Markets

The Midwest Economy Index remained at a revised negative 0.12 in October, the Federal Reserve Bank of Chicago said Thursday.

The muni market weakened Wednesday as issuers flooded into the market to beat tax reform.

The bonds for Florida’s Brightline train project are rated BB-minus by Fitch.

Nearly all Federal Reserve districts reported modest or moderate economic growth in the past six weeks as business outlook improved and hurricane-related rebuilding pushed prices higher, the latest Beige Book survey showed Wednesday.

“Strengthened” financing agreements for the KFC Yum! Center debt, including longer taxpayer support, resulted in higher ratings.

Westchester County’s triple-A rating may be at risk if the large New York suburban municipality fails to establish permanent revenue streams, according to S&P Global Ratings.

The muni market picked up right where it left off on Tuesday: with a steady stream of supply, the dilemma of how to beat tax reform and a weaker tone.

Issuers frantically go to market to get deals done while they still can — as the tax bill continues the long path to becoming law.

Pending home sales rose 3.5% to an index reading of 109.3 in October, from a downwardly revised 105.6 in September, a 0.4% drop, according to a report released Wednesday by the National Association of Realtors.

Third quarter GDP growth was revised up to a 3.3% annual rate from the 3.0% pace in the advance estimate, as expected, data released Wednesday by the Bureau of Economic Analysis showed.