WASHINGTON — U.S. import prices jumped 1.4% in January, as both fuel and nonfuel prices rose, the Labor Department reported today.
Economists expected January import prices to rise 0.8%, according to the median estimate from Thomson Reuters. Import prices increased 11.5% from January 2009.
The January jump came as December import prices rose a revised 0.2%, previously reported as flat.
Nonpetroleum imports rose 0.6% in January, following an unrevised 0.5% rise in December.
"The steady tone talks to the underlying demand" for munis, NewSquare Capital's Kim Olsan said. "For the moment, munis are holding steady with a watchful approach.
Illinois curently plans $3.2 billion of bond sales in FY2027 under Gov. JB Pritzker's executive budget, the Commission on Government Forecasting and Accountability said, adding additional authorization requests are expected.
The city and United Airlines are navigating geopolitical volatility looking for an opportunity to sell the debt.
The California Municipal Finance Authority will issue $742 million in tax-exempt debt for the San Francisco Municipal Transportation Agency's first P3.
New Hampshire will not include a refunding of 2016 GOs in its annual deal.
The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.
