-New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, the Financial Times reported on Friday, amid signs of tighter market liquidity.
New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a key short-term lending facility, the Financial Times reported on Friday, amid signs of tighter market liquidity.
-As U.S. agencies on Friday began announcing plans for releasing economic data delayed by the government shutdown, a trio of U.S. central bankers reiterated their concerns about inflation while the Fed's most dovish policymaker said economic data in hand argued for another rate cut. In the meantime, financial markets placed their bets.
New York Federal Reserve's President John Williams held a meeting with Wall Street banks this week to discuss a key short-term lending facility, the Financial Times reported on Friday, citing three people familiar with the matter.
* After overseas sell-off, Nasdaq closes lightly higher. * Investor bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
* US two-year yields post largest weekly rise since mid-June. * US 2/10 yield curve bear steepens, suggesting Fed pause imminent. * Rate futures price 40% chance of rate cut in December. * Fed's Schmid, Logan favor pause in December meeting. By Gertrude Chavez-Dreyfuss and Alden Bentley.
US equity indexes closed mixed on Friday, as selective dip-buying helped lift the technology sector while top Federal Reserve officials noted inflationary impulses in the economy.
US equity indexes were mixed Friday after technology stocks recovered, while persistent inflation concerns eroded expectations for a December interest rate cut by the Federal Reserve. * The Nasdaq rose 0.1% on Friday, paring earlier gains.
* Walmart (WMT) falls after announcing CEO retirement. * Cidara Therapeutics (CDTX) soars on Merck's (MRK) buyout deal. * Nvidia (NVDA) report seen as key to AI rally. By Noel Randewich. Wall Street stocks ended mixed on Friday as investors looked ahead to Nvidia's (NVDA) quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
US equity indexes were mixed ahead of Friday's close amid selective dip-buying in technology and inflationary impulses noted by top Federal Reserve officials.
* After overseas sell-off, Wall Street turns higher. * Investors bets decline for Fed rate cut next month. * US Treasury yields turn higher, dollar edges up. * UK markets whipped around by budget talk. By Sin?ad Carew and Dhara Ranasinghe.
-Dallas Federal Reserve President Lorie Logan on Friday again signaled she would oppose an interest-rate cut in December, after also opposing the Fed's rate cut in October, because of her concern that inflation is too high, trending upward, and taking too long to get to the Fed's 2% target.
* Logan did not support a rate cut in October. * Labor market not now in need of further preemptive insurance, Logan says. * Logan next votes on rate-setting next year. By Ann Saphir.
* Fed officials cautious on further easing due to inflation concerns. * US data return expected to increase market volatility. * Pound falls after UK tax policy shift. By Karen Brettell.
Kansas City Fed President Jeffrey Schmid said that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation and suggested that the risk of lowering rates further is tilted toward damaging the Fed's inflation fight.
Bitcoin has slipped under the $100,000 mark amid heavy ETF outflows and renewed doubts about Federal Reserve rate cuts, signaling growing institutional caution. What Happened: Bitcoin?s rejection at key daily moving averages and the $106,800 level triggered a deeper correction toward the $95,700 zone, with a possible extension into the $91,000?$88,000 golden pocket, near the 3D 200 SMA/EMA.
US benchmark equity indexes were mixed intraday as the odds of a Federal Reserve rate cut continued to diminish amid uncertainty around the release of key economic data.
Gold traded lower midafternoon on Friday as traders turn cautious amid weakening stock markets and lower expectations for another interest-rate cut from the Federal Reserve. Gold for December delivery was last seen down $95.60 to US$4,047.30 per ounce.
Kansas City Fed President Jeffrey Schmid said Friday that inflation remains too hot, cautioning that additional interest rate cuts may stoke price pressures. The consumer price index accelerated to 3% year over year in September, the Bureau of Labor Statistics reported late last month.
KBRA releases its third-quarter 2025 U.S. Bank Compendium, providing the latest view of the U.S. banking industry and analysis of 3Q25 results for publicly traded U.S. banks with KBRA ratings. In this edition, we examine how KBRA-rated banks continue to benefit from rate cuts by the Federal Open Market Committee that began in late 2024.
Bloom Energy Corp (BE) shares are trading higher Friday, recovering ground after a sharp pullback during the previous session. What To Know: Thursday's decline mirrored a widespread tech rout, as the Nasdaq-100 dropped over 2% amid hawkish comments from Federal Reserve officials regarding persistent inflation.
* Indexes: Dow down 0.32%, S&P 500 up 0.38%, Nasdaq up 0.68% * Financials drag on Dow but indexes set for weekly gains. * Walmart (WMT) falls after announcing CEO retirement. * Cidara Therapeutics (CDTX) soars on Merck's (MRK) buyout deal. By Twesha Dikshit and Purvi Agarwal.
Copper and other industrial metals fell on Friday, joining a broad market selloff sparked by hawkish remarks on interest rates from U.S. Federal Reserve officials, while weak data from top consumer China fanned concerns over demand.
