| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| ADP | Jan.: +261,000 | Feb.: +190,000 | Feb.: +298,000 |
| Productivity | Q3: +3.3% | Q4: +1.5% | Q4: +1.3% |
| Unit Labor Costs | Q3: +0.7% | Q4: +1.6% | Q4: +1.7% |
| Wholesale Inventories | Dec.: +1.0% | Jan.: -0.1% | Jan.: -0.2% |
| Wholesale Sales | Dec.: +2.4% | Jan.: +0.3% | Jan.: -0.1% |
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.
