Federal Reserve Bank of New York ?President John Williams ?said on Monday ?the relatively ?calm market ?pricing amid the political ?tumult ?around the central bank reflects the ?uncertainty ?over ?how events will play out.
Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank's headquarters.
Energy Transfer LP (ET) today announced the pricing of its offering of $1.0 billion aggregate principal amount of 4.550% senior notes due 2031, $1.0 billion aggregate principal amount of 5.350% senior notes due 2036 and $1.0 billion aggregate principal amount of 6.300% senior notes due 2056 at prices to the public of 99.830%, 99.933% and 99.842%, respectively, of their face value.
Federal Reserve Bank of New York President John Williams said Monday he expects a healthy economy in 2026 and indicated he sees no near-term reason to cut interest rates.
Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank's headquarters.
Federal Reserve Bank of New York President John Williams said Monday he expects a healthy economy in 2026 and indicated he sees no near-term reason to cut interest rates.
* Major Wall Street indexes close at record highs from lower start. * Powell accuses government of using legal system against Fed. * Dollar loses its 'New Year bounce' * Gold hits record $4,600 an ounce, oil hits 7-week high. By Isla Binnie.
The top Republican in the U.S. Senate acknowledged on Monday that the Trump administration's threat to indict Federal Reserve Chair Jerome Powell could make it harder for Congress to confirm President Donald Trump's nominees for the U.S. central bank, after two Republican lawmakers threatened to block Fed nominees over the?action.
Investors on Monday brushed aside the dramatic news of the Trump administration's threat to criminally indict Fed Chair Jerome Powell, lifting the S&P 500 to an all-time high, while precious metals also soared to new peaks.
The S&P 500 and the Dow Jones Industrial Average notched fresh highs on Monday as traders appeared to brush off concerns around Federal Reserve independence. The two indexes rose 0.2% each to 6,977.3 and 49,590.2, respectively, recording their second consecutive record finish. Barring financials and energy, all sectors ended higher, led by consumer staples.
* Banks argue cap would limit credit access, harm economy. * Financial groups warn cap could lead to higher fees, reduced rewards. * Trump's proposal lacks details, may need congressional action. * Subprime borrowers face hardest impact from proposed cap. * Morningstar analyst doubts cap implementation, warns of profitability issues. By Hannah Lang and Douglas Gillison.
Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.
CHICAGO, Jan. 12, 2026 ?Ziegler, a specialty investment bank, is pleased to announce the successful closing of The Moorings of Arlington Heights' $162,860,000 Series 2025 Bonds issued through the Illinois Finance Authority. The Moorings of Arlington Heights is a Life Plan Community situated on a 45-acre campus in Arlington Heights, Illinois.
Financial stocks were lower in late Monday trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF falling 0.9%. The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.9% to $91,650, and the yield for 10-year US Treasuries rose 2 basis points to nearly 4.19%....
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF falling 0.9%. The Philadelphia Housing Index was adding 0.2%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.9% to $91,650, and the yield for 10-year US Treasuries rose 2 basis points to nea...
BlackRock Inc (BLK): * BLACKROCK'S (BLK) ?RICK ?RIEDER: THINK ?THAT ?FED ?SEAT IS INDEPENDENT -CNBC ?INTERVIEW. * ?BLACKROCK'S RICK RIEDER: ?STORIES ?ON ?MEETING WITH TRUMP ?ON FED ROLE ARE REASONABLY ACCURATE. * ?BLACKROCK ?CIO RICK ?RIEDER: FED HAS TO GET THE ?INTEREST RATE DOWN TO 3% -CNBC Further ?company coverage:
Most stocks and currencies in
resources-rich Latin America were higher on Monday, tracking
gains in commodity ?prices, while investors sold the dollar after
the Trump administration's threat ...
* DOJ sends subpoenas to Fed over building project. * Inflation data due later this week. * 3-year, 10-year auctions set for Monday. By Chuck Mikolajczak.