The European stock markets closed out the week lower in Friday trading, as the Stoxx Europe fell 1.01%, Germany's DAX lost 0.64%, the FTSE 100 dropped 1.1%, France's CAC declined 0.76%, and the Swiss Market Index was down 0.84%. Seasonally adjusted GDP grew 0.2% in the euro area and 0.3% in the EU in Q3, compared with the previous quarter, according to a preliminary estimate from Eurostat, the ...
Swiss gold producers are interested in setting up shop in the United States in the future, said a senior Swiss economic affairs official on Friday at a press conference after a tariff agreement was reached with Washington. Gold, which is a large contributor to Switzerland's trade surplus with the United States, remains exempt from tariffs, according.
Wall Street's main indexes pared losses after being weighed down by technology stocks earlier Friday, while Federal Reserve officials cast doubt on a potential interest rate cut in December. Concerns about stretched AI stock valuations have triggered declines in recent weeks, putting the Nasdaq on course for its longest losing streak since April.
Wall Street's main indexes sank on Friday, weighed down by technology stocks, while Federal Reserve officials cast doubt on a potential interest rate cut in December. Concerns about stretched AI stock valuations have triggered declines in recent weeks, putting the Nasdaq on course for its longest losing streak since April.
* Gold up 2.3% so far this week. * Silver, platinum, palladium down 3% * Traders see a 50% chance of US interest rate cut in December. By Noel John and Pablo Sinha. Gold prices dropped 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut.
Kansas City Fed President Jeffrey Schmid said Friday that the current stance of monetary policy is "modestly restrictive," which he said is appropriate given continued concerns about inflation.
Canada's main stock index dropped on Friday, dragged down by hawkish signals from U.S. Federal Reserve officials, a sweeping tech selloff and lower commodity prices. At 09:48 a.m. ET, Toronto's S&P/TSX composite index fell 0.8%, after dropping as much as 1.4% to its lowest level in a week, compounding Thursday's 1.9% decline.
-Kansas City Federal Reserve President Jeffrey Schmid on Friday said his concerns about "too hot" inflation go well beyond the narrow effects of tariffs alone, in fresh remarks that signaled he could dissent again at the Fed's December meeting should policymakers opt to cut short-term borrowing costs again.
-Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.
Wall Street's main indexes dipped on Friday, driven by a renewed selloff in technology stocks, while hawkish commentary from Federal Reserve officials added to doubts about an interest rate cut in December.
Canada's main stock index dropped over 1% on Friday, on hawkish comments from U.S. Federal Reserve officials and a broad selloff in technology stocks. At 9:31 a.m. ET, Toronto's S&P/TSX composite index was down 1.1% at 29,949.97 points.
Gold was sharply lower early on Friday as traders turn cautious amid weakening stock markets and lower expectations for another interest-rate cut from the Federal Reserve.
* Gold up 1.4% so far this week. * Silver, platinum, palladium down over 3% * Traders see a 53% chance of US interest rate cut in December. By Noel John and Pablo Sinha. Gold prices dropped more than 3% on Friday on a broader market sell-off, sparked by hawkish remarks from U.S. Federal Reserve officials, dimming hopes for a December interest rate cut.
-The S&P 500 and the Nasdaq rose in choppy trading on Friday after a brief technology selloff, while investors looked ahead to Nvidia's quarterly results next week and worried that the Federal Reserve may hold off on cutting U.S. interest rates in December.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 1.1% and the actively traded Invesco QQQ Trust was 1.7% lower in Friday's premarket activity as investors scale back chances of a December rate cut by the Federal Reserve.
The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.
The U.S. Treasury and Taiwan's central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage.
The US dollar rose against its major trading partners early Friday, except for a decline versus the yen, ahead of a series of appearances by Federal Reserve officials, followed by weekly natural gas stocks inventory data. The various government statistical agencies should begin next week to release the backlog of economic indicators caused by the government shutdown.
* World stocks deep in the red, US stock futures lower. * Investors see Fed rate cut next month as a toss-up. * Fed officials take hawkish view. * UK markets whipped around by budget talk. By Dhara Ranasinghe.
The benchmark US stock measures were tracking in the red before Friday's open as uncertainty around economic data releases weighed on hopes for a potential interest rate cut in December. The S&P 500 decreased 0.2%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.4% in premarket activity.
The Canadian dollar averaged almost C$1.400 last month, weakening 1.1% against the US dollar, said Bank of Montreal. So far this month, the Canadian dollar has weakened further to above C$1.406, faring relatively better than the norm as Bank of Canada easing prospects faded more meaningfully than those for the Federal Reserve, noted the bank.
Bitcoin dropped to its lowest level in six months on Friday, as a broad sell-off in risk assets deepened amid fading hopes that the Federal Reserve will cut U.S. interest rates at its upcoming policy meeting.
Executives at DWS, one of Europe's largest money managers, are thinking through the potential impacts in the unlikely event that the U.S. Federal Reserve limits access to dollar funding, the firm's CEO told Reuters.
Bitcoin traded below $96,000 for the first time in over six months on Friday, as a sell-off in risky assets accelerated on fading expectations for a December rate cut from the U.S. Federal Reserve.
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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