* Trump team threatens Powell over Fed building project. * Yield curve steepening as 30-year yields rise, 2-year yields fall. * Dollar down as investors swerve US assets. By Amanda Cooper.
A U.S. Justice Department investigation at the Federal Reserve and a combative response by chair Jerome Powell have sharply raised the stakes in a long-running dispute that has put the independence of the world's most powerful central bank openly on the line, investors said.
German government bond yields edged lower in early trading on Monday, in contrast with U.S. Treasury yields, which rose after the Trump administration threatened. Chair Jerome Powell. with a criminal indictment, again unnerving investors over the independence of the world's ?most powerful central bank.
New Research from BCG, IMD Business School, and the World Economic Forum Reveals That While Executive Awareness Is High, Most Companies Lack Embedded Structures to Act on Geopolitical Risk and Opportunity DAVOS, Switzerland, Jan. 12, 2026 /PRNewswire/ -- In 2025, global policy uncertainty reached a 20-year peak, more than four times higher than during the global financial crisis and around 50% ...
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Neutral? zone on Friday. U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 200 points during the session. The S&P 500 gained 1% last week, while the Dow and Nasdaq surged 2.3% and 1.9%, respectively.
Kosmos Energy Ltd. (KOS) announced today that its wholly-owned subsidiary, Kosmos Energy GTA Holdings, intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of senior secured bonds in the Nordic bond market.
The following are the top stories in the Wall Street Journal. - U.S. prosecutors are investigating Federal Reserve ?Chair Jerome Powell over his testimony last ?summer about the central bank's building ?renovation project.
* Powell calls threat of indictment a pretext to pressure rates. * Dollar falls broadly, S&P 500 futures down 0.5% * Gold breaches $4,600 an ounce as Iran unrest escalates. By Tom Westbrook.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors are still wrapping their heads around the latest escalation in the tussle between U.S. President Donald Trump and the Federal Reserve, with Chair Jerome Powell fighting back against ?the effort to control the Fed and interest rates.
A look at the day ahead in European and global markets from Ankur Banerjee. Investors are still wrapping their heads around the latest escalation in the tussle between U.S. President Donald Trump and the Federal Reserve, with Chair Jerome Powell fighting back against ?the effort to control the Fed and interest rates.
J.P. Morgan predicts the U.S. Federal Reserve's next move will be a rate hike in 2027, while Barclays and Goldman Sachs joined Morgan Stanley in postponing rate cut calls to mid-2026 as data suggested that the labor market was not rapidly deteriorating.
The Trump administration is threatening to bring criminal charges against Federal Reserve Chair Jerome Powell over cost over-runs at the U.S. central bank's headquarters complex in Washington, the latest broadside by Trump against Powell and a Fed he wants to lower interest rates dramatically.
Federal Reserve Chair Jerome Powell said the central bank has been served grand jury subpoenas and been threatened with criminal indictment, moves he called "pretexts" to influence interest rates through "political pressure or intimidation."
Wall Street stock indexes and U.S. government bonds steadied on Monday as traders digested the Trump administration's threat to indict the Federal Reserve, although renewed questions about the independence of the world's most influential central bank weighed on the dollar and boosted gold.
Indian government bonds are expected to start the week on a cautious note, as a mild optimism after a lower-than-scheduled quantum for state debt was overpowered by global geopolitical tensions as well as a deepening feud between the U.S. Federal Reserve ?and President Donald Trump.
* Powell calls threat of indictment a pretext to pressure rates. * Dollar falls broadly, S&P 500 futures down 0.5% * Gold breaches $4,600 an ounce as Iran unrest escalates. By Tom Westbrook.
The Australian and New Zealand dollars bounced on Monday as fresh concerns over the independence of the U.S. Federal Reserve undermined the greenback, while the Aussie drew added support from strong domestic data.
The Trump administration has threatened to indict Federal Reserve Chair Jerome Powell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more influence over the central bank and monetary policy.
The Trump administration has threatened to indict Federal Reserve Chair Jerome Powell over Congressional testimony he gave last summer about a Fed building project, an action Powell called a "pretext" to gain more influence over the central bank and monetary policy.
Traders on Polymarket and Kalshi are shrugging off the idea that a criminal investigation into the chair of the Federal Reserve would have him removed from his role early.
Tensions between the White House and the U.S. central bank sharply escalated over the weekend, with Federal Reserve Chair Jerome Powell saying the administration had threatened him with a criminal indictment related to the Fed headquarters renovation. Powell called the threats a "pretext" aimed at putting pressure on the Fed to cut interest rates.
The dollar fell on Monday after the U.S. Department of Justice threatened to indict Federal Reserve Chair Jerome Powell over comments to Congress about a building renovation project, raising concerns about the independence of the U.S. central bank and the long-term outlook for the currency.
* Probe escalates pressure on Fed before end of Powell's term. * Friday's jobs report, Iran unrest earlier lifted dollar to one-month high. * Yen in focus with possible February snap election in view. By Gregor Stuart Hunter.
The Federal Reserve released a statement from Fed Chair Jerome Powell Sunday evening responding to a Department of Justice probe over renovations to the Fed's headquarters in Washington, DC. In his statement, Powell suggested that the probe reflects continued efforts by the Trump administration to influence monetary policy.
U.S. Federal Reserve Chair Jerome Powell said on Sunday ?the Trump administration has threatened ?him with a criminal ?indictment over Congressional testimony ?he ?gave last summer, sending ?subpoenas to ?the Fed on Friday in what he ?called a "pretext" ?aimed ?at furthering pressure on him in a dispute ?with President Donald Trump over interest rates.
