- U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday, citing a senior adviser to Trump.
Freddie Mac and the Federal Home Loan Bank of Des Moines today announced a collaboration to help increase affordable housing finance options on tribal lands. "Freddie Mac and FHLB Des Moines can be impactful partners in attracting capital to support Native American homeownership," said Sonu Mittal, SVP and head of Single-Family Acquisitions at Freddie Mac.
U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday, citing a senior adviser to Trump.
U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump's proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.79%, the highest level since July, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump's proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage increased to 6.79%, the highest level since July 2024, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday.
* Major indexes at fresh record highs. * US weekly jobless claims rise moderately. * Small-caps edge lower, financials fall. * Fed likely to cut rates by 25 bps. * Indexes: Dow down 0.04%, S&P 500 up 0.61%, Nasdaq up 1.30% By Lisa Pauline Mattackal and Ankika Biswas.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.79 percent. ?Mortgage rates continued to inch up this week, reaching 6.79 percent,? said Sam Khater, Freddie Mac?s Chief Economist.
The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.
Canada's main stock index rose on Thursday, extending its rally from the previous session, ahead of the U.S. Federal Reserve's monetary policy decision later in the day. The Toronto Stock Exchange's S&P/TSX composite index was up 95.13 points, or 0.39%, at 24,732.58, its highest since October 21.
* Major US stock indices hit record highs, Stoxx 600 up 0.8% * Chinese shares gain 3% on stimulus hopes. * German politics also in focus, German yields rise. * 10-year Treasury yield retreat before Fed's rate decision. * British, Swedish central banks cut rates, Norway holds as expected. * Fed meeting still to come. By Koh Gui Qing and Kevin Buckland.
* US central bank lowers policy rate to 4.50%-4.75% range. * Dollar slips from four-month high. * Silver up more than 1% By Brijesh Patel and Anjana Anil. Nov 7 - Gold prices rose more than 1% on Thursday, helped by a retreat in the U.S. dollar, while the Federal Reserve cut interest rates by a quarter of a percentage point as widely expected.
* Dollar dips ahead of expected 25 bps Fed rate cut. * Traders seen taking profits from Trump trades. * BOE cuts rates by 25 bps as was expected. By Karen Brettell, Amanda Cooper.
* Weekly jobless claims increase 3,000 to 221,000. * Continuing claims rise 39,000 to 1.892 million. * Productivity increases at 2.2% rate in third quarter. * Unit labor costs advance at a strong 1.9% pace. By Lucia Mutikani.
* Major indexes at fresh record highs. * US weekly jobless claims increase moderately. * Small-caps edge lower, financials fall. * Indexes up: Dow 0.16%, S&P 500 0.46%, Nasdaq up 0.88% By Lisa Pauline Mattackal and Ankika Biswas.
- Major brokerages including J.P.Morgan, Barclays and Goldman Sachs have forecast a 25-basis-point interest-rate cut by the U.S. Federal Reserve at its November 6-7 meeting. The central bank cut interest rates by an oversized 50 basis points at its Sept. 17-18 meeting.
* Central bank lowers policy rate to 4.50%-4.75% range. * Trump's election victory clouds Fed's outlook. * Financial markets still expect year-end rate cut. By Howard Schneider and Ann Saphir.
TEMPE, Ariz. The report was issued today by Nancy LeMaster, MBA, Chair of the Institute for Supply Management? Hospital Business Survey Committee: "The Hospital PMI??registered 51.9 percent in October, a 3.1-percentage point decrease from the September reading of 55 percent, indicating a 14th consecutive month of growth.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Central States Indemnity Co. of Omaha, and its subsidiary, CSI Life Insurance Company.
* S&P 500 futures at record highs. * US weekly jobless claims increase moderately. * Futures: Dow flat, S&P 500 up 0.17%, Nasdaq up 0.37% By Lisa Pauline Mattackal and Ankika Biswas.
NEW YORK, Nov. 7, 2024 National Debt Relief, America's leading debt settlement firm, has partnered with Docsumo, an innovative Document AI platform, to revolutionize the debt relief industry. Danny Tilipman, President & Co-Founder of National Debt Relief, illustrates the effectiveness of the partnership: "Docsumo has been instrumental in addressing our unique needs.
The Bank of England could move less gradually in cutting interest rates if inflation continues to surprise to the downside, Governor Andrew Bailey said on Thursday. Bailey said the BoE's central view was that it would only be able to cut rates gradually, but he added that inflation had fallen faster than the central bank had expected in August.
