South Africa's rand was steady in early trade on Wednesday, as markets processed U.S. Federal Reserve Chair Jerome Powell's comments on interest rate cuts and braced for an inflation reading from the world's biggest economy later in the day.
Stocks rose and U.S. Treasury yields firmed on Wednesday as investors assessed the latest U.S. tariff salvo along with Federal Reserve Chair Jerome Powell's signal of a patient path for rate cuts. Financial markets were largely biding time ahead of a reading on U.S. consumer prices due later in the day which could guide the outlook for monetary policy there.
* European shares set to rise, dollar rally pauses. * More Trump tariff announcements expected. * U.S. inflation data in focus after Powell's testimony. By Rae Wee and Chuck Mikolajczak. Stocks rose and U.S. Treasury yields firmed on Wednesday as investors assessed the latest U.S. tariff salvo along with Federal Reserve Chair Jerome Powell's signal of a patient path for rate cuts.
A soft U.S. inflation report later Wednesday will likely bode well for risk assets, including bitcoin. But those expecting bullish fireworks may be disappointed.
* Dollar mostly retreats as traders await U.S. inflation data. * Fed Chair Powell sees no rush to cut interest rates. * Yen slips below 200-day moving average. By Tom Westbrook.
Japanese government bond yields hit new multi-year highs on Wednesday amid uncertainties about the Bank of Japan's rate hike pace, while higher U.S. Treasury yields also weighed on sentiment. The 10-year JGB yield rose 3 basis points to 1.34%, its highest level since February 2011. The five-year yield rose 1.5 bps to 1%, its highest since October 2008.
A look at the day ahead in European and global markets from Rae Wee. Investors for a change started the day on Wednesday without headlines on new U.S. tariffs, allowing them to shift their attention to the U.S. inflation report later in the day and possible clues on the outlook for Federal Reserve policy.
A look at the day ahead in European and global markets from Rae Wee. Investors for a change started the day on Wednesday without headlines on new U.S. tariffs, allowing them to shift their attention to the U.S. inflation report later in the day and possible clues on the outlook for Federal Reserve policy.
Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will conduct monetary policy bearing in mind there are risks that food prices may continue to be high and affect people's inflation expectations. "We're deeply aware that a rise of more than 2% in prices of fresh foods and other commonly purchased products are negatively impacting people's lives," Ueda told parliament.
India's central bank hiked the quantum of funds that it intended to inject into the banking system through an overnight infusion on Wednesday, after aggressively intervening in the foreign exchange market in the last two sessions.
* Fed chief reiterates go-slow approach on further rate cuts. * Bullion hit record high of $2,942.70 on Tuesday. * US CPI data due at 1330 GMT. By Anushree Mukherjee.
U.S. stock markets were mixed on Tuesday as Federal Reserve Chair?Jerome Powell?indicated no immediate plans to reduce interest rates. These are the top stocks that gained the attention of retail traders and investors throughout the day.
Stocks rose and U.S. Treasury yields firmed on Wednesday as investors assessed the latest U.S. tariff salvo along with Federal Reserve Chair Jerome Powell's signal of a patient path for rate cuts. Financial markets were largely biding time ahead of a reading on U.S. consumer prices due later in the day which could guide the outlook for monetary policy there.
The executive director of the Puerto Rico Oversight Board suggested non-settling bondholders might be offered recoveries of about 4% of the principal due.
Investment Positions Klook to Lead the Next Decade of Tourism Growth and Innovation in Asia Pacific Klook, a leading platform for experiences and travel services in Asia, today announced US$100 million in funding led by the global growth investment firm Vitruvian Partners. This press release features multimedia.
The dollar stepped back from a tariff-driven rally on Wednesday, as traders awaited U.S. inflation data and news on the broader trade front, though hawkish remarks from Fed Chair Jerome Powell pushed up U.S. yields and lent some support against the yen.
* Dollar retreats as traders await U.S. inflation data. * EU, Mexico, Canada condemn U.S. tariffs, plan counter-measures. * Fed Chair Powell sees no rush to cut interest rates. By Tom Westbrook. The dollar took a step back from its tariff-driven rally, leaving it below recent peaks as traders waited on U.S. inflation data and news on the broader trade front.
* STATE OF ISRAEL FILES PRICING TERM SHEET RELATED TO OFFERING OF US$2.5 BILLION 5.375% BONDS DUE 2030, US$2.5 BILLION 5.625% BONDS DUE 2035 -SEC FILING Source text: Further company coverage: [ ]
THOMASVILLE, Ga., Feb. 11, 2025 Flowers Foods, Inc. (FLO) today announced the pricing of the public offering of? $500 million aggregate principal amount of 5.750% Senior Notes due 2035 and $300 million aggregate principal amount of 6.200% Senior Notes due 2055.
- A look at the day ahead in Asian markets. Asian markets on Wednesday will be looking to claw back Tuesday's broad losses but will face headwinds from a sluggish performance on Wall Street, higher U.S. bond yields and persistent nervousness around escalating global trade tensions. In testimony to Congress, Fed Chair Jerome Powell stressed the U.S. central bank is in no rush to cut interest rates.
