Markets

Inflation remains tame, and although the consumer price index has ticked up, producer prices surprised to the downside Thursday.

The general obligation bonds are secured by property tax assessments that don't flow through a school district budget that is threatened with insolvency.

The Federal Open Market Committee left rates unchanged and looked likely to keep monetary policy on a steady course for the near term.

As expected the Federal Open Market Committee left rates at a range of 1.5% to 1.75%, with no officials dissenting, and the updated forecasts call for rates to remain there through 2020.

The Lansing Board of Water and Light will sell $252 million to refund bonds it issued in 2011.

"What, me worry?" was the slogan of the muni market on Tuesday as participants forged ahead to price and buy bonds.

Fitch Ratings raised Hawaii to AA-plus from AA.

The city is folding together separate syndicate and advisor teams on $1.2 billion of general obligation and Sales Tax Securitization Corp. refunding deals.

A steep decline in school district reserves drove a two-notch downgrade and has drawn a subpoena from the Securities and Exchange Commission.

Ron DeSantis appointed new Florida Development Finance Corp. board members; a bill has been introduced to place the issuer under the auspices of another state agency.