A growing number of Republicans in Congress expressed concern on Monday about the Trump administration's threat to indict Federal Reserve Chair Jerome Powell, with two senators?threatening?to retaliate by blocking President Donald Trump's central bank nominees and a third calling?for the federal probe to end quickly.
US benchmark equity indexes were higher intraday, while gold prices hit new records as markets reacted to news of a criminal probe into Federal Reserve Chair Jerome Powell. The Nasdaq Composite was up 0.4% at 23,767.6 after midday Monday, while the S&P 500 rose 0.2% to 6,977.6. The Dow Jones Industrial Average added 0.1% to 49,533.4. On Friday, the Dow and the S&P 500 closed at new record highs.
U.S. House of Representatives Speaker Mike Johnson on Monday said he ?would not try ?to stop a Department of ?Justice probe into ?Federal ?Reserve Chair Jerome Powell that the ?Fed ?chief has called a pretext for ?the Trump administration ?to ?gain sway over the central bank's interest-rate setting. "We're going ?to let the investigation play out," Johnson told reporters.
The US Consumer Price Index is expected to rise by 0.3% in December according to a survey compiled by Bloomberg, while the year-over-year rate is forecast to remain at 2.7%. The CPI data are scheduled to be released at 8:30 am ET Tuesday. The same survey looks for a 0.3% gain in core CPI, excluding the volatile food and energy components.
Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.
Gold traded at a record high midafternoon on Monday as the dollar fell after the U.S. Justice Department on Friday served the Federal Reserve with grand jury subpoenas, threatening to indict Fed Chair Jerome Powell as the Trump Administration pushes to restrict the independence of the central bank and pressed for lower interest rates.
US equity indexes traded mixed while precious metals broke records in midday trading on Monday after Federal Reserve Chair Jerome Powell signaled that displeasure with monetary policy decisions is driving a Department of Justice probe into the central bank.
U.S. Treasury Secretary ?Scott Bessent told ?President Donald ?Trump ?on ?Sunday that ?the ?federal probe into Federal ?Reserve ?Chair ?Jerome Powell "made a mess" ?and could be bad for ?financial ?markets, Axios ?reported on Monday, citing two sources.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 1.1%. The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.7% to $91,442, and the yield for 10-year US Treasuries was slightly higher at 4.18%. I...
U.S. President Donald Trump did not direct ?Justice Department officials ?to investigate Federal Reserve ?Chair Jerome ?Powell, ?White House press secretary Karoline ?Leavitt ?said on Monday.
Brazil's Treasury said on Monday it expects gross ?public debt to rise ?to 83.6% of ?gross domestic product ?this year ?from 79.3% in 2025, ?remaining ?on an upward trajectory through 2032, when ?it ?is ?forecast to reach 88.6% of output.
* Canadian dollar gains 0.3% against the greenback. * Trades in a range of 1.3868 to 1.3917. * Price of oil increases 0.2% * Bond yields edge up across the curve. By Fergal Smith. The Canadian dollar clawed back some recent declines against ?its U.S. counterpart on Monday as increased concerns about the independence of the Federal Reserve weighed ?on the greenback.
Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF falling 1.1%. The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF was up 0.1%. Bitcoin was increasing 0.7% to $91,442, and the yield for 10-year US Treasuries was slightly higher at 4.18%. I...
The US Department of Justice's criminal probe into Federal Reserve Chair Jerome Powell likely carries "substantial" downside risks to the US dollar, ING Bank said Monday. On Sunday, Powell said federal prosecutors served the Fed with grand jury subpoenas threatening a criminal indictment linked to his earlier testimony regarding the multi-year renovation of the central bank's office buildings.
Broad Market Indicators. Broad-market exchange-traded funds IWM and IVV were higher, and actively traded Invesco QQQ Trust gained 0.1%. US equity indexes traded mixed in midday trading on Monday after Federal Reserve Chair Jerome Powell said President Donald Trump's displeasure with the Federal Open Market Committee's policy decisions is driving a Department of Justice probe into the central bank.
