U.S. inflationary pressures were flat in August, as the U.S. future inflation gauge remained 106.9 from the unrevised July 106.9 reading, according to data released Friday morning by the Economic Cycle Research Institute.
"With the USFIG almost at a six-year high, underlying inflation pressures have clearly risen since last fall," ECRI Chief Operations Officer Lakshman Achuthan said in a release.
Steven Mahr moved to Chicago two years ago, and in March, he moved from Stifel to the city's finance department, where he's now happily tackling tough problems.
S&P Global Ratings joined Moody's in assigning a negative outlook to its triple-A rating, but a criteria change pushed Fitch's rating of the city up to AAA.
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.
