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COVID made predicting the economic future even more difficult. While calls for a recession and rate cuts for this year didn't pan out, here's what experts see for 2024.
December 22 -
The issuer is set to come to market with general revenue bonds the week of Jan. 21, according to its investor website.
December 21 -
"Preserving a livable planet and a thriving economy will require a collective global commitment both to the phase-out of fossil fuels and to massive new investments," said New York Comptroller Brad Lander.
December 21 -
The county said this action will reduce its debt service costs by $115.9 million over the next six years.
December 21 -
"It's important that we start to move rates down," Harker said Wednesday in a local radio interview. "We don't have to do it too fast, and we're not going to do it right away."
December 20 -
The county plans to sell $2.5 billion of tax-exempt sewer revenue warrants to refund the debt issued to finance its 2013 exit from Chapter 9 bankruptcy.
December 20 -
SIFMA, which also filed a brief, said the District Court judge's rejection of a bondholder lien on PREPA's revenues "grossly misreads the underlying bond documents."
December 19 -
So far, the temporary Bally's casino in Chicago has brought in about a quarter of the tax revenue it needs to generate to keep up with budget expectations.
December 19 -
The suit contends PREPA's fiscal plans and budgets were manipulated to deprive bondholders of their claim on the authority's revenues and depress the value of the bonds.
December 18 -
Administering Covid relief funds was hampered by communication hurdles
December 18 -
The Municipal Securities Rulemaking Board's request for comment on Rule G-12(c) on inter-dealer confirmations should eliminate the provision altogether as many of its applications have been rendered obsolete.
December 18 -
The Federal Open Market Committee meets Dec. 12 and 13 and in addition to their statement, they will issue a Summary of Economic Projections.
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The nation's fourth-largest city will have new officials at the helm of its government and finances for the first time in eight years.
December 18 -
The $250 million of new money social bonds will finance public school construction projects, with another $190 million refunding debt issued to build schools.
December 15 -
Federal Reserve Bank of New York President John Williams said it's too early for officials to begin thinking about cutting rates as soon as March as they consider whether policy is restrictive enough to get inflation back to 2%.
December 15 -
The experts, hired by bond parties, say the Oversight Board's economic and expense assumptions underlying its plan of adjustment are too pessimistic.
December 15 -
After months of speculation, the firm confirmed it would "wind down" its municipal underwriting and market-making activities after a "broad-based review" of its muni business, according to a company memo.
December 14 -
Secondary trading showed clear strength across the yield curve Thursday with bellwether names trading up significantly from recent prints and original pricing levels. New-issues in the primary benefited with issuers repricing to lower yields and tight to triple-A curves.
December 14 -
Republican Congresswoman Lori Chavez-DeRemer pressured the Federal Highway Administrator to stop the state's tolling plan for highways in the Portland area.
December 14 -
Muni yields fell up to five basis points and dramatically underperformed USTs, as they are wont to do on FOMC days. Treasury yields fell as much as 29 basis points on the two-year and sent the 10-year down closer to the 4% threshold.
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