May 2024

FL SAFE Newsletter

Market Update: A Mixed Bag of Data

Inflation, employment and GDP growth data received in April all contributed to declines in stock and bond prices. During April, Fedspeak focused on patience with respect to a potential rate cut. In his press conference following the May 1, 2024, FOMC meeting, Federal Reserve Chairman Powell noted a “lack of further progress” regarding inflation data, while reiterating that policy remains sufficiently restrictive.  Continue Reading…

Click below for Standard and Poor’s ratings of FL SAFE’s Stable NAV and Variable NAV Funds:

STABLE NAV

VARIABLE NAV

INVESTMENT POLICY

The FL SAFE Investment Policy provides details on the organizations, objectives and purpose of FL SAFE. It also discusses the permitted investments, authorized financial institutions, standards of care and other administrative issues.

Stable NAV Investment Policy

Variable NAV Investment Policy

Term Series Investment Policy

RESOURCES

2024 Holiday Schedule

LINKS

FLORIDA ASSOCIATIONS

• Florida Association of Court Clerks & Comptrollers – www.flclerks.com/index.html
• Florida League of Cities – www.flcities.com
• Florida Association of District School Superintendents – www.fadss.org
• Florida School District Map – http://www.floridasmart.com/education/districts.htm
• Florida Government Finance Officers Association – www.fgfoa.org
• Florida Association of Special Districts – www.fasd.com
• Florida Association of Counties – www.fl-counties.com
• Florida Tax Collectors Association – www.floridataxcollectors.com/index.php
• Florida Association of Community Colleges – www.facc.org
• Florida Association of City Clerks – www.floridaclerks.org
• Florida Association of Colleges and Universities – www.facuflorida.org
• Florida City and County Management Association – www.fccma.org
• Florida School Finance Officers Association, Inc. – www.fsfoa.org

NATIONAL ASSOCIATIONS

• Government Finance Officers Association – www.gfoa.org
• Federal Reserve – www.federalreserve.gov
• International City/County Management Association – www.icma.org

FINANCIAL NEWS

• Bloomberg – www.bloomberg.com
• CNN Financial – money.cnn.com
• CNBC – www.cnbc.com
• Wall Street Journal – www.wsj.com
• Business Week – www.businessweek.com
• Marketwatch – www.marketwatch.com

RATING AGENCIES

• Standard & Poor’s – www.sandp.com
• Moody’s Investors Services – www.moodys.com
• Fitch Rating – www.fitchratings.com