Retail sales jumped 1.6% in March, beating analysts’ expectations in large part due to a 6.7% rise in motor vehicle and parts sales, the Commerce Department reported today.
Excluding autos, retail sales increased 0.6%, also well above economists’ estimates.
Economists polled by Thomson Reuters had expected retail sales to rise 1.2% for the month and for sales excluding autos to increase 0.5%, according to the median estimate.
"April has been one of the worst-performing months over the past five years, which we believe warrants continued caution," BlackRock strategists said.
The public finance industry has been tracking the growth of the IRS budget with concerns that funding boosts would translate into higher audit rates for bond transactions.
Los Angeles Mayor Karen Bass aimed high in her State of the City speech just days before she will release a budget that needs to close a nearly half-billion-dollar deficit.
"We believe in this," Transportation Secretary Pete Buttigieg said.
The firm said Saporito's hiring is among several other additions made to beef up Wells Fargo's commitment to munis.
While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.
