Markets

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

During more than a half century in the municipal bond business, Edward A. Moos was proprietor of E.A. Moos & Co. and a past governor of the Municipal Bond Club of New York.

U.S. inflation accelerated in May to the fastest pace in more than six years, reinforcing the Federal Reserve's outlook for gradual interest-rate hikes while eroding wage gains that remain tepid despite an 18-year low in unemployment.

Small business optimism gained in May, reacting to tax cuts and regulatory changes, while nearly one in five respondents expect to raise prices.

Muni bond buyers were wary ahead of this week’s smaller-than-average new issue calendar as Federal Reserve policy makers gathered.

Municipal bonds were mixed ahead of this week’s smaller-than-average new issue calendar and the FOMC meeting.

Consumers’ inflation expectations held, but respondents’ optimism about income and spending slid.

Fiscal restraints under a new bond covenant contributed to strong demand for a state GO sale, said state Treasurer Denise Nappier.

Riverdale, Illinois, will leverage its share of state income tax taxes with a junk-rated deal.

S&P Global Ratings revised Alaska's outlook to stable from negative.