BEIJING, Nov. 14, 2024 China is ready to work with Peru to champion true multilateralism, promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization, Chinese President Xi Jinping said in a signed article published Thursday in Peruvian media outlet El Peruano.
- Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026.
* Powell's chair term ends May 2026, board post ends Jan 2028. * No Fed chief has stayed after leader role in over 70 years. * Comment comes amid concerns about Fed independence under Trump. Federal Reserve Chair Jerome Powell on Thursday declined to say whether he would remain at the U.S. central bank as a board member after his term as chief expires in May 2026.
The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
Mexico's outlook was moved to negative from stable by Moody's Ratings on Thursday, as the major credit rating agency pointed to institutional and policy weakening that risks undermining the economy as well as government accounts.
KBRA is proud to host an exclusive Bank Symposium on November 20, bringing together an elite group of policymakers, regulatory officials, bankers, and top debt investors at a critical moment in global politics. The symposium comes at a pivotal time for the banking sector as regulation and market dynamics continue to evolve in response to global economic changes.
- A look at the day ahead in Asian markets. A warm reading on U.S. producer price inflation in October and hawkish comments by Federal Reserve chair Jerome Powell weighed on Wall Street and shouldn't distract Asian investors much from focusing on the incoming Trump administration. Markets were muted ahead of an afternoon speech by Powell.
A look at the day ahead in Asian markets. A warm reading on U.S. producer price inflation in October and hawkish comments by Federal Reserve chair Jerome Powell weighed on Wall Street and shouldn't distract Asian investors much from focusing on the incoming Trump administration.
Federal Reserve Chair Jerome Powell indicated Thursday the remarkable strength of the U.S. economy is not sending any signals that policymakers ?need to be in a hurry to lower rates. #8221; Powell?s remarks came at an event organized by the Dallas Regional Chamber on Thursday, just a week after his press conference following the November Federal Reserve meeting.
* US bond yields pare declines after Powell comments. * US producer prices rise as expected. * Initial jobless claims slightly below expectations. By Chuck Mikolajczak. A gauge of global stocks fell for a third straight session on Thursday while the dollar advanced after U.S. data and comments from Federal Reserve Chair Jerome Powell pointed to a slower path of rate cuts from the central bank.
* PPI rises 0.2% on monthly basis in October. * Weekly jobless claims lower than forecast. * Industrials lead sector losses with defense stocks dragging. * Walt Disney (DIS) up after beating Q4 earnings estimates. * Indexes down: Dow 0.47%, S&P 500 0.60%, Nasdaq 0.64% By Sin?ad Carew and Lisa Pauline Mattackal.
- Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the return of President-elect Donald Trump to the White House. "I think it's too early to reach judgments here" and "we don't really know what policies will be put in place," Powell said at a Dallas Fed event.
Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the return of President-elect Donald Trump to the White House. "I think it's too early to reach judgments here" and "we don't really know what policies will be put in place," Powell said at a Dallas Fed event.
This month is experiencing similar volatility as 2016 when generic yields traded higher by 50 to 70 basis points during November of that year, said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.
* US producer prices rise in October. * US jobless claims fall in latest week. * Powell says Fed able to lower rates over time. * US yield curve flattens after Powell's remarks. By Gertrude Chavez-Dreyfuss and Alden Bentley.
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investor hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy.
-Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
* US bond yields slip. * US producer prices rise as expected. * Initial jobless claims slightly below expectations. By Chuck Mikolajczak. A gauge of global stocks fell for a third straight session on Thursday while the dollar climbed, after U.S. labor market data and comments from Federal Reserve Chair Jerome Powell suggested a slower path of rate cuts from the central bank.
Most Latin American currencies ticked
up against the dollar on Thursday, with the Mexican peso leading
the charge as its central bank cut interest rates by 25 basis
points.
Mexico's peso ...
Uruguay's central bank held its benchmark interest rate at 8.50%, the monetary authority said on Thursday, saying inflation remained in line with forecasts and the economy is expected to grow in coming quarters. Inflation in the 12 months through October stood at 5.01%, according to Uruguay's national statistics agency, within the monetary authority's target range of 3% to 6%.
Ongoing economic growth, a solid job market, and inflation that remains above its 2% target mean the Federal Reserve does not need to rush to lower interest rates, Fed Chair Jerome Powell said on Thursday in remarks that may point to borrowing costs remaining higher for longer for households and businesses alike.Powell affirmed that he and his fellow policymakers still consider inflation to be ...
* Powell says central bank can deliberate policy carefully. * Traders expect fewer rate cuts in 2025. * Trump election victory clouds monetary policy outlook. By Ann Saphir and Howard Schneider.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of General Reinsurance Corporation and its core property/casualty and lifeinsurance subsidiaries operating in the United States and internationally.
New Senate Majority Leader John Thune, who played a key role in negotiations of the Tax Cuts and Jobs Act, noted at the time the "fierce support in both chambers" for tax-exempt private activity bonds.
* PPI rises 0.2% on monthly basis in October. * Weekly jobless claims lower than forecast. * Walt Disney (DIS) up after beating Q4 earnings estimates. * Tapestry gains after terminating Capri deal. * Indexes down: Dow 0.03%, S&P 500 0.07%, Nasdaq 0.05% By Lisa Pauline Mattackal and Purvi Agarwal.
The county is reviewing responses to a request for proposals to help fund construction of a replacement jail through a bond-financed lease-purchase arrangement.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.78 percent. ?After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,? said Sam Khater, Freddie Mac?s Chief Economist.
Brazil has been effected to a lesser extent than other emerging market economies by the appreciation of the U.S. dollar following President-elect Donald Trump's election victory, Brazil's central bank chief Roberto Campos Neto said on Thursday.
* US bond yields slip. * US producer prices rise as expected. * Initial jobless claims slightly below expectations. By Chuck Mikolajczak. A gauge of global stocks was lower for a third straight session on Thursday, after U.S. economic data indicated the labor market remains solid while progress on tamping down inflation may be waning.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nazareth Mutual Insurance Company. The Credit Ratings reflect Nazareth?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
U.S. Treasury yields briefly ticked up on Thursday after data showed a solid labor market and a bit more pipeline inflation, before falling back again as the market awaited an afternoon speech by Jerome Powell for any clues about the Fed's next move.
Canada's main stock index touched a record high on Thursday, helped by energy stocks, while investors digested a mixed batch of U.S. economic data and awaited Federal Reserve Chair Jerome Powell's comments due later in the day. The S&P/TSX composite index was up 77.54 points, or 0.31%, at 25,066.56, set for a fourth consecutive session of gains.
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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