Market perspectives

Consumer prices rose more than expected in August, but a sharp increase in weekly jobless claims coupled with other recent weak readings on labor conditions should tip the Fed toward easing next week.

A fourth consecutive lackluster jobs report solidifies the case for Fed rate cuts.

Heavier bond issuance and policy-related volatility have challenged municipal market returns so far this year. However, neither are likely to be the primary driver of returns over the longer term.