| Day | Indicator | Last Report | Forecast |
|---|---|---|---|
| Tue | Construct Spending | June: -0.4% | July: -0.3% |
| Tue | ISM Index | July: 50.0 | Aug: 49.9 |
| Wed | Factory Orders | June: +1.1% | July: +0.8% |
| Wed | Fact Ords ex Tran | June: +1.7% | July: +1.5% |
| Thu | Initial Claims | 8/23: 425,000 | 8/30: 420,000 |
| Thu | Cont. Claims | 8/16: 3.423M | 8/23: 3.425M |
| Thu | Prodctvty (final) | (P)Q2: +2.2% | (F)Q2: +3.3% |
| Thu | ULC (final) | (P)Q2: +1.3% | (F)Q2: -0.3% |
Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.
The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.
By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.
Walter O'Connor's decades-long tenure as a municipal bond portfolio manager at BlackRock will come to an end next year.
A congressional budget impasse is leading toward a stopgap funding measure via a continuing resolution which could solve a budget shortage in the District of Columbia.
The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."
