| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| PPI | April: +0.2% | May: +1.0% | May: +1.4% |
| PPI Core | April: +0.4% | May: +0.2% | May: +0.2% |
| Housing Starts | April: 1.008M | May: 985,000 | May: 975,000 |
| Building Permits | April: 982,000 | May: 960,000 | May: 969,000 |
| Current Acct | Q4: -$167.2B | Q1: -$172.0B | Q1: -$176.4B |
| Industrial Prod. | April: -0.7% | May: -0.1% | May: -0.2% |
| Capacity Util. | April: 79.6 | May: 79.7 | May: 79.4 |
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."
Ohio politicians are racing to deliver relief as a citizens group gathers signatures for a November 2026 ballot initiative to end property taxes in the state.
As the "slope of the municipal yield curve remains extremely steep and long bonds are cheap relative to U.S. Treasuries," Daryl Clements, a portfolio manager at AllianceBernstein, predicts "long municipal bonds have a long way to go until they are considered fair value."
A group of bondholders are floating fresh financing to a bankrupt metals recycler that elevates their bonds above other holders.
Minnesota plans to go to market Sept. 23 with a $1.27 billion general obligation bond sale.
