| 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 |
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.
In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."
"Normalized supply, a supportive rate environment and favorable technicals propelled the municipal market to the best October performance [in decades]," said Robert J. Lind.
Attorneys for the Archdiocese said it is "inevitable" bondholders will be hit with a cramdown.
Meanwhile, the Brightline West train project has floated a possible debt exchange ahead of its own mandatory redemption later this month.
Pennsylvania's budget impasse has surpassed four months. Local governments and schools that rely on state funds are getting frustrated.
