| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Housing Starts | Jan.: 1.251M | Feb.: 1.260M | Feb.: 1.288M |
| Building Permits | Jan.: 1.293M | Feb.: 1.260M | Feb.: 1.213M |
| Initial Jobless Claims | 3/4: 243,000 | 3/11: 240,000 | 3/11: 241,000 |
| Continuing Claims | 2/25: 2.060M | 3/4: 2.050M | 3/4: 2.030M |
| Philly Fed Manufacturing | Feb.: 43.3 | March: 30.0 | March: 32.8 |
Fed Chair Kevin Warsh took a hawkish tone on inflation in his Jackson Hole speech, sparking a selloff in short-term UST yields.
With the Fed chair focusing on inflation, the markets have increased the odds of a September rate hike.
The administration is seeking industry feedback on funding mechanisms and the use of public-private partnerships in spaceport development.
The revised bill removes provisions creating state-backed credit enhancement for affordable housing bonds, calling instead for a study of housing finance tools.
Moody's Ratings cited the increasing likelihood the federal government won't continue leasing the current Washington, D.C., headquarters for NASA.
California's fall issuance plans bring a big name into the market at a time when high muni issuance levels have withstood higher interest rates.