* BoE's second rate cut since 2020. * Sterling rallies sharply; 2024's best major currency performer. * BoE's Bailey now sees inflation returning to target mid-2027. * Sterling may lose sheen if markets start to expect faster rate fall. By Yoruk Bahceli and Amanda Cooper.
The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.
The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no material change in labor market conditions and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October.
HPSI Up Significantly from All-Time Low Recorded Two Years Ago WASHINGTON, Nov. 7, 2024 The Fannie Mae Home Purchase Sentiment Index? increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago.
Italy urged the European Union on Thursday to guarantee bond issuance needed to finance defence, saying a NATO spending target of at least 2% of gross domestic product by 2028 clashed with the EU's revamped fiscal rules. Donald Trump insisted during his first term as U.S. president that members of the North Atlantic Treaty Organization hit the 2% goal.
Additional $100 million in Alternative Minimum Tax Convertible Capital Appreciation Bonds issued are first of their kind at any U.S. airport?. NEW YORK, Nov. 7, 2024 /PRNewswire/ -- JFK Millennium Partners, the Vantage Group-led company selected by the Port Authority of New York and New Jersey to build and operate the new JFK Terminal 6, has successfully completed a planned issuance of nearly ...
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), today announced the launch of the Schwab Mortgage-Backed Securities ETF. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
Ratings for MarketAxess Holdings (MKTX) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
Bank of England Governor Andrew Bailey said on Thursday he did not think that the path of interest rates would be "particularly different" due to last week's budget - the Labour government's first since it came to power in July.
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget. Here's what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND GOVERNOR ANDREW BAILEY.
* Sterling rallies after BoE cuts rates, expects faster inflation and growth. * Euro rises despite German government collapse, political crisis. * Yen hits three-month low, Japan signals readiness to act. By Amanda Cooper.
* Dow, S&P 500 futures at record highs. * Small caps set to continue rally. * Futures up: Dow 0.24%, S&P 500 0.25%, Nasdaq 0.31% By Lisa Pauline Mattackal. Nov 7 - U.S. stock futures rose ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president for a second time.
* * BoE raises inflation forecast after new government's budget. * Sterling rises after announcement. * Bailey says BoE will move gradually on rates. * Outlook for rates not much changed by budget - Bailey. * BoE watching for Trump trade policies - Bailey. By Andy Bruce, Suban Abdulla and David Milliken.
Marex Group plc (MRX), a diversified global financial services platform, announces strong results for the third quarter and nine months ended 30 September 2024, and upgraded outlook for the full year.
A look at the day ahead in U.S. and global markets from Mike Dolan. World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew trade and debt-raising maps worldwide - just ahead of likely interest rate cuts from U.S. and UK central banks.
A look at the day ahead in U.S. and global markets from Mike Dolan World stocks and bond yields pushed higher after Donald Trump's clear U.S. election win and a collapse of Germany's coalition redrew trade and debt-raising maps worldwide - just ahead of likely interest rate cuts from U.S. and UK central banks.
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as its policymakers began taking stock of what could become a more complex economic landscape when President-elect Donald Trump takes office next year.
* Fed seen cutting policy rate a quarter of a point. * Economic outlook murkier following Trump win. * Impact of tariff, other policies hard to predict. By Howard Schneider.
U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points in interest rates, extending a sharp rally sparked by Donald Trump's return as U.S. president.
* Futures higher: Dow 0.18%, S&P 500 0.19%, Nasdaq 0.23% U.S. stock futures edged higher ahead of an interest-rate decision by the Federal Reserve on Thursday, building on a sharp rally set off by Donald Trump's stunning comeback as U.S. president for a second time.
Ukraine's sovereign dollar bonds and GDP warrants extended a post-U.S. election rally on Thursday on optimism that Donald Trump's return to the White House could end the country's war with Russia. Longer-dated maturities saw the biggest gains, with 2035 paper rising by more than 2 cents to its highest since the bonds were launched in early September as part of the country's debt restructuring.
Italy urged the European Union to guarantee bond issuance needed for defence spending on Thursday, as the government struggles to meet a NATO spending target of at least 2% of gross domestic product by 2028. Donald Trump insisted during his first term as U.S. president that members of the North Atlantic Treaty Organization hit the 2% goal.
World stocks gained on Thursday after a record rise for U.S. shares overnight, and U.S. Treasuries remained under pressure as investors processed a second Donald Trump presidency, ahead of policy decisions from the Fed and other major central banks.
The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump's win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve.
The crown firmed before a
likely eighth straight interest rate cut from the Czech central
bank on Thursday as central Europeancurrencies rebounded from
losses coming after Donald Trump's U.S.
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.
Log In Required
Line of Credit Log In Required
Publication Date