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President Donald Trump told The New York Times he has decided on the next Federal Reserve Chair but won?t disclose the name, while Treasury Secretary Scott Bessent said rate cuts are ?the only ingredient missing? for stronger economic growth. Trump said during a Wednesday night interview that he has a decision in mind but hasn?t discussed it with anyone.

The Federal Reserve will likely cut rates a little more to "address downside risks to the labor market" and then stop there, the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the ?Trump administration's tax cuts expected to keep inflation above the Fed's 2% target for ?the next several years.

In this third of a three-part 2026 municipal bond outlook series, Market Intelligence analyst Jeff Lipton explains how another year of heavy supply, surging ETF and SMA assets, climate and cyber risk, and growing use of bond insurance will drive muni market structure and strategy for both sell-side and buy-side stakeholders.

* Defense stocks climb as Trump proposes bigger military budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. * S&P 500 -0.09%, Nasdaq -0.65%, Dow +0.54% By Purvi Agarwal and Noel Randewich.

Gold prices were steady midafternoon on Thursday even as the dollar rose after the United States reported its trade deficit narrowed to the lowest in 16 years in October. Gold for February delivery was last seen up US$0.10 to US$4.462.60 per ounce, remaining under the Dec. 26 record high of US$4,552.70, but still up 65% over the past 12 months.

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index was climbing 3.5%, and the State Street Real Estate Select Sector SPDR ETF added 1.1%. Bitcoin was marginally lower at $91,082, and the yield for 10-year US Treasuries was rising 4 basis points to 4.17%...

Royal Bank of Canada (RY) and Deutsche Bank (DB) are pre-marketing about $1.8 billion of debt tied to Investindustrial's acquisition of TreeHouse Foods (THS), Bloomberg reported Thursday, citing people familiar with the situation.

* Banxico signals caution due to trade uncertainty and new tariffs. * Analysts expect rate cut pause amid inflation concerns. * New taxes and tariffs may temporarily impact inflation. By Brendan O'Boyle.

Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index rising 1.1% and the State Street Financial Select Sector SPDR ETF up 1%. The Philadelphia Housing Index was climbing 3.4%, and the State Street Real Estate Select Sector SPDR ETF added 1.1%. Bitcoin was marginally lower at $91,275, and the yield for 10-year US Treasuries was rising 4 basis points to 4.1...

A judge on Brazil's federal audit court on Thursday agreed to a request from the central bank to submit for a plenary decision on whether the court should inspect central bank documents related to the ?liquidation of Banco Master.

U.S. President Donald Trump said he has made ?a decision ?on who he ?would pick ?as ?the next Federal Reserve chairman ?but ?stopped short of disclosing his ?choice ?in an ?interview he gave to the New ?York Times. "I have in my mind a decision," ?Trump ?told the newspaper during an ?interview on Wednesday night.

Democratic ?Republic ?of Congo's ?central bank ?has ?decided ?to ?cut its ?main ?interest ?rate from 17.5% to ?15%, Governor Andre ?Wameso ?told ?reporters on Thursday.

The US trade deficit narrowed in October to its lowest since the middle of 2009 as exports hit the highest on record while imports fell, delayed government data showed Thursday. The goods and services deficit reduced 39% sequentially to $29.35 billion in October on a seasonally adjusted basis, the Census Bureau and the Bureau of Economic Analysis said.

Global economic growth is forecast to decline to 2.7% in 2026 from 2.8% last year before increasing to 2.9% in 2027 - still down from the pre-pandemic average of 3.2% between 2010 and 2019, according to a United Nations report released on Thursday.

* UN report says US economic growth forecast to edge up to 2.0% in 2026 and 2.2% in 2027. * In China, economy projected to grow by 4.6% in 2026 and 4.5% in 2027. * Growth in India forecast at 6.6% for 2026 and 6.7% for 2027. By Michelle Nichols.

* Indexes: Dow up 0.62%, S&P 500 up 0.05%, Nasdaq down 0.49% * Defense stocks surge as Trump proposes $1.5 trln 2027 budget. * Ford rises after Piper Sandler upgrades rating, raises PT. * Weekly jobless claims rise less than expected. By Purvi Agarwal and Nikhil Sharma.

U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining more than 250 points on Thursday.

* Both FTSE 100 and FTSE 250 end flat. * Defence stocks up after Trump calls for higher military budget. * Associated British foods (ASBFF) slides after cutting FY profit forecast.

LONDON, Jan. 8, 2026 ?Macro Advisory Partners, a leading geopolitical and global economics advisory firm, today announced the appointment of M. Bruno Le Maire as Senior Advisor. Macro Advisory Partners provides strategic counsel to corporations, investors and foundations navigating the intersection of geopolitics, global economics, and regulatory policy.

