Markets

Retail sales rose 0.8% in May overall and 0.9% excluding motor vehicle sales, well ahead of analysts' expectations, the Commerce Department reported.

Municipal bonds turned weaker after the Federal Reserve raised interest rates.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The second Illinois municipality stung by new state pension intercept rules has settled with its firefighters' fund.

Mayor Bill de Blasio and the City Council face a raft of uncertainties about their third straight early budget.

The municipal bond market is waiting for the Federal Open Market Committee interest rate announcement.

U.S. producer prices rose more than forecast in May as the cost of fuels surged by the most in three years, a Labor Department report showed Wednesday.

The Government Finance Officers Association said Tuesday it generally supports most of the recommendations an SEC panel plans to discuss in Atlanta later this week.

Municipal bonds weakened Tuesday ahead of the Federal Reserve’s monetary policy meeting as new supply headed into the marketplace.

The federal government ran a $146.8 billion deficit in May, the Treasury Department reported Tuesday.