After a nine-day delay caused by the ongoing government shutdown, September's Consumer Price Index report will finally land Friday morning, and economists say its impact on the Federal Reserve?s interest-rate path ? and thus on markets ?could be bigger than usual.
Financial stocks rose in late Thursday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund was up 0.1% Bitcoin increased 2.1% to $110,530, and the yield for 10-year US Treasuries rose 4.6 basis points to 4%. In economic news, existing home sal...
Manufacturing activity in the US Midwest region unexpectedly increased at a faster sequential pace this month, driven by gains in production and shipments, data from the Federal Reserve Bank of Kansas City showed Thursday. The composite manufacturing index rose to 6 in October from 4 in September.
Kirk R. Malmberg announced his retirement from his role as President and Chief Executive Officer of Federal Home Loan Bank of Atlanta, effective December 31, 2025. During his tenure, Malmberg led the Bank through significant periods of growth and transformation, helping to strengthen its mission, purpose, and value to shareholders.
The approval of $650 million of revenue bonds comes in the wake of a recently filed petition seeking to subject the project to voter approval or delay.
The US Consumer Price Index is expected to rise by 0.4% in September, the same as in August, according to a survey compiled by Bloomberg, while the year-over-year rate is forecast to increase to 3.1% from 2.9%. The CPI data are scheduled to be released at 8:30 am ET Friday after originally being scheduled for release on Oct. 15.
With the advance refunding of tax-exempt munis still off the table, issuers are using existing market conditions to shed Build America Bonds and realize debt service savings through tender offers.
The spending cuts and reforms to Medicaid and SNAP in the One Big Beautiful Bill will be phased in through 2028, but most states will start preparing early next year.
As the Federal Reserve navigates reduced access to private employment data, Bullhorn, the global leader in software for the staffing and recruitment industry, is highlighting the?SIA | Bullhorn Staffing Indicator as a valuable resource for gauging real-time labor market trends to help inform economic analysis.
Financial stocks rose in Thursday afternoon trading with the NYSE Financial Index edging up 0.1% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund declined 0.2%. Bitcoin increased 1.9% to $110,099, and the yield for 10-year US Treasuries rose 4.4 basis points to 4%. In economic news, existing home sales i...
Financial stocks edged higher in Thursday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund adding 0.2%. The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund declined 0.4%. Bitcoin was increasing 1.9% to $110,099, and the yield for 10-year US Treasuries was rising 4.4 basis points to 4%. In corporate n...
Existing home sales in the US rose in line with market estimates last month amid declining mortgage rates and improving affordability and inventory, data from the National Association of Realtors showed Thursday. Sales increased 1.5% sequentially to a seasonally adjusted annual rate of 4.06 million units in September, meeting the Bloomberg-compiled consensus.
US equity indexes advanced midday Thursday as government bond yields rose after new sanctions on Russia boosted crude oil prices. The Nasdaq Composite climbed 0.7% to 22,906.1, with the S&P 500 up 0.4% to 6,728.5 and the Dow Jones Industrial Average 0.2% higher at 46,665.9. Energy and technology were among the top gainers intraday, while consumer staples led the decliners.
A recent article by former IMF Deputy Managing Director Gita Gopinath warned that an equity market correction could wipe out US$20 trillion in wealth for United States households, said Desjardins. As Gopinath noted, that's equivalent to roughly 70% of U.S. gross domestic product and could reduce economic activity by as much as two full percentage points.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter ended September?30, 2025. Operating Results for the Third Quarter of 2025. Financial Condition Highlights. Reliable Source of Liquidity. Commitment to Affordable Housing Program and Community Development. Dividends.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.19%. ?Mortgage rates continued to trend down this week, hitting their lowest level in over a year,? said Sam Khater, Freddie Mac?s Chief Economist.
The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter ended September 30, 2025. ?Throughout 2025, the Federal Home Loan Bank of New York has continued to meet our members? needs, providing on-demand funding to help them better serve their customers and communities,? said Randolph C. Snook, president and CEO of the FHLBNY.
CES Energy Solutions (CESDF) announced Thursday that it closed its previously announced private placement offering of an additional C$75 million aggregate principal amount of its 6.875% senior unsecured notes due May 24, 2029, representing an additional issuance to the $200 million aggregate principal amount of 6.875% senior unsecured notes issued on May 24, 2024.
The Kansas City Fed monthly manufacturing index rose to a reading of 6 in October from 4 in September, compared with expectations for a decrease to a 2 print in a survey compiled by Bloomberg as of 7:40 am ET, indicating faster expansion in the sector.
Existing-home sales increased by 1.5% month-over-month in September, according to the National Association of REALTORS? Existing-Home Sales Report. Month-over-month sales increased in the Northeast, South and West, and fell in the Midwest. ?As anticipated, falling mortgage rates are lifting home sales,? said NAR Chief Economist Dr. Lawrence Yun.
The pace of US existing home sales rose by 1.5% to a 4.06 million seasonally adjusted annual rate in September from 4.00 million in August, as expected in a survey compiled by Bloomberg as of 7:40 am ET, data from the National Association of Realtors released Thursday showed. The rate of sales was the highest since February and was up 4.1% from a year earlier.
Turkey's central bank Thursday said its Monetary Policy Committee decided to reduce the policy rate -- the one-week repo auction rate -- by 100bps to 39.50%, as expected.
