The Culbreath Will Focus on Seniors Aged 62 and Above. The Federal Home Loan Bank of Dallas joined Comerica Bank, Volunteers of America National Services and local dignitaries to break ground on a new senior housing project in Dallas, Texas, supported by a $2 million FHLB Dallas Affordable Housing Program grant. This press release features multimedia.
* Investors optimistic about potential rate cuts later this year after Powell's comments. * Although fragile, Israel-Iran ceasefire pushes oil prices lower. * Demand at $69 billion two-year notes auction tepid, with high primary dealers stake. By Tatiana Bautzer, Davide Barbuscia.
* Wall Street shares rally more than 1% * Iran and Israel ceasefire appears to hold. * Brent crude futures settle down 6% * US yields fall, German draft budget sends Bund yields higher. * Dollar extends pullback, gold softens. By Chibuike Oguh.
Tidewater Inc. (TDW) today announced the pricing of its previously announced private offering of $650 million in aggregate principal amount of unsecured senior notes due 2030. The sale of the 2030 Notes to the initial purchasers is expected to settle on July 7, 2025, subject to customary closing conditions.
"The trend of heavy issuance that began last year has continued in the first half of 2025, surpassing even our rather optimistic expectations," said Barclays (BCS) strategists Mikhail Foux, Grace Cen and Francisco San Emeterio.
-Higher import levies will put upward pressure on prices that may not prove temporary, Federal Reserve Governor Michael Barr said on Tuesday in remarks that suggest he is in no rush? to cut interest rates despite what he called?"gradual, albeit uneven" progress toward 2% inflation to date.
* Fed Chair Powell reiterates "wait and see" approach to rate cuts, tariffs. * US airlines rise on hopes of end to Israel-Iran conflict. * Broadcom (AVGO) hits record peak after brokerage upgrades. By Stephen Culp.
* Indexes up: Dow 1.21%, S&P 500 1.19%, Nasdaq 1.56% * FedEx (FDX) rises ahead of quarterly results. * Fed Chair Powell reiterates "wait and see" approach to rates. * US airlines rise on hopes of end to Israel-Iran conflict. * Broadcom (AVGO) hits record peak after brokerage upgrades. By Stephen Culp.
U.S. Treasury Secretary Scott Bessent on Tuesday said the date for the nation to reach its debt ceiling could change if courts interfere with U.S. President Donald Trump's tariff policies. "We will never default on national debt," he told reporters at the U.S. Capitol after meeting with lawmakers.
Federal Reserve Bank of Boston President Susan Collins said Tuesday monetary policy is in the right place. In remarks focused on the housing industry, the bank president noted that the "modestly restrictive" stance of monetary policy is "necessary" even as it has weighed on the housing market and thwarted efforts to improve the supply of homes.
New guidelines require local governments to receive the state's comptroller's approval before issuing debt with variable interest rates, put options, or interest rate reset options.
* Consumer confidence index falls 5.4 points to 93.0 in June. * Labor market differential narrows; inflation expectations ease. * Annual house price growth slows in April as supply rises. By Lucia Mutikani.
Federal Reserve Chair Jerome Powell on Tuesday said members of Congress have told him privately the central bank is "doing the right thing" on interest rates even as President Donald Trump berates Powell and the Fed for not cutting borrowing costs.
Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that suggested he is in no rush to cut interest rates.
Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that gave little in the way of guidance for what's next for central bank interest rate policy.
* Investors focused on fragile Israel-Iran ceasefire. * Powell's comments seen as opening door to potential rate cuts. * German budget adds some selling pressure for long-dated debt. * Two-year auction later on Tuesday. By Davide Barbuscia.
Federal Reserve Chair Jerome Powell told Congress Tuesday that while inflation has cooled from its 2022 peak, it remains ?somewhat elevated,? and the central bank is not ready to adjust interest rates, yet. However, he said the Fed is "well positioned to wait" for more clarity before making moves, and a "significant majority" of committee members expect to cut rates later this year.
* US President Trump accuses both sides of violating ceasefire. * Analysts see less risk to Middle East oil supplies. * Trump says China can continue to purchase oil from Iran. By Scott DiSavino. Oil prices fell 6% on Tuesday to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East.
Federal Reserve Chair Jerome Powell on Tuesday said he is open to the idea that the inflation he and other Fed officials worry will be kindled by President Donald Trump's tariffs may prove to be less severe than thought.
