Markets

November housing starts rose by 3.2% to a 1.256 million annual rate, according to data released Tuesday by the Commerce Department.

New York service sector activity “expanded slightly” in December, according to the Federal Reserve Bank of New York's Business Leaders Survey.

Market participants will focus on reading the tea leaves of the Fed statement Wednesday.

Reps. Brian Mast and Bill Posey asked Transportation Secretary Elaine Chao not to extend a Dec. 31 deadline to issue private activity bonds.

The municipal bond market will see a week of meager issuance, as all eyes are on the Federal Open Market Committee and its upcoming meeting.

Builders’ confidence in the market for new single-family homes fell in December as affordability issues remain.

The municipal bond market winds down the year by seeing only $1 billion of new issues slated to price this week. It’s a far cry from last December, which saw a mad rush to market ahead of the new tax laws.

Business activity “continued to expand, though growth was noticeably slower than in recent months,” the December Empire State Manufacturing Survey suggested.

The holiday season kicks off for the municipal bond market as new issue supply slows to a crawl while the year winds down.

Atlantic City casino revenue was up 20% year-over-year in November.