WASHINGTON — Retail sales increased by a seasonally adjusted 0.4% in March as sales excluding autos rose 0.8%, the Commerce Department reported Wednesday.
February retail sales were revised to a 1.1% increase and sales excluding autos were up a revised 1.1%.
Economists had expected that sales would increase 0.5% and sales excluding autos would increase 0.7%, according to the median estimate from 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.
