Financial stocks were moving lower in Tuesday afternoon trading, with the NYSE Financial Index fractionally lower and the Financial Select Sector SPDR Fund down 0.4%. The Philadelphia Housing Index was shedding 0.3%, and the Real Estate Select Sector SPDR Fund was increasing 0.5%. In economic news, the US Q2 current account deficit narrowed to $251.31 billion from $439.82 billion in the prior q...
US benchmark equity indexes were lower intraday as Federal Reserve Chair Jerome Powell said the central bank is facing a "challenging situation" with respect to its dual mandate.
Elevated coffee prices, driven by US tariffs and bad weather in key producing regions, provide growth opportunities for Keurig Dr. Pepper (KDP) and JDE Peet's, which recently announced plans to merge, an analyst told MT Newswires. Coffee prices rose 20.9% in August from the year-ago period, the steepest jump since 1997, according to consumer price index data from the Bureau of Labor Statistics.
National Bank of Canada on Monday maintained an outperform rating and $5.50 price target on the shares of Zedcor (ZDCAF). The bank provided takeaways from a visit to Zedcor's Denver branch. "The quick turnaround of inventory plus the limited return at this branch are accurately reflected in Zedcor's (ZDCAF) growth and a high asset utilization rate of over 90%," said analyst John Shao.
The outlook revision to negative for the Texas Biomedical Research Institute cited weakened liquidity and reliance on federal grants, the rating agency said.
U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank is in a "challenging situation" with an ongoing risk of faster-than-expected inflation at the same time that weak job growth has raised concern about the health of the labor market.
Federal Reserve Chair Jerome Powell said Tuesday that the stance of monetary policy remains "modestly restrictive," and the Federal Open Market Committee is prepared to respond to evolving economic conditions. "The increased downside risks to employment have shifted the balance of risks to achieving our goals," Powell said in prepared remarks to the Greater Providence Chamber of Commerce.
* Indexes: Dow up 0.06%, S&P 500 down 0.2%, Nasdaq down 0.4% * Boeing (BA) rises on Uzbekistan deal, potential China order. * AutoZone (AZO) falls after Q4 profit falls short of estimates. By Niket Nishant and Sukriti Gupta.
US private-sector output growth hit a three-month low in September amid softening demand, though selling prices rose at the slowest pace since April, according to S&P Global's (SPGI) flash purchasing managers' index released Tuesday. The composite output index fell to 53.6 this month from 54.6 in August, compared with a 54 reading in a survey compiled by Bloomberg.
U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needed to continue balancing the competing risks of high inflation and a weakening job market in coming interest rate decisions, even as his colleagues staked out arguments on both sides of the policy divide.
* Fed still balancing inflation, job risks. * Policy well-positioned to respond to events. * Notes erosion of trust in institutions. By Howard Schneider.
Markets will have to decide if, as Morgan Stanley thinks, the Bank of Canada will lead developed market central banks down a more dovish path. The BoC caught the bank's attention with an economy that has shed 100,000 jobs in two months and looks like a harbinger of trade disruptions. MT Newswires does not provide investment advice.
-Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump's import tax hikes have not pushed up prices the way they were expected to.
Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday inflation risks are still in play in the U.S. economy, although he noted that thus far President Donald Trump's import tax hikes have not pushed up prices the way they were expected to.
* Tech-fuelled rally pauses on Wall Street. * Treasury yields stay subdued ahead of Powell. * Gold hits a fresh high. * Dollar stays steady against major peers. By Isla Binnie and Canan Sevgili.
Nigeria's central bank Tuesday said its Monetary Policy Committee decided to reduce the Monetary Policy Rate by 50bps to 27.0%. MT Newswires does not provide investment advice.
* Fed officials renew caution on inflation risks. * Remarks from Fed Chair Powell in focus. * Swedish krona gains after Riksbank cuts rates by 25 bps. * Euro flat against dollar. By Chibuike Oguh and Canan Sevgili.
The Organization for Economic Co-operation and Development, or OECD, raised its global and US economic growth forecasts for 2025, saying the macro landscape benefited from front-loading ahead of higher tariffs. The OECD now expects world gross domestic product to grow by 3.2% this year, up from its June projection of 2.9%, but a drop from last year's 3.3% rate.
* Gold climbs to record high of $3,790.82. * Platinum surges about 5%, hits over 11-year high. * Silver holds near 14-year high. By Noel John. Gold prices climbed to a fresh record high on Tuesday, aided by safe haven flows amid geopolitical uncertainty and expectations of further Federal Reserve rate cuts.
* Indexes: Dow up 0.66%, S&P 500 up 0.05%, Nasdaq down 0.23% * Boeing (BA) rises on Uzbekistan deal, potential China order. * Kenvue (KVUE) shares bounce, Trump's claims face pushback. By Niket Nishant and Sukriti Gupta.
Morocco's central bank Tuesday said its Board decided to maintain the key interest rate unchanged at 2.25%. According to BKAM projections, inflation is expected at 1% this year, remaining virtually unchanged compared with 2024, before accelerating to 1.9% in 2026.
