| Indicator | Last Report | Forecast | Actual |
|---|---|---|---|
| PPI | April: +0.2% | May: +1.0% | May: +1.4% |
| PPI Core | April: +0.4% | May: +0.2% | May: +0.2% |
| Housing Starts | April: 1.008M | May: 985,000 | May: 975,000 |
| Building Permits | April: 982,000 | May: 960,000 | May: 969,000 |
| Current Acct | Q4: -$167.2B | Q1: -$172.0B | Q1: -$176.4B |
| Industrial Prod. | April: -0.7% | May: -0.1% | May: -0.2% |
| Capacity Util. | April: 79.6 | May: 79.7 | May: 79.4 |
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
