Fiscal progress seen in New Orleans as bond offering nears

By: Robert Slavin

Excerpt from the article:

(June 25, 2026) Cumberland Advisors Chief Investment Officer John Mousseau was more cautious. He said short-term interest rates are likely increasing and this puts the city in a difficult situation. "The new mayor, Helena Moreno, certainly has her work cut out for her.  The city has dug into its reserves and that really needs to stabilize."

The city needs to get Federal Emergency Management Agency reimbursements, Mousseau said. "Longer term, they need to get a budget that fits the slower revenue flows into the city."

Click here to read the full article on the Bond Buyer website. 

John R. Mousseau, CFA
Chief Investment Officer
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