The Chicago Fed National Activity Index for November remained negative, but improved to negative 0.27, from a downwardly revised negative 0.89 reading in October (originally reported as negative 0.73). Meanwhile, the three-month moving average (CFNAI-MA3) increased to negative 0.53 in November, after October’s number was downwardly revised to negative 0.69 from negative 0.56, the Federal Reserve Bank of Chicago reported yesterday.In November 2006, the index was negative 0.59, while the CFNAI-MA3 was negative 0.47 in that month.The negative reading for the CFNAI-MA3 indicates national economic growth was below its historical trend and suggests little inflationary pressure in the coming year.Production-related indicators contributed positive 0.02 to the index (compared to a contribution of negative 0.54 in the previous month), while employment-related indicators contributed negative 0.10 after providing a negative 0.20 in October, the Fed said.
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The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
March 28 -
LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
March 28 -
Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
March 28 -
D.C. promises $515 million in improvements to its existing downtown arena.
March 28 -
A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
March 28 -
In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
March 28