Technicals could "break down" if there is a potential decline in risk assets or rising unemployment, particularly in white-collar jobs, said Jeff Timlin, a managing partner at Sage Advisory.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2025, due December 15, 2025. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2024 due December 15, 2024, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
Federal Reserve Chair Jerome Powell addressed the perception of Bitcoin at the DealBook Summit on Wednesday, asserting that the cryptocurrency is more akin to gold than the U.S. dollar. ?People use Bitcoin as a speculative asset.
The Federal Reserve chair is not concerned about President-elect Trump nominating his successor well in advance of the end of his term in 2026, saying he is "confident" he will have a productive relationship with the next Treasury Secretary.
Funds Help Nonprofits Ramp Up Education and Services. The Federal Home Loan Bank of Dallas and Stellar Bank awarded $85,000 in Partnership Grant Program funding to support three Houston, Texas-based community development organizations ? the Community Development Corporation of Freedmens Town, Houston Real Estate Association CDC and Credit Coalition. This press release features multimedia.
Federal Reserve Chair Jerome Powell said on Wednesday he is not worried the incoming administration will undermine him as U.S. central bank leader through the people it nominates to Fed leadership ranks. In terms of dealing with a so-called shadow Fed chair, Powell said "I don't think that's on the table at all," while speaking at a New York Times event.
AM Best has withdrawn the Long-Term Issue Credit Ratings of ?bbb-? on $500 million, 5% senior unsecured notes, due 2027; ?bb? on $300 million, 6.625% perpetual, non-cumulative preferred stock; and ?bb? on $400 million, 5.95% perpetual, non-cumulative preferred stock of American Equity Investment Life Holding Company, as the company has requested to no longer participate in AM Best?s interactive...
* U.S. stocks rise on strong tech earnings. * Dollar ticks down, euro steady despite political turmoil in France. * Won near 2-year low amid South Korean political upheaval. * Treasury yields fall. By Lawrence Delevingne and Tom Wilson.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The Credit Ratings reflect SISA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk managem...
Federal Reserve Chair?Jerome Powell?painted a rosy picture of the U.S. economy ahead of key jobs data due Friday. What Happened: Speaking at the New York Times DealBook Summit on Wednesday, Powell stressed that the current state of the economy allows the Fed to exercise caution in moving rates back down to a more neutral level. ?The U.S. economy is in very good shape right now.
U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger than it had appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be more cautious in lowering rates further. "We can afford to be a little more cautious as we try to find neutral," Powell said at a New York Times event.
-U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and inflation rising at a modest pace and businesses expressing optimism about the future, the Federal Reserve said on Wednesday in a summary of surveys and interviews from across the country known collectively as the "Beige Book."
Federal Reserve Chair Jerome Powell is not worried the incoming administration will undermine him as U.S. central bank leader. Powell said when it comes to the idea of a so-called shadow Fed chair placed on the Fed, "I don't think that's on the table at all," while speaking at a New York Times event.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. The ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of HDI Global Seguros, S.A.. Concurrently, AM Best has affirmed the Mexico National Scale Rating of ?aaa.MX? of HDI-GS.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of HDI Haftpflichtverband der Deutschen Industrie V.a.G. and its rated insurance subsidiaries.
Funds incentivize member institutions to originate conventional loans at below-market rates, benefiting hundreds of residents in Indiana and Michigan In response to heavy member demand, the Board of Directors of the Federal Home Loan Bank of Indianapolis recently approved adding $2.7 million to its new Rate Advantage Program, bringing the total program allocation to $6.7 million to make homeown...
Clean Power Alliance, California?s largest Community Choice Aggregator and the leading green power provider in the United States, has been honored with the ESG/Green Financing Award from The Bond Buyer magazine for excellence in financing for a public purpose.
* Services sector PMI falls to 52.1 in November. * New orders, production, employment measures decline. * Services inflation little changed; supplier deliveries improve. By Lucia Mutikani. U.S. services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter.
