Author: Geoff Weitzel
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Municipal Bond Credit Report: Federal aid and borrowing to patch Chicago budget, fund social programs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Mayor Lori Lightfoot plans to use $1.3 billion of the city’s $1.9 billion in federal coronavirus aid for budget relief through 2023 with the remainder, and $660 million of borrowing, funneled toward social, economic and infrastructure recovery initiatives… Link to Story
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Municipal Bond Credit Report: Fed Officials See ‘Transitory’ Inflation Lasting Quite a While
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target… Link to Story
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Municipal Bond Credit Report: Hot U.S. Housing Market Cooled Some in August
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The turbocharged housing market slowed in August as near record asking prices are giving buyers pause, easing some of the frenzy that gripped the market only a few months ago… Link to Story
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Municipal Bond Credit Report: U.S. and European Economies Slowed by Delta Variant, Supply Chain Bottlenecks
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. and European economies slowed in September as supply-chain bottlenecks and worries over the Delta variant weighed on businesses, adding to signs the global economy is experiencing a soft patch amid an uneven recovery, purchasing managers’ surveys showed… Link to Story
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Municipal Bond Credit Report: SEC Charges School District and Former Executive with Misleading Investors in Bond Offering
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Securities and Exchange Commission today charged a San Diego County school district, Sweetwater Union High School District, and its former Chief Financial Officer, Karen Michel, with misleading investors who purchased $28 million in municipal bonds… Link to Story
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Municipal Bond Credit Report: North Carolina law grants power to dissolve troubled municipalities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A new North Carolina law allows a state commission to disband severely stressed cities or towns that have become a financial threat to local taxpayers… Link to Story
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Municipal Bond Credit Report: Short-Lasting Inflation Depends on Long-Lasting Goods
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Until the Covid-19 pandemic, that is. For the past year, prices for durable goods have been rising—and not just by a little. Whether those prices come back down is a key part of the puzzle facing the Federal Reserve as it plots how to handle an unexpectedly strong burst of inflation……
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Municipal Bond Credit Report: Inflation Eased in August, Though Prices Stayed High
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Inflation cooled slightly in August but remained strong, as a surge in Covid-19 infections slowed economic growth and pandemic-related shortages of labor and supplies continued to drive up prices… Link to Story
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Municipal Bond Credit Report: U.S. Jobless Claims Remained Near Pandemic Low Last Week
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Jobless claims rose slightly last week but remained near a pandemic low, as layoffs stabilize amid an economic slowdown tied to rising coronavirus cases… Link to Story
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Municipal Bond Credit Report: How the U.S. Nailed the Economic Response to Covid-19
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Countless things have gone wrong since Covid-19 arrived on American shores, yet this week we got proof of something that really went right: the economic policy response… Link to Story