News Results

* Fed's 9-3 rate cut decision shows divide. * Powell highlights strong views on policy direction. * Economic data has come in dovish, but distorted.

* US bonds post best return since 2020. * Fed's smaller rate cuts expected in 2026, impacting returns. * Long-term Treasury yields may rise due to fiscal stimulus. * Credit spreads may widen due to higher debt issuance in tech sector. By Davide Barbuscia.

Bank of America Corp. CEO Brian Moynihan says America's fixation on Federal Reserve rate moves has overshadowed the private sector's role in powering the economy, even as mounting political pressure raises fears over the central bank's independence.

* Fed minutes expected to show central bank divided on 2026 policy. * Dollar index poised for steepest annual drop in eight years. * China yuan breaches key level against dollar. By Dhara Ranasinghe and Ankur Banerjee.

* German 10-year bond yield rises ahead of Fed minutes. * Fed's December meeting showed disagreement on policy path. * ECB not expected to change rates soon. By Samuel Indyk.

* Fed minutes expected to show central bank divided on 2026 policy. * Dollar index poised for steepest annual drop in eight years. * Yen holds recent gains even as intervention worries lurk. By Ankur Banerjee.

Benchmark Japanese government bonds fell on Tuesday in the final trading day of a year that has seen the sharpest jump in yields in three decades on concerns about ?the nation's finances. JGBs have had a volatile year ?as the central bank scaled back its ?bond buying, inflation became entrenched and the government embraced a growth strategy based on massive fiscal stimulus.

* Fed minutes expected to show divided central bank on 2026 policy. * Dollar index poised for steepest annual drop in eight years. * Yen holds recent gains even as intervention worries lurk. By Ankur Banerjee.

U.S. President Donald Trump on ?Monday renewed ?his threat to ?bring a ?lawsuit against ?Federal Reserve Chair ?Jerome Powell ?for what he called "gross ?incompetence" ?related ?to Powell's management of renovations at the ?Fed's Washington headquarters.

The muni credit market has experienced headwinds this year, including "potential federal funding cuts, the impact of tariffs and sector-specific pressures," said Goldman Sachs (GS) strategists

Parliament in Moldova approved the 2026 budget on Monday with a deficit of 20.9 billion Moldovan lei, equivalent ?to $1.25 or 5.5% of gross domestic ?product. Members of the pro-European government's ?Party of Action and Solidarity ?ensured passage ?with 54 votes of 96 deputies in ?the chamber.

Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In ec...

Financial stocks were decreasing in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.4%. The Philadelphia Housing Index fell 0.7%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.6% at $87,330, and the yield for 10-year US Treasuries shed 2 basis points to 4.12%. In co...

Scotiabank on Monday provided a reminder of its 'Canadian Rates Outlook 2026', published earlier in December, in which it said that it expects the Bank of Canada to keep interest rates on hold at 2.25% over the first half of 2026 before switching its attention to implementing 50bps of policy tightening over the second half of it.

Treasury yields ticked down to start the final week of 2025, as the market watches for any major signs of the U.S. economy's state.

A key Federal Reserve overnight liquidity facility saw increased use on Monday, data from the New York Fed showed.

* BOJ report shows many board members saw need for rate hikes. * Fed minutes highlight thin data calendar. * US pending home sales jump. By Chuck Mikolajczak. The yen strengthened on Monday in light holiday trading, on track for its fifth gain in six sessions as markets weighed the timing of additional interest rate hikes in Japan and the ?chances of intervention.

Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was down 0.2% at $87,494, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In...

Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF each shedding about 0.5%. The Philadelphia Housing Index fell 0.8%, while the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was up 0.2% at $87,719, and the yield for 10-year US Treasuries was shedding 2 basis points to 4.11%. In c...

Moody's Ratings upgraded the Rhode Island Airport Corporation's airport revenue bonds for Providence's T.F. Green International Airport to A3 from Baa1.

With Federal Reserve Chair Jerome Powell's term expiring, there is added uncertainty about monetary policy.

The Federal Home Loan Bank of Indianapolis today announced a new program to resolve and prevent ongoing heirs? property issues in Indiana. This announcement follows a December 2024 report and subsequent policy briefs published by FHLBank Indianapolis and Black Onyx Management.

