Futures tracking Canada's resources-heavy stock index inched up on Monday, as gold prices rose after a Trump administration probe into U.S. Federal Reserve Chair Jerome Powell sparked concerns over central bank independence and boosted safe-haven demand. March futures ?on Toronto's S&P/TSX Composite index were up 0.2% as of 6:11 a.m. ET.
* Futures down: Dow 0.7%, S&P 500 0.7%, Nasdaq 0.9% Wall Street futures retreated on Monday as the Trump administration's attack on the Federal Reserve revived concerns over ?the U.S. central bank's independence, while a proposed one-year cap on credit card interest rates weighed on financial shares.
* Trump administration move against Powell boosts dollar risk premium. * Investors still unwilling to price in loss of Fed independence. * Abn Amro economist sees chances of more hawkish Fed. * Investors cautious on yen amid political concerns. By Stefano Rebaudo.
Goldman Sachs' (GS) chief economist Jan Hatzius said on Monday that a criminal indictment threat facing Federal Reserve chief Jerome Powell would reinforce worries about the U.S. central bank's independence, but he expected the Fed to continue to make decisions based ?on data.
Silver has hit an all-time high of $84.60, tracking unprecedented gains in gold as the dollar slid after the Trump administration threatened a criminal probe into the Federal Reserve chairman, and on tight supply and high industrial interest. So how does silver trade? OVER THE COUNTER.
U.S. President Donald Trump's proposal to cap credit card interest rates at 10% has grabbed headlines but would require legislation and has slim odds of passing, Wall Street analysts said. Credit cards are a cornerstone of U.S. consumer finance, giving households ?flexible access to credit but often at hefty rates, which can make balances costly to carry.
* Stocks up 0.9%, FX flat. * South African equities touch record high. * U.S. dollar weakens amid Fed independence concerns. * Hungary's industrial output drops 5.4% By Ragini Mathur and Twesha Dikshit.
Goldman Sachs' chief economist Jan Hatzius said on Monday that a criminal indictment threat facing Federal Reserve chief Jerome Powell would reinforce worries about the U.S. central bank's independence, but he expected the Fed to continue to make decisions based on data.
Goldman Sachs' chief economist Jan Hatzius said on Monday that a criminal indictment threat facing the Federal Reserve chairman would ?reinforce central bank independence worries, but he expected the ?Fed to continue to make decisions based on ?data.
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.
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.
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.
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.
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.
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.
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.
* 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.
The chief economist for Peru's central bank, Adrian Armas, on Friday said the country's ?gross domestic product likely grew 2% year-on-year in ?November, as he praised strong economic performance. Peru's central ?bank late in December said ?it expected ?3% growth in 2026, and the same rate in ?2027.
Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday in a radio interview inflation issues are still at the forefront of his economic concerns, in comments that added the job market continues to be in a low-hire, no-fire mode amid broader uncertainties.
U.S. household wealth hit a record high of more than $180 trillion in the third quarter of 2025 on the back of an AI-boom in the stock market and continued gains ?in home prices, data from the Federal Reserve showed on Friday.
U.S. employment growth slowed more than expected in December amid job losses in the construction, retail and manufacturing sectors, but a decline in the unemployment rate to 4.4% suggested the labor market was not rapidly deteriorating.
U.S. household wealth hit a record high of more than $180 trillion in the third quarter of 2025 on the back of an AI-boom in the stock market and continued ?gains in home prices, data from the Federal Reserve showed on Friday.
The Federal Reserve Board on Friday announced the chairs and ?vice chairs of its ?12 regional banks for ?this year, a ?list ?that includes Emerson Electric Co's ?chief executive ?Lal Karsanbhai as chair of the ?St. Louis ?Fed, ?and Liberty Mutual Insurance CEO Tim Sweeney as ?deputy chair of the Boston Fed.
* Indexes up: Dow 0.54%, S&P 500 0.63%, Nasdaq 0.73% * Nonfarm payrolls rise less-than-expected in December. * Vistra (VST) surges after nuclear power deal with Meta. * Intel (INTC) up after Trump says he had meeting with CEO. By Purvi Agarwal and Nikhil Sharma.
The chief economist ?for Peru's central ?bank on ?Friday ?said ?the country's economy ?likely ?grew 2% year-on-year in ?November. Peru's ?central ?bank late in December ?said it expected 3% growth in 2026, ?and ?the same ?rate in 2027.
* Canadian dollar falls 0.2% against the greenback. * Touches its weakest since December 5 at 1.3906. * Canadian unemployment rate rises to 6.8% * Bond yields ease across the curve. By Fergal Smith.
* Stocks gain after jobs data. * December nonfarm payrolls rise less than forecast. * Dollar initially pares gains after data. By Caroline Valetkevitch and Amanda Cooper. Stock indexes gained and the dollar was higher on Friday after data showed the U.S. economy created fewer jobs than expected in December, supporting the view the Federal Reserve would leave interest rates unchanged this month.
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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