Economic growth will be steady, inflation lower, and the unemployment rate will rise in 2008, according to predictions from the Federal Reserve Bank of Chicago’s Economic Outlook Symposium released yesterday. Real gross domestic product is seen rising 2.5% in 2007 and 2008, while inflation, as measured by the consumer price index, will rise 3.6% this year and 2.6% next, symposium participants predicted. They see inflation at 4.7% by year-end and 5.0% by the end of 2008. This suggests “that overall growth in the economy is somewhat below potential,” the Chicago Fed said.“Short-term interest rates are expected to rise 17 basis points in 2008, while long-term rates are predicted to increase 30 basis points over the same time period,” the Fed said. “The trade-weighted dollar is expected to edge lower in 2008.”
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CDIAC's revamped website, which launches May 1, will offer accessibility to state and local debt from issuance through maturity; and the ability to create summary reports based on search features.
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The Governmental Accounting Standards Board is looking for feedback on disclosure requirements related to infrastructure projects.
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The MSRB is warning investors that the redemption of Build America Bonds under an extraordinary redemption provision could result in losses, especially for those purchased at a premium.
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With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.
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Teague, most recently an executive director of the municipal securities department at Morgan Stanley, will focus on surface transportation.
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Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
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