The overall economy grew for the sixth straight time after seven months of contraction, while the manufacturing sector expanded for the third time after 18 months of contraction, according to a report issued yesterday by the Institute for Supply Management.
The ISM index jumped to 55.7 in October from 52.6 in September.
Economists polled by Thomson Reuters predicted a 53.0 reading.
The closely watched prices paid index rose to 65.0 from 63.5. The employment index was at 53.1, up from 46.2 .
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
