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The value of business inventories rose 0.7% in August, matching a 0.7% gain in business sales, a Commerce Department report Friday showed.

President Donald Trump’s eventual pick to lead the Federal Reserve won’t have much scope to abruptly chart a new policy course, Boston Fed President Eric Rosengren said Friday.

Municipal bond traders on Friday are looking ahead to next week’s new issue slate as yields began the session largely unchanged.

The value of retail sales rose 1.6% in September and were up 1.0% excluding motor vehicle sales following upward revisions in July and August.

The Consumer Price Index rose 0.5%, slightly below expectations for a 0.6% gain, while core CPI rose only 0.1% compared with a 0.2% expected gain, the Bureau of Labor Statistics said on Friday.

The Senate is expected to take up the legislation after it returns next week.

In the week ended Oct. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index slipped to 4.02% from 4.03% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

City Council member Paul Krekorian counters that city is still in good financial shape.

The city is looking for banks to lead a tender offer and refunding of bonds issued as part of its bankruptcy exit.

The law provides increased revenue-raising flexibility for storm water management.