Brazil's Finance Minister Fernando Haddad on Tuesday criticized the unilateral announcement of 25% tariffs by U.S. President Donald Trump to be applied on steel and aluminum imports, calling them "counterproductive" for the global economy. The finance chief, however, did not provide an assessment of their impact of the Brazilian economy.
A look at the day ahead in Asian markets. Asian markets on Wednesday will be looking to claw back Tuesday's broad losses but will face headwinds from a sluggish performance on Wall Street, higher U.S. bond yields and persistent nervousness around escalating global trade tensions. In testimony to Congress, Fed Chair Jerome Powell stressed the U.S. central bank is in no rush to cut interest rates.
* DuPont (DD) gains after raising 2025 profit forecast. * Elliott Investment builds $2.5 billion stake in Phillips 66. * Fed's Powell says in no hurry to cut rates. By Noel Randewich and Sukriti Gupta. Feb 11 - Wall Street's main indexes ended mixed on Tuesday as gains in Coca-Cola and Apple (AAPL) offset losses in Tesla, while investors parsed Federal Reserve Chair Jerome Powell's latest comments.
Company to Host Conference Call WASHINGTON, Feb. 11, 2025 Fannie Mae?today announced plans to report its fourth quarter and full-year 2024 financial results on Friday morning, February 14, 2025, before the opening of U.S. financial markets. Fannie Mae has scheduled a conference call to discuss the company's results at 8:00 a.m., ET, on February 14, 2025.
* Tariff uncertainty remains lingering concern. * US three-year note auction shows strong results. * US two-year yield hits highest in three weeks. * US rate futures price in 36 bps of easing in 2025. By Gertrude Chavez-Dreyfuss.
29 meeting, noting bumpy progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty over tariffs, tax cuts, and other economic policies under President Donald Trump. Here is a look at their comments since then, sorting them under the labels "dove" and "hawk" as shorthand for their?monetary policy leanings.
Federal Reserve Bank of New York President John Williams said Tuesday the current level of short-term interest rates should help get inflation back to the central bank's 2% target, in comments that offered no guidance about the prospect for more rate cuts.
The French economy is set to return to growth in the first quarter as service sector activity rebounds, the central bank said on Tuesday in its monthly outlook. The euro zone's second-biggest economy is on course to grow 0.1-0.2% in the first quarter from the previous three months, when France saw a 0.1% contraction in activity, the Bank of France said.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $500 million, 8.125% surplus notes, due February 2045, issued by CSAA Insurance Exchange. The surplus notes are intended to support the company?s capital in anticipation of further premium growth and provide an additional layer of protection for catastrophic events, as well as enhance CSAA?s financial flexibility.
Recovery from oversold momentum indicator, the upcoming Pectra upgrade and Wednesday's CPI report are among the catalysts that could fuel an ETH rally,, a 10x Research report noted.
- The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is "strong overall," with low unemployment and inflation that remains above the Fed's 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate Banking Committee hearing.
The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is "strong overall," with low unemployment and inflation that remains above the Fed's 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate Banking Committee hearing.
Net income of $620 million, with $168 million in contributions to support affordable housing and community investment The Federal Home Loan Bank of Chicago today announced its preliminary and unaudited financial results for 2024. FHLBank Chicago expects to report net income of $620 million for 2024 when it files the Form 10-K with the Securities and Exchange Commission next month.
U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the strength of the economy President Donald Trump inherited even as he deferred on questions about tariffs, Elon Musk's role in government, bank account safety, and other issues reflecting the unsettled nature of the administration's first weeks.
- Federal Reserve Chair Jerome Powell on Tuesday said he did not believe that Elon Musk or members of his Department of Government Efficiency team have tried to access the Fed's secure payment systems.
Federal Reserve Chair Jerome Powell warned that while climate change is not an issue for the central bank to contend with, issues related to that could bring financial upheaval for affected areas. "Both banks and insurance companies are pulling out of areas" affected by flooding and fires, Powell told a Senate panel.
Editor?s note: This story has been updated with additional details. Federal Reserve Chair Jerome Powell reiterated on Tuesday that policymakers are in no "hurry" to adjust interest rates, citing lingering inflation pressures despite significant progress toward the Fed's 2% inflation goal.
Editor?s note: This story has been updated with additional details. Federal Reserve Chair Jerome Powell reiterated on Tuesday that policymakers are in no "hurry" to adjust interest rates, citing lingering inflation pressures despite significant progress toward the Fed's 2% inflation goal.
- No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules guarding against deceptive practices regarding consumers, the head of the Federal Reserve said on Tuesday as he was pressed by a senior Democratic senator to ensure the CFPB remains funded.
German government bond yields were set for their biggest daily rise in almost four months on Tuesday as investors grappled with new U.S. tariffs, testimony from Federal Reserve chair Jerome Powell and higher energy prices.
* Tariff uncertainty remains lingering concern. * Focus on US three-year note auction. * US two-year yield hits highest in three weeks. By Gertrude Chavez-Dreyfuss. U.S. Treasury prices fell on Tuesday, pushing yields higher, as investors grew cautious about steep tariffs on all steel and aluminum imports that will take effect next month, stoking worries about reaccelerating inflation.
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.