Economist Peter Schiff issued warnings about America?s economic trajectory during Wednesday?s Federal Reserve meeting, predicting the central bank?s decade-long policies will trigger an unavoidable crisis worse than 2008.
More than 200 Central banks and foreign entities have withdrawn a substantial amount of U.S. Treasuries from the New York Federal Reserve, signaling potential concerns over the stability of the U.S. dollar. What Happened: The New York Fed?s custody holdings of U.S. Treasuries and other assets have seen a significant decline.
The Federal Reserve left its benchmark rate unchanged at 4.25%-4.50% for a sixth straight meeting and Chair Jerome Powell signaled no near-term cuts despite mounting White House pressure. While traders still price in two quarter-point reductions later this year, the Fed's pause keeps borrowing costs and deposit payouts locked near current levels across the economy.
Federal Reserve Chair Jerome Powell defended the decision to keep interest rates unchanged on Wednesday, saying inflation has eased but not enough to warrant cuts, especially with trade and geopolitical risks clouding the outlook.
Fannie Mae and Freddie Mac might finally be headed for an exit from government conservatorship, almost 17 years after being taken over by the federal government in the 2008 financial crisis.
JPMorgan Chase & Co (JPM) shares are trading higher Wednesday afternoon. What To Know: According to Bloomberg, the Federal Reserve, FDIC and OCC are set to lower the enhanced supplementary leverage ratio, a key capital buffer. This easing of regulations, which Bloomberg reports will be discussed at a Federal Reserve meeting on June 25, is seen as a major victory for Wall Street.
Homebuilder ETFs posted modest gains Wednesday after a slight uptick in housing starts, but the rally may prove short-lived. During Wednesday afternoon trading, both the iShares U.S. Home Construction ETF (ITB) and the SPDR S&P Homebuilders ETF gained over 1%. Markets are possibly applauding May?s 0.4% increase in single-family housing starts.
The Federal Reserve held interest rates steady at 4.25%-4.50% for a fourth straight meeting on Wednesday, aligning with market expectations, while signaling slower growth and hotter inflation ahead compared to its March forecast.
Wells Fargo & Co (WFC) shares are trading higher Wednesday morning following reports that top U.S. regulators are planning to ease capital requirements for the nation?s largest banks. What To Know: Bloomberg reported that the Federal Reserve, FDIC, and OCC are considering a proposal to lower the enhanced supplementary leverage ratio.
Ursula von der Leyen, the President of the European Commission, has criticized China for its export restrictions on vital raw materials used in the production of cars, batteries, and wind turbines. What Happened:?Von der Leyen, during?a session on the global?economy at the G7 summit?in Kananaskis, Canada, on Monday, condemned China for using subsidies to bolster its companies,?Politico?reported.
Elon Musk?s?AI venture,?xAI, is reportedly on the brink of securing?a $5 billion debt raise, led by?Morgan Stanley, despite modest investor interest. What Happened:?The $5 billion debt offering?comprising a floating-rate term loan, a fixed-rate loan, and secured bonds?is scheduled to be allocated to investors on Wednesday, reported Reuters, citing sources.
A former Bank of England economist is raising red flags over the growing role of stablecoins in the U.S. financial system, with major implications for banks, as well as the U.S. Dollar.
The Federal Reserve is widely expected to hold rates steady at 4.25%-4.50% on Wednesday as President Donald Trump's volatile tariff policy clouds the economic outlook. The decision will mark the fourth straight pause in the rate-cutting cycle that began in September. Chair Jerome Powell and his colleagues have consistently repeated since May that monetary policy is "in a good place."
U.S. consumers showed signs of strain in May, as a key spending gauge contracted for the second time this year, fueling concerns of a demand slowdown amid tariff-related trade uncertainty. Headline retail sales slumped 0.9% month-over-month in May 2025, a sharp drop from April's downwardly revised 0.1% decline, the U.S. Census Bureau reported Tuesday.
U.S. consumers showed signs of strain in May, as a key spending gauge contracted for the second time this year, fueling concerns of a demand slowdown amid tariff-related trade uncertainty. Headline retail sales slumped 0.9% month-over-month in May 2025, a sharp drop from April's downwardly revised 0.1% decline, the U.S. Census Bureau reported Tuesday.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Friday. U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 700 points during the session following Israel?s surprise airstrike on Iranian nuclear sites.
The Federal Reserve is widely expected to maintain its benchmark interest rate in the 4.25%-4.50% range at next week?s policy meeting, as policymakers weigh recent soft inflation data against ongoing uncertainty from President Donald Trump?s trade policies and demands for aggressive rate cuts.
The 2025 Global Gender Gap Index, released by the World Economic Forum, shows that gender parity worldwide is still a distant fantasy, with 68.8% of the gap closed across 148 economies, an improvement of only 0.3 percentage points from last year. What Happened: At the current pace, the report says, it will take 123 years to achieve full global gender parity.
GameStop's (GME) stock took a sharp hit on Thursday, falling 22% to $22.12 by midday Eastern Time, following the announcement that it plans to issue $1.75 billion in convertible senior notes. What Happened: The notes, which won't carry regular interest, are aimed at "general corporate purposes," according to the company's blog post.
The greenback hasn?t been this weak in over two years, as mounting evidence of disinflation and cracks in the labor market stripped away its appeal, prompting a louder call from economists for the Federal Reserve to cut interest rates.
Editor?s Note: This article has been updated with additional content. Producer prices snapped back in May after an April decline, but the rebound fell short of sparking inflation concerns, suggesting tariffs and supply frictions have yet to bleed broadly into the economy.
Producer prices snapped back in May after an April decline, but the rebound fell short of sparking inflation concerns, suggesting tariffs and supply frictions have yet to bleed broadly into the economy. The Producer Price Index rose 2.6% on a year-over-year basis, up from April's upwardly revised 2.5%, according to Thursday's report from the Bureau of Labor Statistics.
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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