US equity indexes traded mixed in midday trading, with healthcare and industrials topping sector charts amid expectations that a divided Federal Reserve will emerge in monetary policy announcements later on Wednesday.
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
Affordability in the US housing market is expected to improve next year amid lower mortgage rates and muted price growth, News Corp's Realtor.com said in a report on Wednesday. The 30-year fixed mortgage rate in the US was 6.19% as of Dec. 4, compared with 7.04% in mid-January, Freddie Mac data showed.
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each rising 0.7%. The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF was up 0.5%. Bitcoin was declining 0.3% to $92,402, and the yield for 10-year US Treasuries was shedding 2 basis points to 4....
KP Tissue (KPTSF) on Wednesday said Kruger Products Inc closed an offering of senior unsecured notes. The company said that KPI issued C$165 million principal amount of 6.250% senior unsecured notes due Dec.10, 2032 by way of private placement.
State legislators are prepping for a coming storm of budget turmoil caused by shifting Medicaid policy as the era of historic tax cuts appears to be ending.
Morgan Stanley said it expects Turkey's central bank to cut the policy rate by 100bps to 38.50% on Thursday and to remain cautious, while seeing risks skewed to a larger rate reduction. MT Newswires does not provide investment advice.
Carvana Co (CVNA) stock is trading higher Wednesday as markets brace for a pivotal Federal Reserve decision that is widely expected to deliver a third consecutive interest rate reduction. What To Know: While CME FedWatch data indicates a 25-basis-point cut is nearly fully priced in for the Dec. 10 meeting, analysts caution that the real market mover will be the central bank's forward guidance.
The Bank of Canada held its policy rate unchanged on Wednesday as expected, but stopped short of validating markets' expectations for rate hikes as soon as the middle of next year, said National Bank of Canada. Instead, policymakers have adopted a more balanced view of recent improvements in hard economic data, noted the bank.
The Bank of Canada left the overnight rate unchanged at 2.25% on Wednesday and reiterated that it believes that rates are at about the right level to keep inflation close to 2%, said CIBC.
To the surprise of precisely no one, the Bank of Canada chose to keep its key lending rate unchanged on Wednesday at 2.25%, following 25 basis point trims in each of the prior two decisions, said Bank of Montreal. As such, the BoC cut rates by a total of 100 bps for all of 2025, after slashing them by 175 bps in the final five meetings of 2024.
JPMorgan Chase & Co (JPM) shares are trading higher Wednesday morning as investors position themselves ahead of Wednesday afternoon?s pivotal Federal Reserve decision. While a 25-basis-point cut is nearly fully priced in, the real market mover will be the potential for a ?hawkish cut,? a scenario where the Fed eases slightly but signals a potential pause in 2026.
The Bank of Canada held its policy rate at 2.25% on Wednesday, in line with market expectations, said TD. The opening statement highlighted that while United States tariffs and trade uncertainty continue to weigh on business investment, the Canadian economy has proven to be relatively resilient, noted the bank. The BoC expects that inflation will continue to moderate in the coming months.
Desjardins said the Bank of Canada decision to keep its benchmark interest rate steady on Wednesday didn't come as much of a surprise, given the guidance provided last meeting, and as such doesn't change the Desjardins view that the central bank will remain on hold throughout 2026.
The Bank of Canada left the overnight rate unchanged at 2.25% on Wednesday and reiterated that it believes that rates are at about the right level, said CIBC.
Governor Tiff Macklem on Wednesday said he had three main messages after the Bank of Canada's Governing Council on Wednesday decided to keep rates on hold. First, steep United States tariffs on steel, aluminum, autos and lumber have hit these sectors hard, and uncertainty about U.S. trade policy is weighing on business investment more broadly.
Municipal bond supply projections for next year range from a high of $750-plus billion to a low of $520 billion, with most firms expecting issuance to hover around $600 billion, easily surpassing 2025's record.
The Bank of Canada on Wednesday held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The BoC's decision was in line with expectations. As background, Canada's economy grew by a surprisingly strong 2.6% in Q3, even as final domestic demand was flat.
First Fed Bank and its holding company, First Northwest Bancorp (FNWB), announced the retirement of Norman J. Tonina, Jr. from the Company?s Boards of Directors, effective at the regular Board meetings on December 9, 2025. ?Norm?s commitment and contribution to the Company and Boards for the last 12 years cannot be understated.
Bond nerves are jangling in Canada after the jobs report last Friday triggered the rout in government bonds, said Societe Generale. The Bank of Canada wasn't at all anticipating the improvement in the labor market at the last meeting, but a glance under the bonnet suggests that perhaps the hawkish repricing is a tad overdone, stated SocGen.
The quarterly US employment cost index rose by 0.8% in Q3, slower than the 0.9% gain in the previous quarter, the US Bureau of Labor Statistics reported on Wednesday. This was below the consensus estimate of a 0.9% gain in a survey compiled by Bloomberg. Benefits costs rose by 0.8% in the third quarter after a 0.7% gain in previous quarter, while wage growth slowed to 0.8% from 1.0% in Q2.
The Bank of Canada policy statement will appear at 9:45 a.m. ET on Wednesday, as well as Governor Tiff Macklem's opening remarks, said Scotiabank. The press conference will be held at 10:30 a.m. ET on Wednesday, noted the bank. Nobody expects the policy rate to change on Wednesday, stated Scotiabank. Scotiabank pointed out that it has been calling H2 2026 hikes since September.
Since late October, gold's remarkable rally encountered? a steep correction ? a victim of both risk-off sentiment in the technology sphere, along with concerns that the Federal Reserve would adopt a more pensive approach to monetary policy. Still, shortly after Halloween, sentiment has been steadily marching higher.
The US dollar fell against its major trading partners early Wednesday as markets prepare for the Federal Open Market Committee's rate decision at 2:00 pm ET and Federal Reserve Chairman Jerome Powell's press conference at 2:30 pm ET.
There is little mystery about what the Bank of Canada will do on Wednesday, said Bank of Montreal. Three strong job reports will likely send the BoC back to the sidelines after a couple of rate trims in the fall, noted the bank.
The Bank of Canada has cut by 100bps this year, taking the key policy rate to 2.25% -- two cuts came toward the start of the year with two at the last two meetings in September and October but the flow of data of late suggests the BoC may well be content with the stance of monetary policy, said MUFG.
Canacol Energy (CNNEQ) said Wednesday that it has signed an agreement with a group of its 5.75% senior unsecured notes holders for debtor-in-possession financing. The financing, which is comprised of a US$45 million delayed-draw new-money term loan, also carries the option to increase it by up to $22 million in letters of credit to renew and/or replace certain existing letters of credit.
The Bank of Canada meets on Wednesday to set interest rates, and the policy statement is scheduled to be released at 9:45 a.m. ET, said ING. The policy rate is unanimously expected to be left at 2.25%, wrote the bank in a note. The meeting comes at a time of hawkish global re-pricing -- led largely by Australia, stated ING.
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.
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