Markets

Munis spent most of the day in a defensive stance as the Fed met to decide the course of monetary policy.

The initial public offering will raise up to $540 million to expand Florida's passenger train system and acquire the Las Vegas XpressWest project.

The MTA, amid political debate over funding and control, intends to sell $500 million of transportation revenue bonds and $750 million of BANs.

The Federal Open Market Committee is set to announce its decision on interest rates this afternoon.

A top House Democrat warned the Trump administration not to engage in debt limit brinksmanship that could halt trading in state and local government securities.

Pending home sales dropped 2.2% to an index reading of 99.0 in December, after a revised 0.9% decline to 101.2 in November.

Private-sector employment increased by 213,000 in January, on a seasonally adjusted basis, ADP estimated Wednesday.

Panelists at The Bond Buyer's National Outlook Conference said state and local governments are on their own, at least for now, to fund infrastructure.

A statewide ballot measure would be needed to implement the required constitutional changes.

The municipal bond market is seeing some much anticipated supply hit the screens.