U.S. President Donald Trump said on Wednesday that the Federal Reserve's interest rate cut was small and that it could have been larger. Trump spoke at the White House after the Fed cut the benchmark policy interest rate by a quarter of a percentage point to the 3.50%-3.75% range.
Financial stocks advanced in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was climbing 3.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.7%. Bitcoin was rising 0.9% to $93,565, and the yield for 10-year US Treasuries fell 2 basis points to 4.16%. ...
* US central bankers split, with median seeing one rate cut in 2026. * Fed's Powell says rate policy well positioned. * Silver hits record high of $61.85/oz. By Ashitha Shivaprasad and Anushree Mukherjee. Dec 10 - Gold prices reversed course to rise on Wednesday after the Federal Reserve's rate cut, though uncertainty over next year's policy outlook persisted, while silver hit an all-time peak.
The U.S. dollar fell against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely expected move, but indicated it will likely pause its easing cycle at the next policy meeting in January.
* * Stocks up, dollar stays lower. * Powell says rate policy well positioned. By Caroline Valetkevitch. Major stock indexes added to gains while U.S. Treasury yields extended declines on Wednesday after the Federal Reserve cut interest rates and signalled it will likely pause further reductions in borrowing costs. The U.S. dollar stayed lower.
AST SpaceMobile Inc (ASTS) shares are trading higher Wednesday afternoon, climbing 3.6% immediately following the Federal Reserve?s decision to cut interest rates by 25 basis points. What To Know: The Fed?s move to lower the federal funds target range to 3.5%-3.75% has ignited a rally across high-beta sectors, including space technology.
After rate cuts at the last three Federal Open Market Committee meetings, the policy rate is in the range of neutral, giving the FOMC time to observe how the US economy evolves as more data are released, Federal Reserve Chair Jerome Powell said Wednesday at a press conference.
Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank's 2% inflation target is mostly the result of President Donald Trump's import tax hikes.
The Federal Reserve reduced its benchmark lending rate by 25 basis points Wednesday amid continued concerns about the health of the labor market, while policymakers reiterated their median rate expectations through 2028.
FHLB Dallas Pathway Fund Helps Organizations Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas has awarded more than $4.3 million in Pathway Fund grants to assist 42 organizations with preventing or remediating heirs? property issues, such as resolving issues with a property title or establishing a will.
SEATTLE, Dec. 10, 2025 CD Valet?is a digital marketplace that connects consumers with the best CD rates and terms nationwide, helping community financial institutions effectively attract new deposits. However, strong opportunities for savers remain.
Federal Reserve Chairman Jerome Powell said U.S. central bank interest rate policy is well positioned to respond to what lies ahead for the economy, declining to provide guidance whether another interest rate cut lies in the near future.
* Indexes: Dow up 0.61%, S&P 500 up 0.27%, Nasdaq down 0.06% * Federal Reserve cuts rates by 25 basis points. * GE Vernova (GEV) surges after bullish 2026 revenue forecast. * Oracle, Broadcom (AVGO) results awaited this week. By Sin?ad Carew and Johann M Cherian.
The Federal Reserve reduced its benchmark lending rate by 25 basis points Wednesday amid continued concerns about the health of the labor market. The central bank's Federal Open Market Committee lowered interest rates to a range of 3.50% to 3.75%, in line with Wall Street's expectations and marking a third straight quarter-percentage-point cut.
J.P. Morgan Asset Management is about to engage in some serious product renovation, announcing plans to turn four U.S. mutual funds into ETFs next year. These proposed conversions represent approximately $4.6 billion in assets as of Oct 31, and encompass municipal bond, preferred securities, and equity strategies-what the firm describes as ideal ETF candidates.
The Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likely pause further reductions in borrowing costs as officials look for clearer signals about the direction of the job market and inflation that "remains somewhat elevated."
The U.S. dollar extended losses against major peers including the euro, Swiss franc, and Japanese yen on Wednesday after the Federal Reserve lowered interest rates in a widely expected move.
The Federal Open Market Committee lowered the federal funds rate target by 25 basis points to a range of 3.50% to 3.75%, its statement Wednesday afternoon showed. Three officials dissented with Governor Stephen Miran preferring a larger 50-basis point reduction, while Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeffrey Schmid preferred no change.
The Federal Reserve cut interest rates by 25 basis points to 3.5%?3.75%, delivering a third consecutive reduction that met expectations but exposed a widening policy divide?within the central bank. Policymakers decided to ease borrowing costs again, even as inflation remains elevated, citing a softer labor market as the reason.
The U.S. Federal Reserve is ending 2025 with a bang, delivering another rate cut for consumers amid an uncertain year for the economy. The Fed nudged interest rates lower by a quarter-percentage point on Wednesday, adding to two prior cuts in 2025. That's good news for borrowers but not so much for savers.
The Federal Reserve on Wednesday said it would imminently start buying short-dated government bonds to help manage market liquidity levels to ensure the central bank retains firm control over its interest rate target system.
* Fed will start reserve management bond buying on December 12. * Fed balance sheet expansion follows recent end of quantitative tightening. * Fed bond buying is technical in nature. By Michael S. Derby.
A majority of U.S. central bankers believe they will need to cut short-term interest rates next year, but are widely split over how much, with a large group opposed to any cuts at all and three penciling in a rate hike.
A sharply divided Federal Reserve cut interest rates on Wednesday but signaled borrowing costs are unlikely to drop further in the near term as it awaits clarity on the direction of a job market showing signs of softening, inflation that "remains somewhat elevated" and an economy it sees picking up steam next year.
A majority of U.S. central bankers believe they will need to cut short-term interest rates next year, but are widely split over how much, with a large group opposed to any cuts at all and three penciling in a rate hike.
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.
White House economic adviser Kevin Hassett on Wednesday said U.S. President Donald Trump will make his final choice to lead the Federal Reserve within the next two weeks. With "stronger data" as a rationale, "you could definitely get to 50 basis points or even more," Hassett, the front-runner to be the Federal Reserve's next chair, said in an interview on Fox News' "America Reports" program.
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....
* Fed seen cutting 25bps, focus on dots and Powell. * Silver bursts above $60 an ounce. * Yields, dollar slip. By Caroline Valetkevitch and Amanda Cooper. Major stock indexes mostly edged higher while the dollar dipped on Wednesday as crunch time neared for a divided Federal Reserve policy board. Investors were also anxious to see earnings results from Oracle after Wall Street's closing bell.
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.
* Loonie gains 0.1% against the U.S. dollar. * BoC leaves its policy rate on hold at 2.25% * Price of oil decreases 0.2% * Canadian bond yields ease across the curve. By Fergal Smith. The Canadian dollar strengthened against its U.S. counterpart on Wednesday but the move was limited as the Bank of Canada left interest rates on hold and investors awaited a policy decision by the Federal Reserve.
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.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Casualty & General Insurance Company Limited.
* FTSE 100 up 0.1%, FTMC down 0.4% * Fed seen cutting rates, doubts remain on future path. * HSBC (HSBC), Standard Chartered (SCBFF) climb after BofA upgrade. Britain's blue-chip FTSE 100 edged up on Wednesday, supported by gains in banking stocks as investors awaited the U.S. Federal Reserve's interest rate decision.
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.
* Indexes: Dow up 0.49%, S&P 500 up 0.11%, Nasdaq down 0.20% * Fed rate decision expected at 2 p.m. ET. * GE Vernova surges after bullish 2026 revenue forecast. * Oracle, Broadcom (AVGO) results awaited this week. By Johann M Cherian and Pranav Kashyap.
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.
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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