| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Personal Income | Feb.: +0.1% | March: +0.3% | March: +0.3% |
| Consumption | Feb.: +0.5% | March: +0.6% | March: +0.6% |
| Core PCE Deflator | Feb.: unch | March: +0.1% | March: +0.1% |
| Construction Spending | Feb.: -2.1% | March: -0.3% | March: +0.2% |
| ISM Index | March: 59.6 | April: 60.0 | April: 60.4 |
Muni experts discussed how macroeconomic concerns and a volatile political environment are affecting the market as the market chalks up another record year of issuance.
House Republicans hope to mark up the next surface transportation bill early next year.
Municipal bond insurance volume grew 17.7% year-over-year in the first three quarters of 2025, according to LSEG, outpacing the municipal market as a whole.
Concerns over the Texas city's future water supply after a desalination project was terminated, led to negative rating outlooks from Fitch and S&P.
Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.
Federal immigration and trade policies are a likely factor in the triple-A-rated state's weak job growth and pose risks for its southern border cities' budgets.
