Inflation expectations for the coming year fell to 1.8% from 2.0%, according to respondents to the Federal Reserve Bank of Atlanta's monthly business survey, released Friday.
Inflation uncertainty remained at 2.4%. Respondents said unit costs rose 1.8% in the past 12 months.
Sales were termed "at or above normal," while profit margins "deteriorated somewhat," the survey said.
A possible increase in Democratic representation and property tax referendums have implications for state and local governance.
Muni investors' fears for the economy and war were overpowered by their fear of missing out, said Peter Delahunt, head of the municipal bond department at StoneX.
The center provides research, training and outreach on state and local governments' public money decisions.
Leases backing many of the bonds are scheduled to expire before the debt is fully repaid, Moody's warned.
The muni market will also receive $28 billion of principal and interest set to be paid to investors Thursday, according to CreditSights.
The SEC would have a hard time "proving even one, let alone all, of the requirements necessary for 'control person liability,'" one the JPAs said.
