Markets

The seasonally adjusted Milwaukee Report on Business decreased to 59.62 in November from 63.61 in October.

Personal income rose 0.4% in October, compared with a 0.3% gain expected. At the same time, nominal PCE was up 0.3%, as expected.

Initial claims for U.S. state unemployment benefits fell by 2,000 to 238,000 in the November 25 holiday week, only slightly below the 240,000 level expected, data released by the Labor Department Thursday showed.

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.