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Daily report for December 19, 2022

Many believe the Federal Reserve will slow down rate increases beginning in December.. Steve Friedman, senior macroeconomist at MacKay Shields, will join us the day after the meeting to discuss what was done and what he expects in the future.

"This week will likely have been the last active week of the year, but it turned out to be quite eventful," according to Barclays PLC.

State spending growth topped 18.2% in FY 2022, the highest annual increase in state spending since the National Association of State Budget Officers began recording the data in 1979.

The clock is ticking on Congress waiving PAYGO for Build America Bonds, a budget bear trap that could delay promised subsidy payments totaling $14 billion to issuers.

Sixteen Republicans joined all Democrats to vote in favor of the binding plebiscite.

A previous measure prohibiting government contracts with companies that "discriminate" against the firearm industry fell short of passing the 2022 legislature.

Balance sheet damage from labor costs, the pandemic and a cybersecurity breach triggered covenant violations for Capital Region Medical Center.

Battery Park's flood-proofing projects are part of New York City's larger strategy to protect itself from the next big storm.

Municipal issuers pushed hard but unsuccessfully against the bill, which gives them four years to standardize their financial information.

Daily report for December 16, 2022

Following a procession of anti-ESG policy decisions in Kentucky, state lawmakers met last week to discuss additional requirements for companies that have cut ties with the fossil fuel industry.

Outflows returned as Refinitiv Lipper reported $1.217 billion was pulled out of municipal bond mutual funds for the week ending Wednesday after $46.912 million of inflows the week prior.

Must-pass spending bills and a debt ceiling fight are in the near future.

As rising interest rates take pension obligation bonds off the table, city finance managers are looking to other methods to manage unfunded pension obligations.

The county that incorporates Chicago chose its chief administrative officer, Tanya Anthony, to take over the top fiscal post after a national search.

Daily report for December 15, 2022

The regulation would establish a universal standard requiring dealers in any transaction with a customer to use reasonable diligence to get the customer the best price.

The Fed chairman said he believes the Fed is getting close to a sufficiently restrictive level, but they're not quite there. While two good inflation reports are good, "there's still a long way to go to price stability."

Last week's deal, upsized to $533 million, attracted $4.5 billion of orders after positive rating news including the end of Moody's speculative grade status.