Markets

Industrial production grew 0.4% in August, the Federal Reserve reported Friday.

Prices for goods imported by the U.S. fell in August by the most in more than two years.

U.S. retail sales rose by less than forecast in August following an upwardly revised July gain.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 4.07% from 4.03% the week before.

House Republicans want to make permanent the $10,000 cap on state and local tax deductions and the lower tax rates for individuals, both of which are due to expire at the end of 2025.

This week’s trading volume indicates there will be robust demand for municipal bonds, Morgan Stanley Wealth Management says.

The Fitch Ratings action does not affect its AAA rating for LAUSD general obligation bonds, which are rated based on a dedicated tax analysis without regard to the district’s finances.

The federal government ran a $214.1 billion deficit in August.

The report found that 61% of the 341 finance officers who participated in the survey anticipate negative future impacts on their city's financial health from the termination of advance refundings, while 35% said they already have seen negative impacts.

Municipal bonds were little changed on Thursday as a big sale out of Nevada hit the screens.