New factory orders for manufactured goods surged 1.5% in November, the Commerce Department said yesterday. The factory order increase, a $6.181 billion rise to $430.3 billion, outpaced the 0.5% increase projected by IFR Markets and came after a revised 0.7% increase to $424.1 billion in October, originally reported as a 0.5% increase to $423.5 billion. Excluding transportation, the level of all new manufacturing orders rose 1.4% to about $367.0 billion in November, following a 0.7% rise in October to $361.7 billion. The increase compared to a 0.6% increase projected by IFR Markets. Excluding defense, new orders rose 2.1% to $422.8 billion, following a 0.7% increase to $413.9 billion in October. New orders for durable goods slid 0.1% to $214.0 billion in November, while orders for non-durable goods rose 3.0% to $216.3 billion in the month. Inventories increased 0.8% to $524.4 billion, while the inventory to shipment ratio fell to 1.22 in November from 1.23 in October.
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The airport's first new money foray into the muni market in nearly 12 years will begin to fund a $1.3 billion transformation plan.
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While the municipal market barely budged following the Fed's decision to cut rates 50 basis points, Thursday saw muni yields rise up to two basis points, depending on the scale, but still lagged the weakness in USTs. LSEG Lipper reported $716 million of inflows into municipal bond mutual funds.
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The Fed's 50 basis point cut surprised many, as a looming federal election and all the uncertainty that brings complicates efforts at forecasting.
September 19 -
The product is designed to give SOLVE's customers visibility into "next-trade" pricing data for more than 900,000 munis.
September 19 -
After getting positive outlooks from three rating agencies since 2023, Oklahoma received its first upgrade.
September 19 -
The agency cited a sustained commitment to healthy reserves and structural balance.
September 19