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High material costs and labor shortages are expected to persist through 2022 just as states and localities are planning how to spend the Infrastructure Investment and Jobs Act money.
February 18
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Municipal bond issuers in the Southwest sold $90.8 billion of debt in 2021, down 3.2% from 2020 as lost refunding volume outpaced a gain in new-money sales.
February 18
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Federal Reserve Bank of Cleveland President Loretta Mester said she supports raising interest rates next month and tightening policy at a faster pace if needed to curb inflation.
February 17
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Refinitiv Lipper reported outflows after inflows of $216 million the previous week.
February 17
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Federal Reserve Bank of St. Louis President James Bullard said bringing down inflation may require the central bank to overshoot a neutral target interest rate, which he sees as about 2%.
February 17
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Credit strengths include strong market position and service area economic fundamentals and an expected continued strong finance performance.
February 17
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To help the city recover faster, former Lt. Gov. Richard Ravitch has proposed a dedicated state-approved revenue stream to provide additional funding for the transit system.
February 17
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While the Puerto Rico Senate would not take up a House-approved budget amendment that would allocate money to repay bondholders, analysts expect the Oversight Board to approve the funding.
February 17
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The climate change pilot program fund has attracted more than 40 interested parties seeking $47 million of funding.
February 17
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Market participants are wary that regulators may muddle ESG risk disclosure guidance with guidance regarding labeled bonds.
February 17
