WASHINGTON — Import prices rose 2.2% in April, as prices in the first quarter rose 6.7%, marking their largest gain since 2008, the Labor Department reported Tuesday.
The April increase in import prices was mostly due to the higher cost of petroleum. Imported petroleum increased 7.2%, while non-petroleum import prices rose just 0.6%.
The April import price increase was higher than the 1.8% forecast by economists polled by Thomson Reuters.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
