PUBLIC FINANCE TRENDS
Declining Interest Rates, Increasing Financial Disclosures
The graph above-left compares the Bloomberg municipal AAA interest rates from 1/3/19 with those from 5/3/19. Interest rates have come down by as much as 0.42% in the 19-year term (2038). As the Federal Reserve maintains a very conservative approach to changes in the Fed Funds Rate, this downward trend in interest rates is likely to remain.
by Laura Fox
INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA
GDP May Fall From Strong Q1
Rising exports, lower imports and higher inventory offset weaker growth in consumer spending and business investments. Final sales to domestic purchasers rose only 1.3% for the quarter. This measure of domestic demand fell for the third consecutive quarter. Despite some underlying weakness, the GDP report exceeded much lower expectations from earlier this year.
by Laura Fox 