President Donald Trump's trade tariffs continue to weigh on the outlook for growth and inflation, raising concerns over how long the Federal Reserve can stick with its planned cycle of interest rate cuts.
US equity indexes were higher on Wednesday amid gains in technology stocks ahead of earnings season and the release of minutes from the Federal Reserve's September meeting. * Federal Reserve officials broadly agreed in September that interest rates should be lowered, with meeting minutes released Wednesday showing near-unanimous support for a cut due to labor market weakness.
Most of Federal Reserve officials indicated last month that it would be appropriate to further lower interest rates later this year amid growing concerns around the labor market, minutes from the central bank's September meeting showed Wednesday.
Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each decreasing 0.2%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.6%. Bitcoin was increasing 1.5% to $123,195, and the yield for 10-year US Treasuries was slightly higher at nearly 4.13%. Mortgag...
Financial stocks declined in late Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund each decreasing 0.2%. The Philadelphia Housing Index was fractionally higher, and the Real Estate Select Sector SPDR Fund was down 0.6%. Bitcoin was increasing 1.5% to $123,195, and the yield for 10-year US Treasuries was slightly higher at nearly 4.13%. In corp...
Bond attorneys are skeptical that new hires at the Treasury and the Internal Revenue Service will help the municipal bond community as two men now occupy four key positions.
Most Federal Open Market Committee members were open to additional interest-rate reductions at the Sept. 16-17 FOMC meeting, citing a shift in the balance of risk toward weaker employment data, though they also urged caution, according to minutes released Wednesday.
Financial stocks were narrowly mixed in Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund down 0.1%. The Philadelphia Housing Index was flat and the Real Estate Select Sector SPDR Fund was easing 0.3%. Bitcoin was increasing 2% to $123,825, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.11%. Mortgage app...
As the Federal Reserve considers more rate reductions, F/m Investments is introducing a new fund to capture short-duration, tax-free income. The F/m Ultrashort Tax-Free Municipal ETF focuses on callable municipal bonds. The ETF, which tracks the Bloomberg Municipal Bond Currently Callable Index, is the first callable-only muni ETF.
Financial stocks edged higher in Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund up 0.1%. The Philadelphia Housing Index was adding 0.2%, and the Real Estate Select Sector SPDR Fund was easing 0.1%. Bitcoin was increasing 1.6% to $123,354, and the yield for 10-year US Treasuries was shedding 1 basis point to 4.11%. In corporat...
The Reserve Bank of New Zealand surprised markets overnight Tuesday with a larger-than-expected cut in its key interest rate, said Commerzbank. While markets and analysts had primarily anticipated a 25bps cut, the RBNZ went one step further and lowered the cash rate by 50bps to 2.5%, wrote the bank in a note to clients.
Poland's central bank said Wednesday its Monetary Policy Council decided to reduce interest rates by 25bps, as expected: -- reference rate at 4.50% on an annual basis; -- lombard rate at 5.00% on an annual basis; -- deposit rate at 4.00% on an annual basis; -- rediscount rate at 4.55% on an annual basis; -- discount rate 4.60% on an annual basis. MT Newswires does not provide investment advice.
The Reserve Bank of Australia held rates steady last week and its hawkish tone and the upside risks to inflation mean UBS sees the next rate cut in February 2026 and not November 2025. The bank also noted a rising chance the RBA will remain on hold for an extended period.
With the U.S. government shutdown still clouding official labor statistics, alternative data from private firms and banks is sending a clear message: the labor market is cooling, and markets are betting big that the Federal Reserve will respond with another rate cut at its Oct. 30 meeting.
The Central Bank of Iceland Wednesday said its Monetary Policy Committee kept interest rates unchanged, including the key rate on seven-day term deposits at 7.50%. All MPC members voted in favor of the decision, the central bank said in a statement. Inflation measured 4.1% year over year in September, after rising by 0.3 percentage point from the previous month.
US equity futures were flat ahead of Wednesday's opening bell as traders awaited minutes from the Federal Reserve's most recent policy-setting meeting. Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.1% higher. The Federal Open Market Committee is scheduled to release the minutes from its latest meeting at 2 pm ET.
US equity futures were little changed pre-bell Wednesday as traders awaited minutes from the Federal Reserve's most recent policy-setting meeting. Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher. The Federal Open Market Committee is scheduled to release the minutes from its latest meeting at 2 pm ET.
Chicago, Los Angeles and Portland will face economic costs from the Trump administration's showy deployments of National Guard troops and immigration agents.
Rezolve Ai (RZLV), the category-defining platform at the intersection of AI, commerce, and payments, today unveiled its framework for what it believes will be the next era of intelligent trade, the Age of Agentic Commerce, where autonomous AI systems will search, negotiate, and transact on behalf of people and enterprises in real time.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the Canadian dollar, ahead of the release of weekly oil stocks inventory data at 10:30 am ET and the minutes of the Sept. 16-17 Federal Open Market Committee meeting at 2:00 pm ET.
