* PCE rises 2.3% in October on annual basis. * Dell, HP fall after downbeat quarterly forecasts. * Q3 GDP unrevised at 2.8%; weekly jobless claims at 213,000. By Saeed Azhar, Johann M Cherian and Purvi Agarwal.
The Investment Company Institute reported $1.221 billion of inflows into municipal bond mutual funds for the week ending Nov. 20. Exchange-traded funds saw inflows of $836 million.
* US inflation data sticky but matches estimates. * Bond market reaction muted as economic concerns prevail. * Bets on 25-basis-point Fed rate cut next month rise. * Seven-year auction meets good investor demand. By Davide Barbuscia.
* Canadian dollar gains 0.2% against the greenback. * Trades in a range of 1.4010 to 1.4077. * 10-year yield eases 6.5 basis points. By Fergal Smith. The Canadian dollar extended its recovery from a 4-1/2 year low against its U.S. counterpart on Wednesday as investors bet on Canada avoiding threatened U.S. trade tariffs through negotiation and looked ahead to domestic GDP data.
* Central bank study counters U.S. concerns that China is diverting trade through Mexico. * Quarterly report forecasts 'moderate' economic growth in coming years. * Bank board monitoring recent peso volatility, no need so far for intervention. * By Brendan O'Boyle and Anthony Esposito.
* PCE rises 2.3% in October on annual basis. * Dell, HP fall after downbeat quarterly forecasts. * Q3 GDP unrevised at 2.8%; weekly jobless claims at 213,000. * Indexes down: Dow 0.24%, S&P 500 0.33%, Nasdaq 0.61% By Johann M Cherian, Purvi Agarwal and Saeed Azhar.
The Bank of Mexico slightly raised its forecast for economic growth this year, according to the central bank's quarterly report released on Wednesday. The central bank now expects 2024 gross domestic product growth of 1.8%, up from a previous forecast of 1.5%. It held its forecast for 2025 growth at 1.2%.
November's total is below the 10-year average of $32.278 billion and is the lowest monthly total this year. The year's total is about $25 billion short of $500 billion.
* PCE rises 2.3% in October on annual basis. * Dell, HP fall after downbeat quarterly forecasts. * Q3 GDP unrevised at 2.8%; weekly jobless claims at 213,000. * Indexes down: Dow 0.09%, S&P 500 0.48%, Nasdaq 1.06% By Johann M Cherian and Purvi Agarwal.
A widely expected increase in the October Personal Consumption Expenditures price index ? commonly regarded as the Federal Reserve's preferred inflation gauge ? triggered fresh losses for the U.S. dollar, while Treasury yields and U.S. stocks also slid in tandem.
* Consumer spending increases 0.4% in October. * Core PCE rises 0.3%; up 2.8% on year-on-year basis. * Weekly jobless claims fall 2,000 to 213,000. * Core capital goods orders drop 0.2% in October. By Lucia Mutikani.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.81 percent. ?The 30-year fixed-rate mortgage moved down this week, but not by much,? said Sam Khater, Freddie Mac?s Chief Economist.
AM Best has removed from under review with developing implications and downgraded the Long-Term Issuer Credit Rating to ?a? from ?a+? and affirmed the Financial Strength Rating of A of American National Insurance Company and its affiliates, American National Life Insurance Company of Texas and American National Life Insurance Company of New York.
U.S. Treasury yields declined on Wednesday as investors piled into U.S. government bonds following weak consumer sentiment surveys in Europe, while U.S. inflation concerns took a temporary backseat as data came in line with estimates. Data on Wednesday showed German consumer sentiment dropped more than expected, while French consumer confidence fell to a five-month low in November.
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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