Cryptocurrency bettors are almost certain that the?Federal Reserve?will enact a quarter-point interest rate cut at the end of its December meeting on Wednesday. The?odds?of a 25 basis-point cut stood at 97%?on the decentralized prediction platform?Polymarket, up from 70% only a month ago.
Mortgage rates are unlikely to plunge after this week's Federal Reserve meeting, but borrowers could see a slow, uneven drift lower rather than an immediate break, economists and housing forecasters say.
The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the ?Fear? zone on Tuesday. U.S. stocks settled mixed on Tuesday, with the Dow Jones index falling over 150 points during the session ahead of the interest-rate decision by the Federal Reserve.
U.S. stock futures are down on Tuesday night ahead of the Federal Open Market Committee?s key interest rates decision on Wednesday. All three major indices are currently in the red, with?Nasdaq Futures?down 0.19%, or 49 points, trading at 25,650.75, while the?S&P 500 Futures?are down 0.08% and 5.25 points, at 6,843.00, followed by the?Dow Jones Futures?at 47,594.00, down 0.04% or 19 points.
Antero Midstream (AM) said late Tuesday it priced an upsized private placement of $600 million in 5.75% senior unsecured notes due 2034. The company expects net proceeds of about $593 million. It plans to use the proceeds, along with other borrowings and disposal, to fund the acquisition of HG Energy II Midstream. The offering is expected to close on Dec. 23.
WSFS Financial (WSFS) said late Tuesday it has priced an underwritten public offering of $200 million of its fixed-to-floating rate senior unsecured notes due 2035. Net proceeds will be used to repay $150 million of its fixed-to-floating rate senior unsecured notes due 2030, and for general corporate purposes, the company said. The offering is expected to close Dec. 11, it added.
US equity indexes closed mixed on Tuesday, with basic materials and consumer defensive leading sector charts ahead of the highly anticipated third consecutive interest-rate cut from the Federal Reserve.
US equity benchmarks ended mixed Tuesday as traders digested fresh labor market data, a day before the Federal Reserve announces its monetary policy decision. The Dow Jones Industrial Average fell 0.4% to 47,560.3, while the S&P 500 dropped 0.1% to 6,840.5 -- both closing lower for the second straight day.
Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Locust Valley. The new branch, which will be located at 85 Forest Avenue, will be staffed by Liz Materia.
While muni returns moved lower last week, year-to-date returns still hover around 4%, said Jason Wong, vice president of municipals at AmeriVet Securities.
Market Intelligence analyst Jeff Lipton finds that low debt burdens, stronger rainy-day funds, improved pension metrics and robust legal safeguards help states remain a core source of stability and diversification for muni portfolios despite slowing growth and fiscal headwinds.
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was increasing 2.6% to $93,019, and the yield for 10-year US Treasuries rose 1 basis point to ...
Financial stocks were decreasing in late Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF was down 0.4%. Bitcoin was increasing 2.6% to $93,019, and the yield for 10-year US Treasuries rose 1 basis point to ...
The National Association of REALTORS? unveiled the top 10 homebuying hot spots for 2026 in a new report, Housing Hot Spots for 2026: The Markets Poised for New Buyer Opportunities. The 10 markets were selected based on economic, demographic and housing factors.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.3%. The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF was down 0.3%. Bitcoin was increasing 3.6% to $93,914, and the yield for 10-year US Treasuries was slightly higher at 4.18...
The Federal Open Market Committee is widely expected to lower the range for its federal funds rate by 25 basis points from the current range of 3.75% to 4.00%, with markets looking at Federal Reserve Chairman Jerome Powell's post-meeting comment and the updated Summary of Economic Projections for signs of further increases.
Financial stocks were decreasing in Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the State Street Financial Select Sector SPDR ETF down 0.4%. The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF was down 0.3%. Bitcoin was increasing 3.6% to $93,914, and the yield for 10-year US Treasuries was slightly higher at 4.18...
US equity indexes were mixed after midday Tuesday, with basic materials and energy topping the sector charts. The Dow Jones Industrial Average fell 0.3% to 47,613.2, with the S&P 500 up 0.1% to 6,851.6 and the Nasdaq Composite 0.2% higher at 23,601.8. Industrials, real estate, and healthcare led the decliners.
JPMorgan Chase's (JPM) investment management division JPMorgan Asset Management is looking to convert two municipal-bond mutual funds with over $840 million of assets into exchange-traded funds in 2026, Bloomberg reported Tuesday, citing a filing.
Legislation to increase the affordable housing supply which often includes bond sales is getting attention in Congress as the bipartisan ROAD to Housing Act hits a speed bump.
The Bank of Canada meets on Wednesday, but the unanimous view is for no change in interest rates, said Deutsche Bank. That follows neutral language from the BoC's last policy meeting, plus some strong data that's taken the economic surprise index to near a three-year high, and the highest in G10, wrote the bank in a note.
The Bank of Canada is set to leave its policy rate unchanged at 2.25% this week, after declaring in October that it is "at about the right level" to keep inflation near target and help the economy through a structural adjustment, said National Bank of Canada. Forecasters unanimously expect a hold and OIS markets see no chance of a cut, wrote the bank in a note published on Monday.
The Toronto Stock Exchang is up 172 points midday on Tuesday ahead of the Bank of Canada interest-rate decision tomorrow, with healthcare, technology and financial sectors the best performers.
The one question Rosenberg Research said it was constantly receiving from Canadian clients, as the Bank of Canada reignited its easing cycle, was whether this would trigger renewed inflation and speculative behavior in the housing market. To date, no such thing has happened, stated Rosenberg Research.
