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Municipals qwere mixed a day after the Federal Reserve raised interest rates while in the primary, a New York issuer competitively sold $1.6 billion of notes.

A ballot measure to split California into three states qualified for the state's November ballot.

Business inventories in April rose 0.3%, as expected data released by the Commerce Department showed.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

Philadelphia City Controller Rebecca Rhynhart discusses her election victory last year knocking off a longtime incumbent along with some of the city’s most pressing fiscal issues including a controversial soda tax and whether to continue providing abatements on new construction. Andrew Coen hosts.

Import prices rose 0.6% in May, while export prices also gained 0.6%, the Labor Department reported.

Initial jobless claims fell 4,000 to 218,000 in the latest reporting week, the Labor Department reported.

Retail sales rose 0.8% in May overall and 0.9% excluding motor vehicle sales, well ahead of analysts' expectations, the Commerce Department reported.

Only nine states reported making midyear budget cuts totaling $830 million this year compared to 22 states that cut $3.5 billion in 2017.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.