* Salesforce (CRM) jumps after beating Q3 revenue estimates. * November ADP private payrolls at 146,000 versus 150,000 estimate. * ISM non-manufacturing PMI at 52.1 in November, below estimates. * Indexes up: Dow 0.53%, S&P 500 0.37%, Nasdaq 0.88% By Shashwat Chauhan and Purvi Agarwal.
Economists gaming out the possibilities for tax policy in the Trump administration believe the bond market will dictate budget cuts and spending increases.
Kevin DeMeritt, CEO of Lear Capital, detailed the potential impacts of ending the Federal Reserve and the future of precious metals markets during a recent appearance on the ?Redacted News? podcast.
U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. The outlook of these Credit Ratings is negative. The ratings reflect SNIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
* Salesforce (CRM) jumps after beating Q3 revenue estimates. * November ADP private payrolls at 146,000 versus 150,000 estimate. * ISM non-manufacturing PMI at 52.1 in November, below estimates. * Indexes up: Dow 0.47%, S&P 500 0.27%, Nasdaq 0.68% By Shashwat Chauhan and Purvi Agarwal.
The zloty edged up on
Wednesday as Poland's central bank kept rates on hold as
expected, while other Central Eastern European currencies traded
steady.
U.S. services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter. The Institute for Supply Management said on Wednesday that its nonmanufacturing purchasing managers index slipped to 52.1 last month after surging to 56.0 in October, which was the highest level since August 2022.
U.S. services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter. The Institute for Supply Management said on Wednesday that its nonmanufacturing purchasing managers index slipped to 52.1 last month after surging to 56.0 in October, which was the highest level since August 2022.
Business Activity Index at 53.7%;?New Orders Index at 53.7%;?Employment Index at 51.5%; Supplier Deliveries Index at 49.5% TEMPE, Ariz. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management? Services Business Survey Committee: "In November, the Services PMI??registered 52.1 percent, 3.9 percentage points lower than October's figure of 56 percent.
Freddie Mac Multifamily today published the results of an analysis that examined challenges facing low-income renters as they seek to use Housing Choice Vouchers. ?Freddie Mac?s findings demonstrate that voucher usage is generally lower among areas that provide greater access to opportunity,? said Sara Hoffmann, senior director of Multifamily Research at Freddie Mac.
StoneX Digital International Limited, a subsidiary of StoneX Group Inc. (SNEX), today has been approved by the Central Bank of Ireland, as a Virtual Asset Service Provider to operate a digital asset business. The StoneX Digital platform will provide execution and custody services, offering deep liquidity and flexible trading tools with multiple API integration options for seamless connectivity.
* BANK OF CANADA SAYS IT WILL AUCTION C$4 BILLION OF FUNGIBLE 29-DAY CASH MANAGEMENT BILLS ON DEC. 5 Source text: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/cash-management-bills/
* Musalem warns of unclear rate cut pace, risks of too much easing. * Markets await Powell's remarks, focus on upcoming jobs data. * ADP employment slight below expectations. By Tatiana Bautzer and Chuck Mikolajczak.
Canada's services economy expanded for a second straight month in November as firms added staff, but incoming new work was subdued and the threat of U.S. tariffs could yet hurt sentiment, S&P Global's Canada services PMI data showed on Wednesday. The headline business activity index rose to 51.2 from 50.4 in October, posting its highest level since April 2023.
Canada's services economy expanded for a second straight month in November as firms added staff, but incoming new work was subdued and the threat of U.S. tariffs could yet hurt sentiment, S&P Global's Canada services PMI data showed on Wednesday. The headline business activity index rose to 51.2 from 50.4 in October, posting its highest level since April 2023.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit rating of ?bbb-? of Continental Reinsurance Plc. The ratings reflect CRe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
An interest rate cut at the upcoming Federal Reserve?s Dec. 18 meeting remains far from being a done deal, as St. Louis Fed President Alberto Musalem's latest remarks suggest policymakers may face a heated debate in the weeks ahead.
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.
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