The S&P 500 and the Nasdaq Composite retreated from record highs as traders weighed remarks by a Federal Reserve official. The S&P 500 lost 0.3% to 6,735.1, while the Nasdaq was down 0.1% at 23,024.6. The Dow Jones Industrial Average fell 0.5% to 46,358.4. Barring consumer staples, all sectors ended in the red, led by materials.
US equity indexes were lower on Thursday after Federal Reserve Chair Jerome Powell sidestepped the opportunity to address monetary policy during his latest public remarks amid no resolution for the partial US government shutdown. * Federal Reserve Chair Jerome Powell gave no new comments on interest rates during a recorded video address to a community bank conference in Washington on Thursday.
Donald Trump?s aggressive tariff rhetoric and mounting expectations for Federal Reserve rate cuts, the U.S. dollar is showing fresh signs of life ? putting pressure on one of Wall Street's most crowded short trades of 2025. While speculators continue to heavily short the U.S. dollar, the extreme buildup in positioning and emerging political risks may trigger an unexpected greenback reversal.
Federal Reserve Governor Michael Barr on Thursday underscored the possibility of tariffs-linked inflationary pressures becoming more persistent, urging policymakers to move cautiously on cutting interest rates further.
Financial stocks fell in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.9% and the Financial Select Sector SPDR Fund dropping 0.5%. The Philadelphia Housing Index declined 2.3%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell 2.2% to $120,975, and the yield for 10-year US Treasuries rose 1.1 basis points to 4.14%. In economic news, the government s...
The average weekly issuance is at least $10 billion, said John Flahive, head of investment solutions and co-head of municipal bonds at Insight Investment.
Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index shedding 0.8% and the Financial Select Sector SPDR Fund dropping 0.5%. The Philadelphia Housing Index declined 2.4%, and the Real Estate Select Sector SPDR Fund lost 0.5%. Bitcoin fell 2% to $120,952, and the yield for 10-year US Treasuries rose 2 basis points to 4.15%. In corporate news, JPMorgan Chase (JPM) is ac...
Fed Governor Michael Barr said that continued uncertainty around the economic outlook suggests a need for the FOMC to act more gradually than normal, noting that the FOMC could quickly adjust that pace if there is a shock to the economy.
US benchmark equity indexes were lower intraday as traders parsed remarks by a Federal Reserve governor, while a federal government shutdown dragged on. The Dow Jones Industrial Average was down 0.5% at 46,360.8 after midday Thursday.
The ratings agency cited low days cash on hand and operating losses at the system, which operates one of the leading academic medical centers in Kentucky.
The Federal Home Loan Bank of Indianapolis recently announced the recipients of its 2025 Elevate Small Business Grants, including 47 Indiana small businesses. Elevate Small Business Grants support the growth and development of small businesses across the Bank?s district of Indiana and Michigan.
The Federal Home Loan Bank of Indianapolis recently announced the recipients of its 2025 Elevate Small Business Grants, which includes 53 Michigan small businesses. Elevate Small Business Grants support the growth and development of small businesses across the Bank?s district of Indiana and Michigan.
Financial stocks fell in Thursday afternoon trading, with the NYSE Financial Index shedding 0.9% and the Financial Select Sector SPDR Fund down 0.4%. The Philadelphia Housing Index declined 2.3%, and the Real Estate Select Sector SPDR Fund lost 0.4%. Bitcoin fell 2.6% to $120,582, and the yield for 10-year US Treasuries rose 1.5 basis points to 4.15%. In corporate news, Citigroup (C) declined an ac...
US equity indexes declined along with gold futures after Federal Reserve Chair Jerome Powell sidestepped an opportunity to comment on monetary policy following the release of divisive September meeting minutes, while a ceasefire was agreed between Israel and Hamas.
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund dropping 0.5%. The Philadelphia Housing Index declined 2.4%, and the Real Estate Select Sector SPDR Fund lost 0.3%. Bitcoin fell 2.5% to $120,327, and the yield for 10-year US Treasuries rose 2 basis points to 4.15%. In corporate news, Citigroup (C) declined an a...
Due to continuing uncertainty around the economic outlook, the Federal Open Market Committee should move cautiously when considering further rate reductions, Federal Reserve Governor Michael Barr said Thursday at the Economic Club of Minnesota Luncheon. Barr noted that research shows acting more gradually is called for when there is considerable uncertainty.
The county awarded $215 million of general obligation limited tax bonds for a jail project with uncertain future funding to lowest bidder BofA Securities.
The Bank of Thailand left its policy rate unchanged at 1.5% this week, against Nomura and consensus forecasts of a 25bps cut, citing the importance of timing. The bank believes the BoT left the door open to more easing by citing that it "stands ready to adjust" the policy rate, as it lowered its gross domestic product growth and inflation forecasts.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.30%. ?Mortgage rates decreased this week,? said Sam Khater, Freddie Mac?s Chief Economist. News Facts The PMMS? is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
All three major US stock indexes were down in late-morning trading Thursday after Federal Reserve Chair Jerome Powell provided no new insights on interest rates during an appearance at a conference earlier in the day. In company news, Ferrari raised its 2025 adjusted earnings per share target to at least 8.80 euros from its previous guidance of 8.60 euros.
Based on Consensus, Friday's Canadian Labour Force Survey for September is expected to show a modest headline job gain of 5,000, said TD. The bank sees the potential for a downside surprise relative to this estimate, but TD also urges caution around reading too much into it.
Due to the sharp rise in the price of gold, Australia's gold exports have also increased significantly in recent weeks, said Commerzbank. In the first eight months of this year, the share of Australian gold exports in total exports rose to over 10%. This is the first time since 1988, when data collection began. This doesn't even take into account the rise in the price of gold in recent weeks.
Freddie Mac today announced that it has commenced a fixed-price cash tender offer for the purchase of any and all of the STACR? Notes listed in the table below beginning Thursday, October 9, 2025. Freddie Mac has engaged Wells Fargo Securities, LLC and Cantor Fitzgerald & Co. as lead dealer managers and CastleOak Securities, L.P. as co-dealer manager for the Offer.
The bar for yet another rate cut from the European Central Bank remains high, said ING. In fact, the ECB currently feels very comfortable in what it calls a 'good place'.
Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.
Wall Street futures pointed sideways pre-bell Thursday as traders awaited the impending earnings season, and comments by Federal Reserve Chair Jerome Powell. Powell will address a community bank conference in Washington at 8:30 am ET, via recorded video, with his comments parsed for clues as to whether the central bank will announce a rate cut on Oct. 29.
US equity futures were pointing lower on Thursday as investors await commentary from Federal Reserve Chair Jerome Powell after the central bank's September meeting minutes showed that most officials supported further rate cuts this year. The S&P 500 and the Nasdaq declined 0.1% each in premarket activity, while the Dow Jones Industrial Average was slightly in the red.
The Reserve Bank of New Zealand delivered a 50bps rate cut to 2.50% this week, in line with UBS expectations but larger than the consensus. More importantly, it retained its dovish bias, which sent the NZD/USD and short-dated yields lower, wrote the bank in a note.
IREN Limited (IREN) today announced the pricing of its offering of $875 million aggregate principal amount of 0.00% 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.
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.
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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