The Chicago Fed Midwest manufacturing index slipped 1.1% in April to a seasonally adjusted level of 81.0 after the March report showed a revised 2.9% decrease to 81.8, originally reported as a 2.4% drop to 82.0, the Chicago Fed reported.
Nationally, the Federal Reserve Board’s industrial production index for manufacturing fell 0.2% in April. Overall manufacturing output in the region dropped 22.7% from a year earlier, compared to a 14.3% decline in output nationally in that period.
"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.
