The leader of the conservative Christian Democrats Friedrich Merz has no plans to reform the debt brake, a source close to the CDU leader told Reuters. The debt brake limits the public deficit to 0.35% of gross domestic product.
Onshore wind industry investment is struggling despite the Inflation Reduction Act, Geoffrey Hebertson, lead renewables analyst at Rystad Energy told attendees at an energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City in Dallas, Texas.
Federal Reserve Financial Services helps financial institutions detect duplicate activity at no additional cost Federal Reserve Financial Services today announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside its existing Treasury check notification service.
* US CPI comes in line with forecasts, weighs on yields. * US rate futures raise odds of Fed easing in December. * US yield curve steepens as cuts priced in. By Gertrude Chavez-Dreyfuss.
* Consumer price index increases 0.2% in October. * Shelter accounts for more than half of rise in CPI. * CPI advances 2.6% year-on-year; base effects also a factor. * Core CPI gains 0.3%; up 3.3% year-on-year. By Lucia Mutikani.
* CPI rises 0.2% in October as forecast. * Rivian soars after Volkswagen increases investment. * Spirit Airlines (SAVE) plummets after report says preparing for bankruptcy filing. * Indexes up: Dow 0.22%, S&P 500 0.14%, Nasdaq 0.09% By Purvi Agarwal and Lisa Pauline Mattackal.
Brazil's central bank said it has sold all $4 billion offered in two dollar auctions with repurchase agreements on Wednesday, after earlier cancelling a similar scheduled operation due to technical issues.
Dwight Mortgage Trust is pleased to announce the successful completion of the largest multifamily mortgage loan securitization through Freddie Mac?s Q-Series program in the last two years.
-After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers are shifting their attention back to inflation risks as they weigh when, and how fast and far, to cut interest rates.
The U.S. dollar pulled back from a 6-1/2-month high against major currencies on Wednesday after data showed U.S. inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates.
Wall Street's main indexes were steady on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to cut interest rates in December.
Canada's main stock index opened higher on Wednesday, helped by energy shares, after the U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month. At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 42.76 points, or 0.17%, at 24,965.77.
* CPI rises 0.2% in October as forecast. * Amgen (AMGN) gains after dismissing concerns related to its new weight-loss drug. * Rivian soars after Volkswagen increases investment. * Spirit Airlines (SAVE) plummets after report says preparing for bankruptcy filing. * Futures up: Dow 0.12%, S&P 500 0.17%, Nasdaq 0.12% By Purvi Agarwal and Lisa Pauline Mattackal.
Euro zone yields pared their rise on Wednesday after data showed U.S. inflation increased as expected in October, supporting expectations for a Federal Reserve rate cut next month. The U.S. consumer price index rose 0.2% for the fourth straight month, the Labor Department's Bureau of Labor Statistics said on Wednesday.
* Stock futures rise, dollar eases as inflation meets expectations. * US dollar at one year high vs euro, three month peak vs yen. * Crude oil, gold rise. By Amanda Cooper.
Editor?s note: This story has been updated with additional details. After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected.
KBRA releases research analyzing multifamily distress across CMBS conduits and Freddie Mac securitizations. The fixed rate conduit and FM K-series product are generally stabilized properties and do not face interest rate pressures during their term. Key Observations Click here to view the report.
Brazil's central bank said on Wednesday that it has cancelled scheduled dollar auctions with repurchase agreements due to operational issues. The central bank said that a new auction notice will be published once the "messaging-related issues" are resolved. It had announced on Tuesday that it would offer up to $4 billion in two swap auctions with repurchase agreements on Wednesday morning.
- U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday.
- Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting next month, after a government report showed consumer inflation rose in October in line with economist expectations.
U.S. Treasury yields fell on Wednesday after data showed no major surprises on inflation in the world's largest economy, coming in largely in line with forecasts, suggesting that the Federal Reserve will cut interest rates as expected next month.
After six consecutive months of easing, the annual inflation rate, as measured by the Consumer Price Index, reversed course in October, climbing to 2.6% as expected. This outcome casts doubt on the disinflationary trend that consumers and policymakers had hoped would persist, underscoring the challenging path ahead for the Federal Reserve?s 2% inflation target.
U.S. consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. The consumer price index rose 0.2% for the fourth straight month, the Labor Department's Bureau of Labor Statistics said on Wednesday.
