GFOA Newsletter January 8, 2015 U.S. gross domestic product grew an annualized 5% in the third quarter, raising hope that the economic recovery is picking up momentum, according to the Washington Post. The expansion, which is 1.1 percentage point better … Read more

GFOA News Letter    December 11, 2014 Total municipal issuance, both short- and long-term, is expected to reach $357.5 billion in 2015, slightly up from the $348.1 billion estimated issuance in 2014, according to a survey by the Securities Industry and … Read more

Recent global economic and political turmoil leads to doubt about forecasts from Federal Reserve officials — and most Wall Street economists — that the Fed will begin to lift its benchmark interest rates in mid-2015 Oct 28, 2014 By Bloomberg … Read more

Oct 14, 2014 By Bob Michele A lot of downside risk in fixed income has been removed and investors should take advantage of strong investment opportunities that have formed in the bond market Patient bond investors have been rewarded in … Read more

Question hinges on whether fund company artificially boosted returns by relying on lofty valuations By Trevor Hunnicutt    September 24, 2014 An SEC investigation into how Pimco, the world’s largest bond fund manager, valued some securities in its Total Return Bond … Read more

By Alexandra Scaggs And Ira Iosebashvili    September 17,2014 The five-year bull market in U.S. stocks got a new lease on life, as investors embrace the steady-as-she-goes message the Federal Reserve is delivering on the economy and interest rates. The Dow … Read more

Paul Davidson, USA TODAY          August 22, 2014 Federal Reserve Chair Janet Yellen said Friday the recent rapid decline in the unemployment rate likely overstates the health of the labor market, which may have been altered persistently by the Great Recession. … Read more

United States Department of Labor August 19, 2014 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, … Read more

Government Finance Officers Association announcement Wednesday, July 23, 2014 On July 23, 2014, the SEC voted 3-2 to approve a final rule on its 2013 proposal to institute reforms to money market mutual funds. The commission’s final rule contains a … Read more

By Tom Schoenberg, Dakin Campbell and Christie Smythe      Jul 14, 2014 Citigroup Inc. (C) agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold … Read more