Signs of a cooling U.S. labor market are becoming more evident, increasingly reinforcing investor beliefs that the time has come for the Federal Reserve to lower interest rates. New unemployment benefits rose more than expected last week, while continuing jobless claims reached their highest levels since November 2021, according to the Department of Labor?s report on Tuesday.
The new rule will require FEMA to consider climate change's impact on future flood patterns in determining how and sometimes if to build back after flooding.?
Robert Kaplan, the former president of the Federal Reserve?s Dallas branch, in light of recent progress on inflation, predicts a potential interest rate cut in September.
The Federal Reserve?s latest Beige Book, covering late May through early July, showcases ongoing slight to modest economic growth in most Districts. However, the report reveals seven Districts noting growth while five experiencing flat or declining activity, marking an uptick in Districts with stagnant or reduced economic performance compared to the previous period.
The threat of cybercrime against municipalities continues to mutate into more sophisticated and life-threatening schemes, say economists and rating agencies.
Freddie Mac today is reminding homeowners and mortgage servicers of its immediate relief options as hurricane season and wildfire season ramp up, including for those currently affected by Hurricane Beryl and the California wildfires.
Sterling Heights, Michigan, plans to issue $45 million of bonds to help finance a $1.06 billion redevelopment of Lakeside Mall, which closed at the end of June.
Li Auto Inc. (LI) shares are trading marginally lower on Wednesday in the premarket session. Chinese stocks may be under pressure after the country?s softer-than-expected second-quarter GDP growth. This growth rate, lower than the 5.1% predicted by analysts, reflects the slowest pace since the first quarter of 2023.
Midway through the year, the outlook for a soft landing has strengthened, driven by easing inflation and a robust labor market, according to the Q3 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 3.7% in 2024, with activity expected to pick up later in the year after the Fed lowers interest rates.
New York Federal Reserve?President John Williams hinted at a potential interest rate cut in the coming months, suggesting that the Fed might be closer to this decision than previously thought.
A study of county governments to be presented at this year's Brookings Municipal Finance Conference shows federal pandemic aid led to a mild reduction in borrowing costs, a drop in credit quality and a preference for short-term over long-term debt instruments.
With the reputational stain from the county's 1994 bankruptcy long in the rearview mirror, the southern California county had its rating boosted to the highest rating by S&P Global Ratings.
The International Monetary Fund revised its projected economic growth for the U.S. in 2024, lowering it to 2.6%. What Happened: The revision is 0.1 percentage points below the agency?s April projection. The IMF cited a slower-than-expected start to the year and an anticipated cooling in the labor market as reasons for slower GDP growth.
Ohio legislators are mulling a bill that would bar the state's pension systems, universities and Bureau of Workers' Compensation from pursuing ESG investing.
The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell's term on the Fed Board of Governors expires in 2028.
Financial markets are trying to "absorb" the outcome of higher odds of Trump winning in November, said James Pruskowski, chief investment officer at 16Rock Asset Management.
While the market awaits the initial FDTA proposal, some wonder if the rulemaking will be affected by the upcoming presidential election and the U.S. Supreme Court's Chevron (CVX) decision.
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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