Washington

The muni market weakened Wednesday as issuers flooded into the market to beat tax reform.

The developer's transformational plan relies on roughly $250 million of bond financing.

Nearly all Federal Reserve districts reported modest or moderate economic growth in the past six weeks as business outlook improved and hurricane-related rebuilding pushed prices higher, the latest Beige Book survey showed Wednesday.

Dragged down by prices not sensitive to the economy, inflation should rise next year, Federal Reserve Bank of San Francisco President John Williams says.

The muni market picked up right where it left off on Tuesday: with a steady stream of supply, the dilemma of how to beat tax reform and a weaker tone.

A federal judge has barred Ramapo, N.Y., from issuing new bonds for three years unless it hires an independent disclosure counsel.

Issuers frantically go to market to get deals done while they still can — as the tax bill continues the long path to becoming law.

Blaming “transitory factors” for low inflation rates, Federal Reserve Board Chair Janet Yellen said Wednesday she expects gradual fed funds rate increases for “the next few years.”

Sen. Collins said a partial restoration of the SALT deduction will help get her vote for tax bill.

The muni market was buzzing with activity on Tuesday, as issuers rushed to sell bonds that may no longer be allowed next year.