Markets

Labor market “activity declined modestly and momentum remained high in January,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) slid to 0.97 from 1.06 in December, the Bank said Wednesday.

A key measure of U.S. inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve's recent decision to be patient on raising interest rates.

The private passenger train operation that debuted as Brightline says it will stay private for now.

The primary market was active on Tuesday as deals from the Dormitory Authority of the State of New York and the state of Texas hit the screens.

An SEC muni office official discussed 15c2-12 and more on Tuesday.

Richard Neal, D-Mass., raised optimism among state treasurers that advance refunding of municipal bonds may be part of "a combination of funding sources."

The state of Texas competitively sold bonds while the DASNY deal was priced for retail investors.

U.S. job openings rebounded, reaching a record in December as the rate of those leaving jobs held steady, underscoring robust demand for workers.

Sentiment among U.S. small businesses slumped in January to the lowest level since Donald Trump became president, as the economic outlook weakened amid the longest-ever U.S. government shutdown.

The muni market firmed up on Monday, ahead of what should be another busy week.