U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress toward low inflation has slowed in recent months, which could result in fewer interest rate cuts from the Federal Reserve next year.
CDR Project Developer Intends to Remove 10,000 Tonnes of CO2?from the Air via up to 10 Different Technologies at the World's First CDR Innovation & Commercialization Center MONTR?AL, Nov. 13, 2024 /PRNewswire/ --?Deep Sky, the Canadian carbon removal project developer, has sold carbon removal credits to its founding buyers including Royal Bank of Canada and Microsoft.
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a Reuters poll found, as the risk of a U.S. inflation resurgence escalates. Since Trump's victory, the benchmark U.S. 10-year Treasury yield has risen nearly 15 basis points.
* Yen slips past 155 per dollar to more than 3-month low. * Euro hovers near one-year low at 1.06105. * U.S. CPI data due at 1330 GMT. By Medha Singh and Brigid Riley. The U.S. dollar hovered near a fresh 6-1/2-month peak against other major currencies on Wednesday and the Japanese yen fell to its lowest level since July, driven by so-called Trump trades ahead of key U.S. inflation data.
Services activity in Brazil grew more than expected in September and hit a record high, a sign of economic strength that comes after the central bank kicked off a monetary tightening cycle to fight inflation.
Services activity in Brazil grew more than expected in September and hit a record high, a sign of economic strength that comes after the central bank kicked off a monetary tightening cycle to fight inflation.
Futures tied to Canada's main stock index marginally fell on Wednesday, mirroring Wall Street peers, ahead of key U.S. inflation data due later in the day. December futures on the S&P/TSX index were down 0.07% at 6:04 a.m. ET. Wall Street futures edged lower as an uptick in Treasury yields weighed on rate-sensitive equities.
-The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with expectations, adding support to bets that the U.S. Federal Reserve will cut interest rates in December.
* Futures down: Dow 0.14%, S&P 500 0.14%, Nasdaq 0.13% U.S. stock index futures edged lower on Wednesday as an uptick in Treasury yields weighed on rate-sensitive equities ahead of crucial inflation data that will offer more signals on the pace of the Federal Reserve's interest rate reductions.
A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S. October consumer prices report due later in the day threatens to raise fears about what President-elect Donald Trump's tax and tariff policies will bring.
A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S. October consumer prices report due later in the day threatens to raise fears about what President-elect Donald Trump's tax and tariff policies will bring.
Euro zone lenders may not have a full understanding of their exposure to the quickly growing private credit and equity markets, so bank supervisors plan to outline new risk management expectations, the European Central Bank said on Wednesday.
High inflation in Britain has not been vanquished and there is a risk that some drivers of price growth could be heading upwards, Bank of England interest rate-setter Catherine Mann said on Wednesday. "There are some possibilities about downward pressure on inflation coming from export prices coming out of China, for example.
New tariffs planned by U.S. President-elect Donald Trump could cost Germany 1% in economic output if they come into effect, Bundesbank President Joachim Nagel said in an interview with Die Zeit newspaper published on Wednesday. "If the new tariffs actually materialise, we could even slip into negative territory," said Nagel, with Germany already facing weak growth this year and next.
* Treasury yields jump to highest since July as Trump trade ramps up. * US dollar pushes to more than three-month peak versus yen. * Traders look to inflation data for clues about Fed rate-cut pace. * Crude oil, metals under pressure amid trade war worries. By Alun John and Kevin Buckland.
Russia's tight monetary policy has failed to curb price growth and has created risks of an economic slowdown, dragging the economy into stagflation, a combination of stagnant growth and inflation, a leading think-tank close to the government said.
Taiwan's central bank warned on Wednesday that it sees peril in the proposed trade policies of the incoming administration of U.S. President-elect Donald Trump.
* Yen slips past 155 per dollar to more than 3-month low. * Euro hovers near one-year low at 1.06105. * Dollar index rises for the fourth straight session. * U.S. CPI data due at 1330 GMT. By Medha Singh and Brigid Riley.
U.S. President-elect Donald Trump's economic agenda risks returning inflation to the United States and hurting economic growth worldwide, Bank of France head and European Central Bank member Francois Villeroy de Galhau said on Wednesday. "The programme risks bringing back inflation to the United States," Villeroy told France Inter radio.
Bank of France head and European Central Bank member Francois Villeroy de Galhau said on Wednesday he expected inflation to remain moderate in France and that he anticipated more rate cuts by the ECB.
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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