Wall Street futures pointed modestly higher pre-bell Wednesday, as traders awaited minutes of the Federal Reserve's Sept. 16-17 policy session, slated for release in Washington at 2 pm ET. In the futures, the S&P 500, the Nasdaq, and the Dow Jones pointed up about 0.2% from Tuesday closes.
The worst performing G10 currency overnight Tuesday was the New Zealand dollar, which has weakened by around 1.0% against the US dollar, said MUFG. The sell-off for the kiwi since the summer has been reinforced overnight by the Reserve Bank of New Zealand's decision to deliver a larger 50bps rate cut, stated MUFG.
North American Construction Group (NOA) overnight Tuesday said it entered into an underwriting agreement to sell an additional $125 million of its 7.75% senior unsecured notes due May 1, 2030, representing an additional issuance to the $225 million of 7.75% senior unsecured notes issued May 1. The company expects $350 million of initial notes and notes outstanding following the closing of the offering.
Uruguay's central bank late Tuesday said its Monetary Policy Committee cut its policy rate by 50bps to 8.25%. "As long as this scenario continues to evolve as expected, the BCU will continue the cycle of interest rate reductions toward a neutral policy stance" wrote the central bank in its policy statement. MT Newswires does not provide investment advice.
Canada's trade data have been pushed around this year by some big swings in gold exports and imports, said Bank of Montreal. Gold, silver and platinum exports fell almost 12% month over month in August, but are still up 13% from a year ago, noted the bank. Looking through the swings -- and more importantly -- exports of these precious metals have hit a towering $58 billion over the past year.
North American Construction (NOA) said Tuesday it has priced $125 million worth of its 7.75% senior unsecured notes due 2030 at 103% of face value in a private placement. The offering is in addition to a $225 million worth of debt issued under identical terms in May, the company said.
Federal Reserve Governor Stephen Miran on Wednesday sharply challenged the widespread view that tariffs are a significant cause of inflation, stating he sees no evidence in the data that they are a ?material driver? of rising consumer prices. Speaking at the MFA Policy Outlook 2025 conference, Miran outlined a data-driven case against the tariff-inflation link.
North American Construction Group Ltd. (NOA) announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering, an additional $125 million aggregate principal amount of its 7.75% senior unsecured notes due May 1, 2030, representing an additional issuance to the $225 million aggregate principal amount of 7.75% senior u...
The large issuance of munis this year, up 12.9% year-to-date, "disadvantaged" the asset class compared to other U.S. fixed income assets for a majority of 2025, said Pat Haskell, head of the municipal bond group at BlackRock.
IREN Limited (IREN) today announced its intention to offer, subject to market and other conditions, $875 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund gaining 0.1%. The Philadelphia Housing Index fell 3%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin declined 2.6% to $121,544, and the yield for 10-year US Treasuries dropped 4 basis points to 4.13%. In economic news, the US economy...
The US labor market outlook worsened further in September as earnings growth expectations reached the lowest in more than four years, while unemployment views increased, a survey by the Federal Reserve Bank of New York showed Tuesday.
Minneapolis Fed President Neel Kashkari said that he has seen signs of stagflation in recent data and warned that any rapid rate cuts could cause a sudden jump in inflation.
Stradling clients "were fortunate to receive proactive contact from SEC staff to reschedule imminent matters leading up to the shutdown," said Kathleen Marcus, a partner at Stradling.
Gold futures rose above $4,000 for the first time, buoyed by investor hedging against economic and political risks amid expectations of more interest rate cuts from the Federal Reserve. Gold for December delivery rose 0.8% to $4,008.2 per troy ounce in Tuesday trade, having reached $4,014.60 earlier in the session.
A debt restructuring by Ninnekah Public Schools aimed to reduce the impact of a court-approved settlement that will still result in a huge property tax hike.
Financial stocks were mixed in afternoon trading with the NYSE Financial Index dropping 0.4% and the Financial Select Sector SPDR Fund gaining 0.2%. The Philadelphia Housing Index fell 2.7%, and the Real Estate Select Sector SPDR Fund shed 0.2%. Bitcoin declined 2.3% to $121,815, and the yield for 10-year US Treasuries dropped 4 basis points to 4.12%. The US economy likely added 17,000 jobs in ...
Kenya's central bank Tuesday said its Monetary Policy Committee decided to lower the Central Bank Rate by 25bps to 9.25% as inflation stays on target. Kenya's overall inflation stood at 4.6% in September compared with 4.5% in August, and remained below the mid-point of the target range of 5%, more or less 2.5 percentage points.
Top US banks are calling on President Donald Trump for lead roles in the planned initial public offering of mortgage financing companies Fannie Mae and Freddie Mac, The Wall Street Journal reported Tuesday.
The recovery in Canadian trade from Q2's weakness was never going to be a straight line and August saw a curve in the wrong direction with the trade deficit widening by more than expected, said CIBC after Tuesday's data.
Consumer expectations for one-year US inflation growth increased to a 3.4% gain in September from a 3.2% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Tuesday. The median inflation expectations remained at a 3% gain for the fifth straight month for the three-year period and increased to a 3% gain from a 2.9% gain for five years 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.
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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