Canadian retail sales rose 1.0% month over month in August, in line with expectations and Statistics Canada's flash estimate, said Bank of Montreal. Most sectors posted higher sales, led by clothing and accessories, general merchandise and autos. The 10 provinces were split down the middle, with half reporting higher spending.
SALT LAKE CITY, UT / ACCESS Newswire (ACCS) / October 23, 2025 / Utah Medical Products, Inc. (UTMD) reports third quarter and first nine months of calendar year 2025 financial results that were unusually hampered by global trade uncertainty.
Bitcoin is back above $109,00 ahead of Friday's CPI release, despite net outflows from Spot ETFs. Spot BTC ETFs saw a $101.3 million outflow, while Spot ETH ETFs recorded $18.8 million outflows. Bitcoin Stuck, Key Levels Hold Importance Daan Crypto Trades noted Bitcoin is rangebound between $107,000?$111,000, with thin trading volume causing sharp swings.
Canada will publish retail sales for August and preliminary September data at 8:30 a.m. ET on Thursday, said Bank of Montreal. The retail sales report for August will give the bank the final piece of hard data to shape the gross domestic product call.
Wall Street futures were muted pre-bell Thursday as traders weighed soft earnings reports from EV-maker Tesla and tech giant IBM, and looked forward to the next inflation bulletin from Washington. Despite the lengthening federal government shutdown, now in its 23rd day, the Bureau of Labor Statistics will release its September consumer price index bulletin at 8:30 am ET, on Friday.
Sterling weakened sharply on Wednesday initially after the release of the much weaker United Kingdom consumer price index report for September, although a large part of the sell-off was quickly reversed, said MUFG. GBP/USD initially dropped sharply from around 1.3385 and hit a low of 1.3311 before rebounding back towards 1.3350, wrote the bank in a note to clients.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasuries recover into 20-year auction, sideways in Asia. U.S.: Treasury Secretary Scott Bessent says the U.S. economy is looking good, might see a lower consumer price index in the coming months. Trade: The Trump administration is considering broad restrictions of exports to China made with U.S. software.
EUR/USD is hovering around 1.160, a level that, in ING's view, can work as an anchor again on Thursday and possibly for a few more days should the United States consumer price index fail to add much to the US dollar narrative.
Societe Generale in its early Thursday economic news summary pointed out: -- US dollar broadly bid with oil, Unite States Treasury yields steady after solid 20-year auction. -- South Korea: Bank of Korea leaves rates on hold at 2.50% as expected. -- Day ahead: European Central Bank speaker Lane.
Investors are in wait-and-see mode as the U.S. shutdown stalls data releases and China signals restraint on export controls, keeping markets range-bound ahead of Friday?s CPI report.
The tax-exempt market is expected to be "biased higher" in the coming weeks and months as the expected heavy pace of issuance this month will not be as "oppressive" as feared, said Pat Luby, head of municipal strategy at CreditSights.
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund shedding 0.6%. The Philadelphia Housing Index was falling 1.6%, and the Real Estate Select Sector SPDR Fund was adding 0.3%. Bitcoin was easing 3.5% to $107,933, and the yield for 10-year US Treasuries shed 1 basis point to 3.95%. In economic news, m...
Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund shedding 0.6%. The Philadelphia Housing Index was falling 1.6%, and the Real Estate Select Sector SPDR Fund was adding 0.3%. Bitcoin was easing 3.2% to $108,221, and the yield for 10-year US Treasuries shed 1 basis point to 3.95%. In corporate news, ...
General Motors' (GM) lending arm, General Motors Financial, priced a $1 billion three-year bond on Wednesday, Bloomberg reported, citing a person familiar with the deal. The note will yield about 0.78 percentage point above comparable US Treasuries, tighter than the initial guidance of around 1.1 percentage points, the report said.
Greystone, a leading national commercial real estate finance company, has provided a $42,400,000 Freddie Mac loan to refinance Cortland on the River, a 237-unit multifamily community in Boise, Idaho. Located in Ada County, Cortland on the River is a mid-rise apartment community built in 2021, featuring well-appointed studio, one- and two-bedroom units and smart home features.
The city is gearing up to sell $252 million of general obligation bonds this year and $1.5 billion of revenue bonds in 2026 for a convention center project.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.06 million annual rate in September, based on a survey compiled by Bloomberg, after falling by 0.2% to a 4.00 million rate in August. Existing-home sales were at a 3.90 million rate in September 2024, so the year-over-year change would be positive.
Fed Governor Chris Waller?s payments account proposal would let the private sector innovate at the front end and keep the Fed as the trusted settlement layer behind it, argues Digital Self Labs? Linda Jeng.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 1%. The Philadelphia Housing Index was falling 1.3%, and the Real Estate Select Sector SPDR Fund was adding 0.4%. Bitcoin was declining 4.1% to $107,794, and the yield for 10-year US Treasuries was easing 1.2 basis points to 3.95%. In economic ne...
"Bond by bond, project by project the muni market has helped to build the spaces and places where American life unfolds," SEC Chairman Paul Atkins said in a speech delivered at the MSRB's 50th Anniversary Celebration Tuesday evening.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index was falling 1.1%, and the Real Estate Select Sector SPDR Fund was adding 0.3%. Bitcoin was declining 3.8% to $108,012, and the yield for 10-year US Treasuries was easing 1 basis point to 3.96%. In corporate ne...
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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