The Federal Reserve is in the "last mile" of its inflation fight, with price pressures converging towards the U.S. central bank's 2% target, though recent data have raised the risk that progress may slow or reverse, St. Louis Fed President Alberto Musalem said on Wednesday.
* Recent data raise risks of inflation progress slowing, reversing. * Musalem expects inflation to converge to 2% over medium term. * Fed cut rates by 25 basis points last week, another cut expected in December.
Onshore wind industry investment is struggling despite the U.S. 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 on Wednesday.
Rudy MeJia Jr. has been fined and given an eight-month suspension from associating with any FINRA member firm for failing to disclose that he opened a private investment pool and was receiving commission for sales on behalf of it.
Trump's proposed corporate tax cut, if enacted, would further concentrate the buyer base and increase the chance of volatility, said Wells Fargo head of municipal strategy Vikram Rai.
* 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: Dow up 0.44%, S&P 500 up 0.22%, Nasdaq down 0.01% By Purvi Agarwal and Lisa Pauline Mattackal.
-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.
Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and "nonsense," still isn't an uber-bull, though.
PureCycle Technologies (PCT), which bought back its muni bonds earlier this year, continues to sell them on to support its liquidity needs, CFO Jaime Vasquez said.
Euro zone yields retreated from the day's highs on Wednesday after data showed U.S. inflation increased as expected in October, which prompted traders to ramp up their bets on 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.
* Bitcoin surges to new all-time peak. * Yen drops below 155 per dollar. * Dollar index hits highest since mid-April. By Chibuike Oguh. The U.S. dollar advanced near a seven-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.
Canada's main stock index rose slightly on Wednesday after a rally in the previous session, as U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month. The S&P/TSX composite index was up 15.64 points, or 0.06%, at 24,983.65, hovering near a record high it hit on Tuesday.
* CPI meets expectations. * Stocks retreat after briefly moving higher. * US Yields off earlier lows. By Chuck Mikolajczak. A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor.
Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve said in a report released on Wednesday.
Most Latin American currencies traded
flat to lower against a volatile dollar on Wednesday, while
Brazil's real dipped after a planned central bank dollar auction
was postponed and investors ...
October's Consumer Price Index rose from 2.4% in September to 2.6% in October, in line with economist predictions. Experts Weigh In: Minneapolis Fed President Neel Kaskari appeared on Bloomberg TV following the CPI data release and said that he has been surprised at the resilience of the U.S. economy in the face of high interest rates.
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.
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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