Holiday shopping season might be off to a slow start nbcnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnews.com Daily Mail and Mail on Sunday newspapers.
The Consumer Confidence Index fell to 102.6, its third straight month of declines, as inflation worries persist despite continued strong spending from consumers.
Economists are grappling with a strange quirk of the post-pandemic economy: why consumers in the U.S. and only the U.S. are spending away the money they saved up in 2020 and 2021.
Municipal bonds outperformed a losing U S Treasury market bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
"A fade in muni prices came on the heels of sovereign debt actions, leaving ratios subject to some correction with just a few sessions remaining in 2022," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.