Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook.
* U.S. CPI slightly above expectations. * * Market views for 25-bp Fed rate cut in November choppy. By Chuck Mikolajczak. Global stocks were little changed while longer-dated U.S. Treasury yields edged up in choppy trading on Thursday as investors weighed the interest rate path from the Federal Reserve after economic data and comments from central bank officials.
* September CPI data higher than expected. * Unemployment claims higher than estimates. * Delta Air Lines (DAL) shares fall after Q3 results. * Energy stocks track oil prices higher. * Banks to kick off Q3 earnings season on Friday. * Indexes: Dow down 0.14%, S&P 500 off 0.21, Nasdaq down 0.05% By Sin?ad Carew and Lisa Pauline Mattackal.
* U.S. inflation annual rise smallest since February 2021. * U.S. jobless claims rise in latest week. * U.S. yield curve steepens post-data. * U.S. rate futures price in 91% chance of 25-bp cut in November. * U.S. 30-year bond auction shows strong results. By Gertrude Chavez-Dreyfuss.
Improving market dynamics have provided relief, indicating confidence in both domestic and global economic conditions Dun & Bradstreet (DNB), a leading global provider of business decisioning data and analytics, today released its Q4 2024 Global Business Optimism Insights report.
Peru's sol depreciated the most among
Latin American currencies on Thursday, with traders pricing in
an interest rate cut by the domestic central bank, while
Colombia's peso firmed, ...
The U.S. dollar slipped
against the yen on Thursday as investors weighed data showing
labor market weakness as well as a slight uptick in consumer
prices, suggesting that the Federal Reserve will ...
- Wall Street's biggest banks expect the Federal Reserve to end the process of shrinking its balance sheet next April, holding the line relative to what they told the central bank in July.
Analysts remain divided about what the stronger-than-expected consumer price index will mean for Federal Reserve policymakers since the Fed appears to be concentrating on the labor market.
Meridian Capital Group, one of the nation?s leading commercial real estate finance, investment sales and retail leasing advisors, announced today that Freddie Mac lenders may resume requesting quotes for Meridian-brokered loans beginning on January 1, 2025.
Argentina's monthly inflation rate stood at 3.5% in September, in line with a Reuters poll forecast and down from 4.2% in August, data from the INDEC statistics agency showed on Thursday. Month-on-month inflation declined dramatically in the first few months of the year but had since May stayed stubbornly at around 4%. The latest data marks the lowest level since late 2021.
AM Best has assigned a Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? to Soci?t? Nationale d'Assurance. The ratings reflect SAA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
* September CPI data higher than expected. * Delta Air Lines (DAL) down after Q3 results. * Energy stocks track oil prices higher. * Banks to kick off Q3 earnings season on Friday. * Indexes: Dow down 0.34%, S&P 500 off 0.30, Nasdaq down 0.17% By Sin?ad Carew and Lisa Pauline Mattackal.
* U.S. CPI slightly above expectations. * * Market views for 25-bp Fed rate cut in November choppy. By Chuck Mikolajczak. Global stocks fell while longer-dated U.S. Treasury yields rose on Thursday as investors gauged the path of interest rates from the Federal Reserve after data on the labor market and inflation as well as comments from central bank officials.
KBRA assigns a rating of ?BBB-? to the Series 2024-FT1 Note from FMC Issuer Trust-FMSR, master trust issuer of notes backed by a participation certificate representing an interest in MSRs that are created on mortgage loans owned by Fannie Mae or otherwise included in Fannie Mae MBS and serviced by FMC.
* Canadian dollar weakens 0.3% against the greenback. * Touches its weakest since Aug. 7 at 1.3775. * Price of US oil jumps 3.8% * 2-year yield eases 7.3 basis points. By Fergal Smith.
KBRA assigns A- long-term rating with a Stable Outlook for the El Paso County Hospital District Revenue Refunding Bonds, Series 2024. The Stable Outlook is predicated upon the District?s on-going ability to generate stable operating cash flows sufficient to service debt obligations.
-Slowly cooling inflation and a U.S. job market that remains strong but at risk of deteriorating give a green light for more interest-rate cuts in coming months, Federal Reserve policymakers indicated in remarks on Thursday, even as one suggested that skipping a move in November may be in order.
A stronger-than-expected September Consumer Price Index report has not shifted the overall market narrative of continued disinflation, nor has it altered expectations for a potential interest rate cut in November. Headline inflation came in slightly above forecasts. The Consumer Price Index rose by 2.4% in September from a year earlier.
* September CPI data higher than expected. * Delta Air Lines (DAL) down after Q3 results. * Energy stocks track oil prices higher. * Banks to kick off Q3 earnings season on Friday. * Indexes: Dow down 0.08%, S&P 500 flat, Nasdaq up 0.18% By Lisa Pauline Mattackal and Pranav Kashyap.
Houston and other Texas cities are under financial pressure caused by weather disasters, public safety salaries and pensions, or capped property tax collections.
* Fed's Goolsbee says rates need to drop 'fair amount' * NY Fed chief says timing, pace of cuts depend on data. * Markets bet Fed to cut in quarter-point increments. By Ann Saphir and Michael S. Derby.
- The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April, as a string of stronger-than-expected economic data caused investors to scale back bets on further Federal Reserve interest-rate cuts.
Federal Reserve Bank of New York President John Williams said Thursday he does not know when the central bank will end the process of shrinking its balance sheet. When it comes to shutting down quantitative tightening, or QT, Williams noted, "when will that be?
Today, we got the September Consumer Price Index report which showed an overall increase of 2.4% for the last year and 0.2% for the month. The all-items CPI is down substantially but the Core rose for the first time in over a year. This fell from 2.8% to 2.4% in the last month. Food: Food inflation came in at 2.4%, down 0.1% from last month.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.32 percent. ?Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,? said Sam Khater, Freddie Mac?s Chief Economist.
The Bank of Mexico's five-member governing board expects easing inflation could allow further reductions to its benchmark interest rate, minutes from the bank's September monetary policy decision showed on Thursday. Most of the board, however, warned that inflationary pressures still pose a challenge.
Federal Reserve Bank of New York President John Williams said Thursday the latest round of hiring and inflation data fits in with the overall pattern of economic activity seen as the central bank went into its policy meeting last month.
To grow the diverse real estate developer talent pipeline in Illinois and Wisconsin, the Federal Home Loan Bank of Chicago has awarded over $3 million through its 2024 Community First? Diverse Developer Initiative to support 62 fellowships and internships across 14 organizations. This press release features multimedia.
The Bank of Mexico's five-member governing board expects that easing inflation could allow further adjustments to the benchmark interest rate, minutes from the bank's September monetary policy decision showed on Thursday.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Samsung Fire & Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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