The US dollar fell against its major trading partners early Monday ahead of a light day to start a busy week, with markets digesting Federal Reserve Chairman Jerome Powell's statement Sunday evening addressing a Department of Justice probe into renovations at the Fed's Washington, DC, headquarters.
A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, pressure bank profits and reshape the economics of consumer lending.
A proposed one-year cap on credit card interest rates backed by U.S. President Donald Trump could reduce borrowing costs for some consumers but also limit credit availability, pressure bank profits and reshape the economics of consumer lending.
The major data release this week in Canada is existing home sales for December on Thursday, said Bank of Montreal. The bank expects sales slipped for the second straight month, which would mark the third decrease in the last four months and keep the yearly decline in the double digits.
* German 10-year yield down just over 1 basis point at 2.81% * Gap between US and German 10-year yields largest since November at 138 bps. German bond yields slipped on Monday while U.S. Treasury yields rose after the Trump administration threatened Fed. Chair Jerome Powell. with a criminal indictment, raising investor fears over the independence of the world's top ?central bank.
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.
Commerzbank in its "Euroepan Sunrise" note of Monday highlighted: Markets: United States Treasury futures quickly reverse initial gains after Federal Reserve Chair Jerome Powell's comments; no cash trading amid a holiday in Japan. Fed: Department of Justice launches criminal investigation into Federal Reserve Chair Powell over HQ renovation.
* 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.
Federal Reserve Chair Jerome Powell late Sunday said the Fed had been handed grand jury subpoenas from the United States Justice Department, threatening a criminal indictment over his testimony about renovation works at the central bank's headquarters, said ING. Powell has explicitly characterised this as an attack on the Fed's independence from the Trump administration, wrote the bank in a note.
Federal Reserve Chair Jerome Powell said Sunday that federal prosecutors have initiated a criminal investigation against him. The probe is linked to Powell's earlier testimony regarding the multi-year renovation of Federal Reserve buildings, which he, in a video statement, said is part of President Donald Trump's pressure campaign to influence interest rates.
* 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.
US equity investors will focus on earnings, the "threat of criminal charges" against the Federal Reserve, consumer price inflation, and the possibility of a Supreme Court ruling on tariffs this week.
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.
LONDON, Jan. 12, 2026 Sumsub, a global leader in identity verification and fraud prevention, today announced it has joined the World Economic Forum's Unicorn Community, an exclusive, invite-only program for private high-growth companies valued at over $1 billion and shaping the future of the digital economy. Sumsub's inclusion comes as identity fraud reaches new levels of sophistication.
Belden said Monday that it plans to offer 450 million euros of senior subordinated notes due 2033 via a private offering. Belden said it intends to use net proceeds from the debt offering along with cash on hand to fund the redemption of its 3.375% senior subordinated notes due 2027. MT Newswires does not provide investment advice.
* 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.
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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