Markets

Top-rated municipal bonds finished weaker on Wednesday, according to traders, after the Federal Open Market Committee as expected left rates unchanged at a 1% to 1.25% range.

Florida’s share of hurricane-related costs will weigh on the state as it nears a structural budget imbalance.

Top-rated municipal bonds were unchanged at midday, according to traders, who were in a wait-and-see mode as the Federal Open Market Committee gets set to announce its decision on interest rates.

The authority, which runs Greater Boston mass transit, intends to sell the bonds as part of a $574 million competitive sale.

S&P Global Ratings cited fiscal shakiness while Gov. Tom Wolf called for an end to the budget impasse.

Existing home sales declined 1.7% to a seasonally adjusted 5.35 million-unit rate in August , the National Association of Realtors announced Wednesday.

The municipal bond market will see a quiet day on Wednesday as the Federal Open Market Committee gets set to announce its decision on interest rates at the conclusion of its two-day meeting in the afternoon.

Top-quality municipal bonds ended weaker on Tuesday, according to traders, as more supply came their way with an upsized N.Y. MTA green bond sale headlining the new issue slate.

A tax policy conflict between Minnesota's Democratic governor and Republican lawmakers remains unresolved.

Municipal bonds were mixed at mid-session as the New York Metropolitan Transportation Authority’s green bond sale headlined Tuesday’s new issue slate.