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Seminole County board approves investment-advisor recommendations for short-term reinvestments
Summary
After a briefing by county investment advisor Scott McIntyre on markets and portfolio positioning, the board unanimously approved a motion to implement his recommended short-term reinvestments designed to match anticipated cash flow and lock favorable yields.
Seminole County commissioners approved a motion to implement the county investment advisor’s recommendations for near-term portfolio reinvestments following a market briefing from Scott McIntyre.
McIntyre told the board that recent market pricing reduced the probability of a December federal funds rate cut compared with a month earlier and that federal economic data (including CPI reporting) had been delayed. “The fed cut rates,…
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