Markets

The consumer price index rose 0.4% in August, slightly ahead of expectations for a 0.3% gain.

Initial jobless claims fell by 14,000 to 284,000 in the September 9 week, a surprise decline that suggests workers are having trouble filing for benefits.

The previous peak in PAB issuance was $14.5 billion in 2010, CDFA said.

The administrators of the school districts say the short-term loans are needed as they put together long-term fixes.

Top quality municipal bonds finished weaker on Wednesday, traders said, as more large deals hit their screens.

The federal government ran a $107.7 billion deficit in August, the Treasury Department reported Thursday.

Top-quality municipal bonds were weaker at mid-session, traders said, as the market is seeing more deals hit the screens.

Labor market “activity declined and momentum remained high in August,” the Federal Reserve Bank of Kansas City said.

Continued lack of a budget will mean a spending freeze and further rating agency backlash.

The municipal bond market will see more deals hit the screens on Wednesday, led by a big Maryland competitive sale and a second day of retail orders for the New York City offering.