| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Durable Goods | April: -1.0% | May: -0.5% | May: -1.8% |
| Durable Goods ex Trans | April: -0.2% | May: +0.6% | May: +0.5% |
| New Home Sales | April: 517,000 | May: 525,000 | May: 546,000 |
| Philly Fed Non-Manf | May: 54.5 | June: na | June: 27.0 |
| Richmond Fed Mfg | May: 1 | June: na | June: 6 |
| Richmond Fed Svcs Rev | May: 13 | June: na | June: 19 |
Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.
Market participants broadly expected a rate hike, but the FOMC statement and press conference both rang more hawkish than what the markets probably anticipated, said Chris Brigati, managing director and CIO at SWBC.
A U.S. Appeals Court for the Tenth Circuit ruling vacated a lower court's permanent injunction against a project to expand the Gross Reservoir.
Fitch Ratings revised its outlook to stable from negative on the Corpus Christi utility and S&P removed it from CreditWatch with negative implications.
With the Bipartisan Infrastructure Law funding sunsetting at the end of the month, the American Public Transportation Association is staging a fly-in to lobby for advance appropriations.
Chicago will be a regional water supplier, and its water could draw the next Great Migration, Department of Water Management Commissioner Randy Conner said.
