Freddie Mac today posted to its website its Monthly Volume Summary for October 2024, which provides information on Freddie Mac?s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. Freddie Mac?s mission is to make home possible for families across the nation.
"Earlier this month, Chair [Jerome] Powell noted that there was no 'hurry' to cut rates," noted BMO Senior Economist Priscilla Thiagamoorthy. The minutes, she noted, "confirm a broad support for taking a more cautious approach in easing monetary policy."
WASHINGTON, Nov. 26, 2024 Fannie Mae's??October 2024 Monthly Summary is now available. About Fannie MaeFannie Mae advances equitable and sustainable access to homeownership and quality, affordable rental housing for millions of people across America.
Federal Reserve policymakers unanimously decided to reduce interest rates by 25 basis points to a range of 4.5%-4.75% during their November meeting, as they expressed confidence that inflation was moving sustainably toward their 2% target, according to meeting minutes released Wednesday.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Lincoln Benefit Life Company. In addition, AM Best has affirmed the FSR of A- and the Long-Term ICR of ?a-? of Guaranty Income Life Insurance Company and United Life Insurance Company, collectively, referred to as Kuvare Retail Group.
Federal Reserve officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group agreed to avoid giving much guidance from here on about how U.S. monetary policy is likely to evolve.
* Many officials express caution about neutral interest rate. * Uncertainty about Trump policies clouds Fed outlook. * Policymakers at November meeting had to gauge strong data. By Howard Schneider.
Office Properties Income Trust (OPI) stocks are moving higher on Tuesday. What To Know: The company plans to exchange up to $340 million of its $453.6 million of its senior unsecured notes due in 2025. The notes will be exchanged for senior secured notes due in March 2027 with a 3.25% interest rate.
Sen. Jodi Ernst, R-Iowa, who will chair a Department of Government Efficiency Senate caucus next year, wants to kill federal support for the California high-speed train.
Along with Altman and Wiggins, 12 other honorees from the public and private sectors were chosen by the Northeast Women in Public Finance as Trailblazing Women in Public Finance.?
* Ford, GM fall after tariff threats. * Best Buy (BBY) drops after trimming annual sales, profit forecast. * Amgen (AMGN) falls as keenly awaited obesity drug data disappoints. * Indexes: Dow down 0.36%, S&P 500 up 0.36%, Nasdaq up 0.54% By Johann M Cherian and Purvi Agarwal.
AM Best has upgraded the Long-Term Issuer Credit Ratings to ?aa? from ?aa-? and affirmed the Financial Strength Ratings of A+ of the main rated insurance subsidiaries of Zurich Insurance Group Ltd. At the same time, AM Best has upgraded the Long-Term ICR to ?a+? from ?a? of Zurich, a non-operating holding company.
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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