| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| Personal Income | Dec.: +0.3% | Jan.: +0.3% | Jan.: +0.4% |
| Consumption | Dec.: +0.5% | Jan.: +0.3% | Jan.: +0.2% |
| Core PCE Price Index | Dec.: +0.1% | Jan.: +0.2% | Jan.: +0.3% |
| Construction Spending | Dec.: +0.1% | Jan.: +0.6% | Jan.: -1.0% |
| ISM Manufacturing PMI | Jan.: 56.0 | Feb.: 56.0 | Feb.: 57.7 |
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.