Federal Reserve Chair Jerome Powell on Tuesday said if it turns out that inflation pressures are contained, the central bank will get to a place when it can cut interest rates, but "we don't need to be in any rush."
* Investors focused on fragile Israel-Iran ceasefire. * German budget adds selling pressure for long-dated debt. * Two-year auction later on Tuesday. By Davide Barbuscia. U.S. Treasury yields were roughly unchanged on Tuesday amid fragile optimism over a ceasefire between Israel and Iran, uncertainty over the path of interest rates, and concerns over global demand for long-dated government debt.
* Canadian dollar gains 0.3% against the greenback. * Trades in a range of 1.3679 to 1.3738. * Annual rate of CPI holds steady at 1.7% * Bond yields edge lower across the curve. By Fergal Smith.
Federal Reserve Chair Jerome Powell on Tuesday said it was too soon to know what effects the escalating conflict in the Middle East might have on the U.S. economy. "I think it's too early to know what any economic implications might be and I would not want to speculate," Powell said in response to a question during testimony before the House Financial Services Committee.
* Gold hit over 2-week low earlier in the session. * Support levels for gold at $3,300, $3,250 level - analyst. * Fed's Powell says need more time before considering rate cuts. By Sarah Qureshi. June 24 - Gold fell 2% to hit an over two-week low on Tuesday as the announcement of a ceasefire between Iran and Israel dented safe-haven demand for bullion.
* Trump announces Iran, Israel ceasefire. * Euro, yen gain as oil prices drop, risk currencies rally. * Fed's Powell to testify before U.S. Congress. By Karen Brettell. The dollar was broadly lower on Tuesday after the announcement of a ceasefire between Israel and Iran and as Federal Reserve Chair Jerome Powell testifies before U.S. Congress.
U.S. consumer confidence unexpectedly deteriorated in June as households increasingly worried about job availability, another indication that labor market conditions were softening against the backdrop of rising economic uncertainty because of the Trump administration's tariffs.
U.S. consumer confidence unexpectedly deteriorated in June as households worried about business conditions and employment prospects over the next six months.
Consumers remain concerned about the economy NEW YORK, June 24, 2025 The Conference Board?Consumer Confidence Index? deteriorated by 5.4 points in June, falling to 93.0 from 98.4 in May. The Present Situation Index?based on consumers' assessment of current business and labor market conditions?fell 6.4 points to 129.1. The Expectations Index?based on consumers' short-term outlook for income, bus...
The U.S. current account deficit widened to a record high in the first quarter as businesses front-loaded imports to avoid President Donald Trump's hefty tariffs on imported goods.
Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday she sees no pressing need to cut interest rates when there's still a lot of uncertainty what trade tariffs will do to inflation, which is still above the central bank's target.
The U.S. current account deficit widened to a record high in the first quarter as businesses front-loaded imports to avoid President Donald Trump's hefty tariffs on imported goods.
Traders of short-term interest-rate futures on Tuesday priced in a smaller chance of a July Federal Reserve interest-rate cut after Fed Chair Jerome Powell used his prepared remarks to Congress to repeat that the central bank is well-positioned to wait for more clarity before adjusting short-term borrowing costs.
Teneo report finds global finance chiefs cautious while navigating AI, tariffs and geopolitics NEW YORK, June 24, 2025 /PRNewswire/ -- Against a fast-changing landscape for international trade and tariffs, institutional investors are more optimistic about the global economy than corporate Chief Financial Officers, with 78% of money managers expecting economic conditions to improve in the second...
Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate cuts, Fed Chair Jerome Powell told members of Congress on Tuesday.
* Powell says tariffs will raise inflation. * Fed in good position to wait before cutting rates. * Economy remains solid. By Howard Schneider. U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needs more time to see if rising tariffs drive inflation higher before considering the interest rate cuts that President Donald Trump is demanding.
* Lower gasoline prices on annual basis aided CPI data. * Mortgage costs, rents also cooled from previous month. * Core measures CPI-median, CPI-trim eased to 3% * Inflation in May on a monthly basis was at 0.6% By Promit Mukherjee.
RoboForce Joins Alumni of WEF Pioneers Including Google, Twitter and Airbnb MILPITAS, Calif. Each year, the World Economic Forum selects 100 Technology Pioneers, honoring startups whose breakthrough innovations are transforming Advanced Manufacturing, Supply Chains, the Fourth Industrial Revolution, and more.
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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