Treasury yields ticked lower to start the final week of 2025, as the market watches for any major signs of the U.S. economy's state.

* BOJ report shows many board members saw need for rate hikes. * Fed minutes highlight thin data calendar. * US pending home sales jump. By Chuck Mikolajczak. The yen strengthened on Monday and was on track for its fifth gain in six sessions as markets weighed the timing of additional interest rate hikes in Japan and the chances of ?intervention in thin holiday trading.

The European Central Bank's cutting cycle had a clear target in view, which was reaching neutral, said Morgan Stanley. The rate cut in June got the ECB there, noted the bank. More ECB easing only comes with much weaker data. Morgan Stanley thinks that such data will arrive in time for the March 2026 policy meeting.

Moody's Moody's Ratings said Monday it placed Janus Henderson Group's Baa2 long-term issuer rating and Janus Henderson US' Baa2 backed senior unsecured debt ratings on a review for downgrade status following the $7.4 billion acquisition offer of Trian Fund Management and General Catalyst. Previous outlooks on Janus Henderson (JHG) were positive, according to the ratings agency.

Canadian real gross domestic product contracted by 0.3% month over month in October, as expected, said Rosenberg Research after last week's GDP release. The really big disappointment came from the various components, as the weakness transcended economic disruptions from strike-related activity in the civil service and maintenance dislocation in the resource sector, noted Rosenberg Research.

* BOJ report shows many board members saw need for rate hikes. * Ukraine talks, China live-drill preparations take centre stage. * Fed minutes highlight thin data calendar. By Rocky Swift and Alun John.

The New York State Thruway Authority's $848 million refunding features a voluntary tender process.

US equity investors will look out for the Federal Reserve's latest meeting minutes this week to evaluate market expectations for continued policy easing next year, while keeping an eye on market leadership change and a blistering precious metals rally. * The Federal Open Market Committee meeting minutes are due Tuesday.

The Canadian economy contracted 0.3% in October after a run of soft data in the month, said Bank of Montreal after last week's gross domestic product data. Manufacturing output was down 1.5% month over month across a wide range of industries -- including those with high trade exposure to the United States, noted the bank.

A see-saw year for the U.S. economy in 2025 looks set to give way to a stronger 2026 thanks to tailwinds from President Donald Trump's tax cuts, less uncertainty around tariffs, the ongoing artificial intelligence boom and a late-year run of interest-rate reductions from the Federal Reserve.

Asian stock markets were mixed on the downside Monday, as traders weighed possible tightening by the Bank of Japan and as soft industrial profits report from Beijing. Hong Kong, Shanghai and Tokyo finished in the red, while other regional exchanges were mixed but with gains in Seoul and Taiwan.

* BOJ report shows many board members saw need for rate hikes. * Ukraine talks, China live-drill preparations take centre stage. * Fed minutes highlight thin data calendar. By Rocky Swift and Alun John.

Austria should rethink its opposition to a trade deal between the EU and South America's Mercosur bloc, the country's central ?bank chief Martin Kocher was quoted as saying on ?Monday. "As a small, export-oriented country, we ?simply cannot afford to forgo ?such an ?opportunity," Kocher told Austrian news agency APA in an ?interview.

Euro zone government bond yields edged down on Monday, with benchmark 10-year German Bund yields holding below recent nine-month highs in trade thinned by the holiday season. That ?move followed a decline in U.S. Treasury yields on Friday, when markets ?across much of Europe were closed.

* Silver hits $80 per ounce before volatile drop. * Fed minutes in focus this week. * Dollar stays under pressure on rate cut wagers. By Ankur Banerjee. Asian stocks were at six-week highs on Monday, while the dollar hovered near its lowest in almost three months on expectations of the Federal Reserve cutting interest rates next year, which have also sparked a fierce rally in precious metals.

* One saw need for hikes at 'intervals of a few months' * Another said weak yen due in part to too-low policy rate. * Board shared rosy economic outlook, focus on inflation risk. * No government pushback to December rate hike decision. * Summary highlights BOJ's resolve to focus on inflationary pressures. By Leika Kihara.