up gifts earlier… Link to Story
-
Municipal Bond Credit Report: Fed Officials Project Three Rate Rises Next Year and Accelerate Wind Down of Stimulus
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Most Federal Reserve officials signaled Wednesday they were prepared to raise their short-term benchmark rate at least three times next year to cool high inflation… Link to Story
-
Municipal Bond Credit Report: Port Authority of NY-NJ gets outlook boost from Moody’s
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Port Authority of New York and New Jersey received a boost from the capital markets when Moody’s Investors Service changed its outlook to stable from negative… Link to Story