Price pressures edged up in September, but at a slower-than-expected pace, with key inflation metrics reinforcing the Federal Reserve's current rate-cut path and fueling investor optimism on the stock market. The headline CPI rose 3% year-over-year, according to Friday?s report from the Bureau of Labor Statistics ? released after a nine-day delay due to the government shutdown.
The US seasonally adjusted consumer price index, a measure of inflation, rose by 0.3% in September, below expectations for a 0.4% gain in a survey compiled by Bloomberg as of 7:30 am ET and following a 0.4% increase in August, according to data released Friday by the Bureau of Labor Statistics.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3% and the actively traded Invesco QQQ Trust was 0.5% higher in Friday's premarket activity, ahead of the potential release of the delayed September CPI report.
JPMorgan Chase (JPM) and Mitsubishi UFJ Financial Group (MUFG) are among the banks leading a $38 billion debt offering as soon as Monday for data center projects in Texas and Wisconsin, Bloomberg reported Friday, citing sources familiar with the matter.
California's recent tax revenues exceeded forecasts, but the state faces structural deficits that drive budgetary borrowing and have narrowed its reserves.
European bourses tracked modestly lower midday Friday as traders weighed economic and earnings reports, and awaited a European Central Bank rate decision slated for next Thursday. Retail and tech stocks led gainers on continental trading floors, while food and property shares lagged.
The US dollar rose against its major trading partners early Friday ahead of the rescheduled consumer price index report for September at 8:30 am ET. The report was originally set to be released on Oct. 15, before being delayed due to the government shutdown.
Russia's central bank Friday said its Board of Directors decided to cut the key rate by 50bps to 16.50%, as inflation expectations remain "high." The rate reduction was less than the median consensus expectation for a 100bps cut, provided by Commerzbank, although the bank pointed out that some forecasters anticipate the rate being left unchanged.
Wall Street futures pointed moderately higher pre-bell Friday as traders awaited the next inflation report from Washington, and weighed earnings-season results.
CIBC said it expects the Bank of Canada to ease administered rates by 25bps next week. This will take the policy interest rate to 2.25%, the deposit rate to 2.20% and the bank rate to 2.50%. Canada's central bank is slated to publish its policy statement next Wednesday, at 9:45 a.m. ET.
Canadian retail sales jumped 1% month over month in August in both nominal and real terms, said Bank of Montreal. Despite that decent print, sales have been "choppy" in recent years, noted the bank. The previous inflation spike and resulting monetary tightening, the soft labor market, and trade and economic uncertainty have all weighed heavily on consumers, pointed out BMO.
"Over the next fiscal year, I look forward to collaborating with MSRB Board members from across our industry, and the nation," Board Chair Natasha Holiday said.
Societe Generale in its early Friday economic news summary pointed out: -- US dollar bid, United States Treasury yields steady ahead of U.S. CPI, PMIs. -- Germany manufacturing PMI firms to 49.6 in October from 49.5, services leap to 54.5 from 51.5, the strongest since May 2023. -- Japan's consumer price index accelerates to 2.9%% year over year in September from 2.7% in August.
The release of September's Consumer Price Index (CPI) is expected to show a 3.1% rise in the cost of living from a year earlier, the highest in 18 months, according to FactSet.
The Toronto Stock Exchange closed higher for a second day on Thursday, boosted by elevated commodity prices, even as Desjardins is telling the Bank of Canada what it should do to protect Canadian households amid warnings of an equity market correction.
"We're not going to be having huge reinvestment months over the next few months, not until the beginning of the year. So we need this flow [of deals] to keep up with demand, and we expect that to continue," said Jennifer Johnston, director of municipal bonds research at Franklin Templeton.
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...
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.
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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