The February consumer price index was disappointingly high at plus 0.4% overall and up 0.2% at the core, a bit worse than the Street expected.
Overall CPI rose 0.2% higher over the year, and the core increased 1.8%, a little higher than in January.
Core was boosted by apparel at plus 1.3% as both men’s and women’s clothing rose in price, new vehicles at plus 0.8%, drugs at plus 0.6%, tobacco at plus 0.7%, and recreation at plus 0.4%.
— Market News International
A combination of a "stronger-than-expected economy, higher Treasury rates, robust supply, and rich valuations resulting in choppy markets" have made the trading environment in H124 "quite difficult," according to Barclays.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