Royal Bank of Canada (RY) has outperformed the market over the past 5 years by 1.01% on an annualized basis producing an average annual return of 15.82%. Currently, Royal Bank of Canada (RY) has a market capitalization of $209.57 billion. Buying $1000 In RY: If an investor had bought $1000 of RY stock 5 years ago, it would be worth $2,108.89 today based on a price of $148.60 for RY at the time of writing.
Morgan Stanley noted that the Czech central bank will publish its policy statement on Wednesday. The bank sees the CNB remaining on hold and continuing to guide to unchanged rates. MT Newswires does not provide investment advice.
-Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target. "I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air," Goolsbee said in an interview with CNBC.
Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target. "I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of the air," Goolsbee said in an interview with CNBC.
Hungary's central bank on Tuesday said the Monetary Council left the key base rate at 6.50%, a move expected by the majority of economists. MNB noted in its policy statement that the Monetary Council also kept the o/n deposit rate at 5.50% and the o/n collateralized lending rate at 7.50%. MT Newswires does not provide investment advice.
* Treasuries largely flat after gains on last week's Fed rate cut. * Market closely watching Fed Chair Powell remarks. * Treasury slated to sell $69 billion in two-year notes Tuesday. By Matt Tracy.
WASHINGTON, Sept. 23, 2025 Mortgage rates are forecast to end 2025 and 2026 at 6.4 percent and 5.9 percent, respectively, according to the?September 2025 Economic and Housing Outlook from the Fannie Mae?Economic and Strategic Research Group.
Greystone, a leading national commercial real estate finance company, has provided $46,972,000 in Freddie Mac financing to refinance a two-property multifamily portfolio totaling 674 units in Houston, Texas.
Federal Reserve Vice Chair for Supervision Michelle Bowman said Tuesday that she was "pleased" with the Federal Open Market Committee's decision to lower its target rate at its meeting last week but added that it is only a first step and that a faster pace of reduction may be needed.
The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand conditions weaken and businesses begin to lay off workers, Fed Vice Chair for Supervision Michelle Bowman said on Tuesday.
The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand weakens and businesses begin to lay off workers, Fed Vice Chair for Supervision Michelle Bowman said on Tuesday.
NEW YORK---- OneChronos, the technology company advancing auction theory and computer science to optimize financial markets, today announced the appointment of Douglas L. Peterson, former CEO of S&P Global, as Executive Chairman.
Brazil's central bank said on Tuesday that it has entered a "new stage" in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its 3% target.
* Futures: Dow up 0.1%, S&P 500 down 0.03%, Nasdaq down 0.04% * Boeing (BA) rises on Uzbekistan deal, potential China order. * Kenvue (KVUE) shares bounce, Trump's claims face pushback. By Niket Nishant and Purvi Agarwal.
Brazil's central bank said on Tuesday that it has entered a "new stage" in which policymakers opt to keep interest rates unchanged while evaluating whether the current level is enough to ensure inflation converges to its 3% target.
The US Q2 current account deficit narrowed to $251.31 billion from $439.82 billion in the previous quarter, compared with expectations for a $256.6 billion deficit from a survey compiled by Bloomberg as of 7:40 am ET. The narrower current account deficit reflected a much smaller goods and services gap, partially offset by wider primary income and secondary income gaps.
The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank's current interest rate debate.
The Chicago Federal Reserve said on Tuesday it had combined government and private data into a new estimate of the unemployment rate that would give policymakers faster-moving, twice monthly updates of a statistic central to the central bank's current interest rate debate.
The US dollar rose against its major trading partners early Tuesday ahead of a busy day of economic data releases and appearances by Federal Reserve officials, particularly Fed Chairman Jerome Powell.
Crane NXT, Co. (CXT), a premier industrial technology company, today announced it expects its U.S. Currency business to grow in the high-single-digits in 2026 based on the Federal Reserve Board?s recently published 2026 print order.
US equity futures were mostly trending downwards on Tuesday as investors await commentary from Federal Reserve Chair Jerome Powell. The S&P 500 edged down 0.1% and the Nasdaq was slightly in the red in premarket activity, while the Dow Jones Industrial Average was marginally in the green.
Brazil's central bank said on Tuesday that it would not hesitate to resume an interest rate hiking cycle if deemed appropriate, but added that the economic scenario is unfolding as expected and remains consistent with its current monetary policy stance.
Wall Street futures pointed sideways pre-bell Tuesday, as traders weighed broad equity indices again at record zeniths, and awaited fresh economic data and a presentation from the Federal Reserve Chair. In the futures, the S&P 500 fell 0.1%, while the Nasdaq and the Dow Jones were steady.
Asian stock markets were uneven on Tuesday, with Hong Kong and Shanghai falling back on after a central bank official did not indicate monetary easing was on deck, while Seoul and Taiwan struck fresh record all-time highs on the global tech rally. Tokyo was closed on holiday, while other regional exchanges were mixed.
* PMI ticks up but underlying trend more concerning. * Full impact of tariff slowdown still coming. * OECD sees growth slowdown. * French turmoil to weigh on growth, German spending to boost it.
U.S. stocks finished lower on Tuesday as Federal Reserve Chair Jerome Powell said the U.S. central bank needs to balance inflation concerns with a weakening job market in its coming interest rate decisions. The Nasdaq led declines, with shares of Nvidia down after rising in the previous session, when the chipmaker said it plans to invest up to $100 billion in OpenAI.
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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