The tough job market for youth has been a running theme in the Canadian economy in recent years, said Bank of Montreal. Since immigration inflows bounced back after the COVID-19 pandemic, the jobless rate for this cohort has been on an upward trajectory, noted the bank.
An Italian investment bank is breaking with an almost unanimous Wall Street consensus ahead of Wednesday's Federal Reserve meeting, predicting policymakers will hold rates steady despite markets treating another cut as nearly guaranteed. Futures markets are pricing in a roughly 88% chance of a 25-basis-point cut at the Dec. 10 meeting, according to CME Fed Watch tool.
With the policy rate at the lower end of Bank of Canada's estimated neutral rate range, and still higher than its peak of 1.75% between the Global Financial Crisis and the COVID-19 pandemic, it is difficult to see how central bankers can have any confidence that the current 2.25% interest rate setting is low enough to heal the ailing economy, said Desjardins.
"Ultimately, this report is essential because member firm compliance protects investors and safeguards the integrity of our markets," FINRA's Greg Ruppert said.
Greystone, a leading national commercial real estate finance company, announced that it has assisted Cross River Bank in completing a $288 million non-agency CMBS securitization, backed by 59 loans secured by 67 properties across four states, and rated by Moody?s and Morningstar DBRS.
Kenya's central bank Tuesday said its Monetary Policy Committee decided to lower the Central Bank Rate by 25bps to 9.00% on lower inflation expectations.
Friday's session produced a significant selloff in Government of Canada rates -- the largest single-day two-year yield increase since October 2024 -- catalyzed by yet another stronger-than-expected Labour Force Survey report, said National Bank of Canada.
Image: Bitcoin Munari Bitcoin Munari will close its Round 4 presale tonight at a fixed price of $0.50, marking a scheduled transition to the project?s next pricing stage amid continued caution across the broader crypto market. This movement unfolded against a macro environment characterized by reduced expectations of a December rate cut ahead of the US Federal Reserve?s December 11 meeting.
Antero Midstream (AM) said Tuesday it plans to sell $500 million of senior unsecured notes due 2034 in a private placement to eligible investors. The company said it plans to use the proceeds, together with borrowings under Antero Midstream Partners LP's revolving credit facility and cash from the sale of its Utica Shale midstream assets, to fund the purchase of HG Energy II Midstream Holdings.
Morgan Stanley said it expects the Brazilian central bank to keep rates unchanged at 15.00% on Wednesday. BCB's policymakers will keep a hawkish tone, in the bank's view, reinforcing the need for caution to assess cumulative impacts of the hiking cycle. MT Newswires does not provide investment advice.
US equity futures were flat ahead of Tuesday's opening bell as the Federal Reserve kicked off its policy-setting meeting. Dow Jones Industrial Average futures were flat, S&P 500 futures were little changed, and Nasdaq futures were down 0.1%. The Federal Open Market Committee begins its two-day meeting Tuesday, concluding with a monetary policy statement at 2 pm ET Wednesday.
The Bank of Canada will hold its final policy decision of the year on Wednesday, with the statement out at 9:45 a.m. ET, said TD. Before November's employment report, it was already expected that interest rates would stay unchanged, and last Friday's Labour Force Survey confirms this view, noted the bank. More important is how the Governing Council guides the outlook, stated TD.
Reflecting the recent improvement in its labor market, Canada's unemployment rate -- comparable with the United States rate methodology and seasonally adjusted -- fell to a more than one-year low of 5.5% in November after hitting 6.1% in August, said Bank of Montreal.
Payscale, the leading provider of compensation intelligence solutions, today released its 2025 End of Year Top Jobs Report, uncovering key trends shaping the labor market as we enter 2026. Development Operations Engineers are seeing the fastest overall wage growth at 12% year-over-year with a median salary of $131,000.
US equity futures were trending higher on Tuesday as President Donald Trump said he will allow Nvidia (NVDA) to sell its H200 artificial intelligence chips to China, while traders await a decision on interest rates from the Federal Reserve. The S&P 500, the Dow Jones Industrial Average and the Nasdaq edged up 0.1% each in premarket activity.
A hold by the Bank of Canada at Wednesday's policy meeting should be relatively uncontroversial, said RBC. After October's rate cut, policymakers signaled that "the current policy rate is about the right level" to deliver low, steady inflation while supporting growth through uncertainty.
BMI Research has struck an optimistic but cautious outlook for the metals market in 2026. As clarified in the note "Mining and Metals Key Themes For 2026: Global Economic Stability to Drive Gains," BMI forecasts that "the global economy [will] stabilize with easing trade frictions," helping to underpin commodity consumption. A key factor, as BMI sees it, is diminishing tariff uncertainty.
After reaching a record wide earlier this year, the gap between U.S. 10-year Treasury yields and like-dated Government of Canada bonds has narrowed sharply in recent weeks, Bank of Montreal said. At one stage in early February, at the height of the U.S.-Canada tariff uncertainty, the spread gapped out to 158 bps, with U.S. yields trading above Canada, the bank noted.
European bourses tracked evenly midday Tuesday as traders awaited the Federal Reserve's rate decision on Wednesday, and weighed recent advances in benchmark bond yields. Food and bank stocks edged higher on continental trading floors, while retail shares lagged. Investors also eyed muted Wall Street futures and generally softer closes overnight on Asian exchanges.
The Australian dollar strengthened overnight Monday following the Reserve Bank of Australia's latest policy meeting, said MUFG. It helped lift the AUD/USD rate to within touching distance of 0.6650 and extended the Australian dollar's position as the best-performing G10 currency so far this month, wrote the bank in a note to clients.
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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