Bank of America (BAC) and Wells Fargo (WFC) will lead underwriting for $1.8 billion of sales tax and revenue bonds issued through the Kansas Development Finance Authority.

European stock markets closed mixed in Thursday trading as the Stoxx Europe declined 0.2%, Germany's DAX 40 and the FTSE 100 were little changed, France's CAC gained 0.1%, and the Swiss Market Index rose 0.2%. The euro area seasonally adjusted unemployment rate was 6.3% in November, down from 6.4% in October and up from 6.2% a year earlier, according to Eurostat, the statistical office of the E...

Federal Reserve Financial Services today announced new actions to better support the circulation of pennies for commercial activity. While the Federal Reserve continues to support penny deposits, local inventory constraints had limited that activity at some locations.

* Bloomberg Commodity Index rebalancing starts this week. * US weekly jobless claims increase marginally. * US nonfarm payrolls data due on Friday. * HSBC sees gold at $5,000/oz in first half 2026. By Anmol Choubey.

* New York Fed report finds rise in near-term expected inflation. * US consumers more concerned about job market, report says. * It finds less worry about current, future personal finances. By Michael S. Derby.

Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.16%. ?In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark,? said Sam Khater, Freddie Mac?s Chief Economist.

There were further signs of stabilization in Canadian international trade flows in October, with the goods trade balance little changed in the month, edging down to a "small" $600 million deficit from the $0.2 million surplus in September, said RBC.

U.S. Federal Housing Finance Agency Director William Pulte ?said on Thursday ?he expects President ?Donald Trump will ?make ?a decision in the ?next month ?or two on whether to ?sell a ?piece ?of the U.S. mortgage agencies Fannie Mae ?and Freddie Mac in an initial public offering.

Dragos, Inc.: Summary: Dragos, Inc., the global leader in cybersecurity for operational technology environments, today announced CEO Robert M. Lee is returning as a speaker at the World Economic Forum Annual Meeting in Davos, Switzerland, speaking at the session, "On Guard, from Deep Sea to Orbit," on Wednesday, January 21, 13:15-14:00 CEST.

* Oil prices rise as traders watch Venezuela developments. * Eyes on US nonfarm payrolls; bets of two more Fed cuts remain. * Wall Street indexes mostly lower. By Caroline Valetkevitch and Marc Jones.

Tanzania's central bank Thursday said its Monetary Policy Committee decided to maintain the Central Bank Rate at 5.75% for Q1 2026. The decision was taken considering that inflation is projected to remain within the target range of 3% to 5%, wrote the central bank in its policy statement.

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb+? and the Mexico National Scale Rating of ?aa+.MX? of Insignia Life S.A. de C.V.. The outlook of these Credit Ratings is stable.

Mexico's central bank governors all agreed that greater gradualism and caution should guide future interest rate decisions, citing trade uncertainty and new taxes going into 2026, minutes from the bank's December monetary policy ?meeting showed on Thursday.

* US weekly jobless claims rise marginally. * Data and concerns over Greenland weigh on euro. * Dollar index hits near one-month high. * Japan-China tensions under the spotlight. By Chibuike Oguh.

* Weekly jobless claims increase 8,000 to 208,000. * Continuing claims jump by 56,000 to 1.914 million. * Third-quarter worker productivity rises at fastest pace in two years. By Lucia Mutikani.

Consumer expectations for one-year US inflation growth accelerated to a 3.4% gain in December from a 3.2% gain in the previous month, according to a survey released by the New York Federal Reserve Bank on Thursday. The median inflation expectations remained at a 3.0% gain for both the three-year period and for five years ahead.

Americans grew more worried about the job market in December even as anxieties over personal finances faded, while near-term inflation expectations increased, a report from the New York Federal Reserve showed on Wednesday. Respondents in the regional Fed bank's latest Survey of Consumer Expectations said the prospect of finding a job if unemployed was the worst since the report began in ?2013.

* New York Fed report finds rise in near-term expected inflation. * US consumers more concerned about job market, report says. * It finds less worry about current, future personal finances. By Michael S. Derby.

The change in the Canadian trade balance in October could largely be explained by fluctuations in the metal and non-metallic mineral products sector, specifically the unwrought gold, silver and platinum group metals sub-sector, said National Bank of Canada.

The change in the Canadian trade balance in October could largely be explained by fluctuations in the metal and non-metallic mineral products sector, specifically the unwrought gold, silver and platinum group metals sub-sector, said National Bank of Canada.