Employers in the U.S. probably took on more workers in February than a month earlier, indicating companies were becoming more confident the economy will rebound from a slowdown partly attributed to bad weather, economists forecast a Labor Department report to show.
When Bank of England Governor Mark Carney presents his quarterly economic forecasts this week, he faces a challenge similar to that faced by his colleagues at the Federal Reserve: how to convey the probable path of policy as stronger-than-expected growth moves up the likely date for reaching thresholds for considering an interest-rate increase.
On the heels of last week’s decision by the Federal Reserve to trim stimulus, central banks in Europe will probably maintain a steady course this week. The European Central Bank and the Bank of England will hold their key rates at record lows, according to economists surveyed by Bloomberg. The Reserve Bank of Australia will also keep its benchmark rate at a record low.
Investors prizing Princeton University bought $200 million of its bonds today at yields below top-grade municipal debt. Some residents of the school’s New Jersey hometown are less impressed: They’re suing to strip the institution of its property-tax exemption.
Atlantic City’s borrowing costs have risen as much as 21 percent since 2012 as the New Jersey gambling resort increases debt to refund property-tax bills appealed by casinos struggling with a seven-year business slump.
New Jersey and New York City, two of the municipal bond market’s largest borrowers, lead the biggest week of state and local government sales in a month as issuers test demand after investors pulled $12.5 billion from muni mutual funds in December.
Australia’s central bank will raise borrowing costs only one more time this year amid signs the nation’s economic expansion won’t push the inflation rate above Governor Glenn Stevens ’s target range, Citigroup Inc. said.