The Federal Reserve’s preferred pricing index has shown signs of easing, indicating a possible interest rate cut for the first time in over four years. The recent data released by the Bureau of Economic Analysis reveals some interesting insights into the current state of inflation in the economy. Inflation Trends The personal consumption expenditures (PCE)
Politics
The American Sustainable Business Council recently filed a lawsuit in federal court in Austin, Texas, challenging the constitutionality of a 2021 state law aimed at penalizing banks and financial firms for their stance on the fossil fuel industry. The lawsuit argues that this law infringes upon the free speech and association rights guaranteed under the
The recent special session held by the Colorado Legislature had significant implications for property tax cut initiatives in the state. Governor Jared Polis hailed the passage of House Bill 1001 as a crucial step in ending the property tax conflicts that had been looming over Colorado’s municipal bond market. However, there are concerns about the
Supporters of a national infrastructure bank are pushing for a bill introduced by Rep. Danny Davis, D-Ill., that aims to establish such a financial institution. They made their case at the Democratic National Convention, emphasizing the need to capitalize on the growing momentum around this issue. The National Infrastructure Bank Coalition utilized various platforms during
The potential transfer of ownership of the deteriorating RFK stadium site from the federal government to the District of Columbia is currently at a standstill. Despite efforts from major players in the deal, such as the National Football League’s Washington Commanders, the progress seems to be halted just two yards away from the goal line.
The city of Sparks, located east of Reno in Nevada, has put forth a proposal for the construction of a 13-mile toll road under a public-private partnership (P3) model. The estimated cost of the project is around $500 million, and the plan involves forming a partnership between the Washoe County Regional Transportation Commission and Sparks
Denver voters will have the opportunity to consider a sales tax increase on the upcoming Nov. 5 ballot. This measure, proposed by Mayor Mike Johnston, aims to raise approximately $100 million annually to address the affordable housing crisis in the city. The city council voted 9-4 in favor of the 0.5% tax hike, emphasizing the
Federal Reserve Board Gov. Michelle Bowman expressed her concerns about inflation in a recent speech to the Alaska Bankers Association. She noted that price growth continues to be “uncomfortably” high and raised the alarm that inflation could start trending up again. Bowman emphasized the need to closely monitor economic data and consult with a wide
Colorado Governor Jared Polis recently announced a special legislative session for Aug. 26 in response to proposed ballot initiatives that could potentially impact public financing, education, and local government funding in the state. This move was made in an attempt to prevent the negative consequences of these initiatives and address the concerns raised by various
On November 5th, Utah voters will be faced with a decision on whether to authorize $1.237 billion in general obligation debt for two major issuers. The Salt Lake City School District Board of Education has proposed a plan to seek $730 million in bonds for the rebuilding of two high schools, construction of an athletic