The University of Michigan’s final January consumer sentiment index reading was 72.5, compared to the final January 75.0 and the preliminary January 74.0 reading, according to market sources.
The expectations index was 68.0, compared to 69.1 in January. while the current conditions index was 79.6, compared to 84.2 in January.
Economists polled by Thomson Reuters had predicted a 74.0 reading for the main index, an 84.2 reading for current conditions, and a 69.1 reading for expectations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