The top Republican in the U.S. Senate acknowledged on Monday that the Trump administration's threat to indict Federal Reserve Chair Jerome Powell could make it harder for Congress to confirm President Donald Trump's nominees for the U.S. central bank, after two Republican lawmakers threatened to block Fed nominees over the?action.
* Many Republicans fear probe undermines Fed's independence. * Some Republicans plan to block Trump's Fed nominees. * Investigation impacts markets; gold rises, S&P 500 fluctuates. By David Morgan. WASHINGTON, Jan 12 - The top Republican in the U.S. Senate acknowledged on Monday that the Trump administration's. threat to indict.
US equity indexes traded mixed in midday trading on Monday after Federal Reserve Chair Jerome Powell said President Donald Trump's displeasure with the Federal Open Market Committee's policy decisions is driving a Department of Justice probe into the central bank.
Canadian employment rose 128,000 in Q4 2025, following a 46,000 decline in Q3, said Bank of Montreal. At 6.8%, the unemployment rate is just a tenth higher than a year ago. Ontario's jobless rate rose 0.4 percentage point in the past year to 7.9% in December. Quebec has held up better and is sporting the lowest unemployment rate in the country, pointed out the bank.
Bank of France Governor Francois Villeroy de Galhau offered on Monday his ?support to his embattled U.S. counterpart ?Jerome Powell, describing the ?head of the U.S. ?Federal Reserve ?as a "model of integrity".
Eni said orders for its perpetual hybrid subordinated bond topped 6 billion euros from institutional investors mainly in the UK, Germany, France and Italy. The 1-billion-euro bond will be issued with a re-offer price of 99.342% and an annual coupon of 4.125% until the first reset date on April 19, 2032, the company said Monday in a statement.
The Toronto Stock Exchange is up 175 points at midday, led by strong gains in materials, followed by healthcare and info tech. Miners is the biggest gainer, up 3%. Gold futures is up 2.8%, while silver is up 8.4% Financials is the biggest decliner, down 0.5%. On the economics front, the major data release is existing home sales for December, on Thursday.
* Indexes: Dow down 0.1%, S&P 500 flat, Nasdaq up 0.2% * Financial stocks fall as Trump calls for cap on credit card rate. By Medha Singh and Pranav Kashyap. The S&P 500 paused near record highs on Monday as gains in artificial intelligence stocks and Walmart (WMT) helped the index recover from an early slide driven by concerns over the Federal Reserve's independence.
US stocks were mixed in midday trading Monday, after Federal Reserve Chair Jerome Powell said Sunday that federal prosecutors have opened a criminal investigation focused on the $2.5 billion renovation of the central bank's headquarters in Washington, D.C. Powell said the investigation "is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serv...
U.S. Senator Lisa Murkowski on Monday threw her support behind fellow Republican Thom Tillis' plan to block President Donald Trump's ?Fed nominees after the Justice Department over the weekend threatened to indict ?Fed chairman Jerome Powell.
Hycroft Mining Holding Corporation (HYMC) ripped to a new 52-week high Monday morning as traders piled into gold-leveraged names following an escalating clash between the White House, the Justice Department and Federal Reserve Chair Jerome Powell. Here?s what investors need to know.
U.S. Senator Kevin Cramer, ?a Republican ?member of the ?Senate ?Banking ?Committee and a critic ?of ?Federal Reserve Chairman ?Jerome ?Powell, ?called on Monday for a quick ?end to a federal investigation ?of ?the central bank chief, citing ?the need to restore confidence in the institution.
U.S. Senator Lisa Murkowski on Monday threw her support behind fellow Republican Thom Tillis' plan to block President Donald Trump's Fed nominees after the Justice Department ?over the weekend threatened to indict Fed chairman Jerome Powell.
Canada's main stock index rose to a fresh high on Monday, lifted largely by gold miners, as a Trump administration probe into Federal Reserve Chair Jerome Powell raised concerns ?over the central bank's independence and fueled safe-haven demand for precious metals.
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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