The U.S. attorney's office in the District of Columbia ?has opened a criminal ?investigation into Federal Reserve ?chair Jerome Powell ?over ?the central bank's renovation of ?its Washington ?headquarters and whether Powell lied to ?Congress ?about ?the scope of the project, the New ?York Times reported on Sunday.
* Banks kick off Q4 results, JPMorgan (JPM) on Tuesday. * CPI data for December could be key for Fed view. * Stocks off to solid 2026 start despite geopolitical tensions. By Lewis Krauskopf. U.S. stocks have kicked off 2026 on a strong note, but could face turbulence in the coming days with the start of corporate earnings season, fresh inflation data and rising geopolitical uncertainty.
India's central bank has raised objections to Bain Capital's plan to acquire a controlling stake in Manappuram Finance as the U.S. firm has a controlling interest in another Indian lender, three people with direct knowledge of the matter said.
* CONSUMER BANKERS ASSOCIATION: BANKS RESPOND TO PROPOSED CAP ON CREDIT ?CARD INTEREST RATES ?IN THE US. * ?CONSUMER BANKERS ?ASSOCIATION: SHARE ?THE PRESIDENT'S GOAL OF HELPING AMERICANS ?ACCESS ?MORE AFFORDABLE CREDIT. * CONSUMER BANKERS ?ASSOCIATION: HOWEVER, ?EVIDENCE ?SHOWS THAT A 10% INTEREST RATE CAP WOULD ?REDUCE CREDIT AVAILABILITY.
U.S. hedge fund manager Bill Ackman said on ?Friday that U.S. ?President Donald Trump's ?call for ?a one-year ?cap on credit ?card interest ?rates at 10% starting ?on January 20 "is ?a ?mistake".
* * Lawmakers from both parties have raised concerns about rates. * Trump's call on social media did not provide details. * Democratic lawmaker says Trump's call is meaningless without a bill. By Kanishka Singh and Jasper Ward.
KBRA releases the December 2025 issue of CMBS Trend Watch. U.S. CMBS finished the year at $125.8 billion?its highest issuance level since the global financial crisis?with a year-over-year increase of 18.6%, and in line with our 2025 forecast of $120 billion.
U.S. Treasury Secretary Scott Bessent on Friday said the goal of the Trump administration's launch of mortgage-backed securities purchases is to roughly match the rate at which those bonds are rolling off the Federal Reserve's balance sheet.
* Treasury's Bessent: MBS buybacks aim to match Fed's $15 bln monthly roll-off. * Trump orders $200 bln bond purchases to address housing affordability. * Bessent: Buybacks may boost Fannie Mae, Freddie Mac earnings. By David Lawder.
* S&P 500 reaches record high close. * December nonfarm payrolls rise less than forecast. * Dollar initially pares gains after data. * European stocks end at record high. By Caroline Valetkevitch.
* Canadian dollar falls 0.3% against the greenback. * Touches its weakest since December 5 at 1.3914. * Canadian unemployment rate rises to 6.8% * Bond yields ease across the curve. By Fergal Smith.
The S&P 500 and the Dow Jones Industrial Average reached new all-time highs on Friday following a key US jobs report that showed the unemployment rate easing in December. The S&P 500 climbed 0.7% to 6,966.3, setting new closing highs for a second time this week. Barring health care and financials, all sectors ended in the green, led by materials.
US equity indexes rose on Friday after a jobs report revealed a narrow breadth in the slower-than-expected gains in December payrolls, supporting the argument for a further easing of monetary policy.
Two Federal Reserve officials on Friday expressed some skepticism that a Trump administration plan to lower housing costs by buying billions in mortgage-backed bonds will do much to lift the troubled sector.
US equity indexes closed higher Friday after data showed that the unemployment rate eased in December, while another report showed consumer sentiment improved in January. * The US economy added fewer jobs than projected in December, while the unemployment rate fell, the Bureau of Labor Statistics said.
"With decent job growth in December and a downtick in the federal funds rate, the Federal Reserve will likely hold the federal funds rate steady at [its] next decision in late January," said Comerica Bank Chief Economist Bill Adams.
Financial stocks were edging down late Friday afternoon, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index was climbing 5.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.2%. Bitcoin was decreasing 0.6% to $90,182, and the yield for 10-year US Treasuries shed less than one basis ...
The Canadian dollar entered a corrective phase early in the New Year after December jobs data showed a sizable reversal of the November unemployment rate decline, with it moving back up 0.3 percentage points to 6.8%, while the labor market produced a small job gain of 8,000, RBC Capital Markets said.
Financial stocks were edging down late Friday afternoon, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF easing 0.2%. The Philadelphia Housing Index was climbing 5.5%, and the State Street Real Estate Select Sector SPDR ETF was up 0.4%. Bitcoin was decreasing 0.6% to $90,182, and the yield for 10-year US Treasuries shed less than one basis ...
* Stocks gain after jobs data. * December nonfarm payrolls rise less than forecast. * Dollar initially pares gains after data. * European stocks end at record high. By Caroline Valetkevitch.
* Jobs growth slows, unemployment rate falls to 4.4% * Fed unlikely to cut rates this month, futures show 4.8% chance. * Supreme Court doesn't rule on Trump's tariff policies on Friday. By Karen Brettell.
Federal Housing Finance Agency Director Bill Pulte said ?on Friday a $3 ?billion mortgage bond buy ?had been put ?in ?already the day ?after President ?Donald Trump ordered his representatives to ?buy $200 ?billion ?in mortgage bonds to bring down housing costs.
The December employment report was mixed, with payrolls growth slower than expected, the unemployment rate down, and hourly earnings growth faster. Nonfarm payrolls rose by 50,000 in December after a 56,000 gain in November and a 173,000 decline in October, both revised lower from their previous estimates.
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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