Federal Reserve Bank of Philadelphia President Anna Paulson reiterated Wednesday her expectation that the central bank could lower short-term interest rates later this year if the economy meets her expectations of moderating inflation and job market stabilization.
National Bank of Canada (NTIOF) said Wednesday that it has opened an office in the Dubai International Financial Centre, United Arab Emirates, to "serve as a platform to support Canadian clients pursuing business opportunities in the Middle East". Ali Fares, managing director and head, Middle East and North Africa capital markets, has relocated to Dubai to lead the Bank's regional presence there.
Angola's central bank cut its main ?interest rate for the third policy meeting in a row on ?Wednesday, saying it expected an inflation slowdown to ?continue this year. The Bank of Angola ?cut its ?policy rate by 100 basis points to 17.50%, following 50 basis-point ?rate cuts at its last ?two meetings.
U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing some of the tariffs on imports, with trade margins compressing. The Producer Price Index for final demand rose 0.2% in November ?after edging up 0.1% in October, the Labor Department's Bureau of Labor Statistics said on Wednesday.
By Jamie McGeever. While the U.S. CPI inflation report on Tuesday showed a slightly softer-than-expected annual increase in core prices, there's little reason for consumers or policymakers to cheer. For consumers, the sharp spike in food prices is a reminder - as if one were needed - of the ongoing affordability crisis.
Fortinet?, the global cybersecurity leader driving the convergence of networking and security, today announced its return to the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, from January 19?23, 2026.
The US Q3 current account deficit narrowed to $226.40 billion from a revised $249.22 billion in the previous quarter, compared with expectations of a $238.0 billion deficit from a survey compiled by Bloomberg. The narrower current account deficit reflected a smaller goods and services gap, a return to a surplus for primary income and smaller secondary income gap.
The US Producer Price Index rose by 0.2% in November following a 0.1% increase in October, as expected in a survey compiled by Bloomberg. Energy prices rose by 4.6% in the month, while food prices were flat. After excluding food and energy prices, core PPI were flat, below the 0.2% gain expected and following a 0.3% gain in the previous month.
U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households boosted spending elsewhere, suggesting the economy maintained its strong pace of growth in the fourth quarter.
US retail sales rose by 0.6% in November, a faster gain than the 0.5% increase expected in a survey compiled by Bloomberg and following the previous month's 0.1% decline. Excluding a 1% increase in motor vehicle sales, retail sales were still up 0.5% compared with an expected 0.4% gain.
Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor market resilience and inflation above the ?Fed's target, the New York Times reported on Wednesday.
Minneapolis Federal Reserve President Neel Kashkari ?said the ?Trump administration's ?actions against the ?central ?bank in ?the past ?year were "really about ?monetary policy," ?as ?he came to the defense ?of Fed chair Jerome Powell. Kashkari made ?the ?comments in an interview ?with the New York Times published on Wednesday.
Mount Logan Capital Inc. (MLCI) today announced the commencement of a registered underwritten public offering of senior unsecured notes. The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol ?MLCIL? and to trade thereon within 30 days from the original issue date.
The US dollar fell against its major trading partners early Wednesday ahead of a busy economic data release schedule that starts with the producer price index and retail sales data for November and current account data for Q3, all at 8:30 am ET. Existing home sales data for December and business inventory data for October are both due to be released at 10:00 am ET.
Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.
The pound rose on Wednesday, gaining against the dollar, euro and yen, ahead of economic growth data later this week that might help shape expectations for Bank of England monetary policy in the coming months. Sterling was ?up 0.2% at $1.3447. It has barely made any headway against the dollar so far ?in January, but has gained ground against the euro, which has lost ?0.7% so far this month.
USD/JPY hit an intra-day high of 159.45 earlier Wednesday -- the last time this level was hit was also an intra-day high back on July 12, 2024, the last day that Japan's ministry of finance intervened to buy yen, said MUFG.
The U.S. Justice Department under President Donald Trump has repeatedly targeted his perceived enemies, such as Federal Reserve Chair Jerome Powell, in ways that have eroded?longstanding barriers between politics and policing.
Societe Generale in its early Wednesday economic news summary: -- Bond yields rangebound after below forecast United States core consumer price index, Federal Reserve pricing unchanged. -- Greenland: Secretary of State Rubio meets Danish and Greenlandic foreign ministers on Wednesday at White House. -- China's December trade surplus climbs to $114.1 billion, exports up 6.6% year over year.
Economic confrontation between nations and its consequences topped the World Economic Forum's annual risks perception survey released on Wednesday, replacing armed conflict as the number one concern of 1,300-plus experts surveyed worldwide.
Economic confrontation between nations and its consequences topped the World Economic Forum's annual risks perception survey released on Wednesday, replacing armed conflict as the number one concern of 1,300-plus experts surveyed worldwide.
Why GDP Growth Isn't Making Life Better for Americans ALEXANDRIA, Va., Jan. 14, 2026 Negative Population Growth, Inc. has released a compelling new Forum paper, The Myth of Growth-Driven Prosperity, authored by Nathanial Gronewold, Ph.D. This paper dismantles the long-held belief that a rising Gross Domestic Product always signifies progress and improved well-being for the American people.
Any loss of U.S. Federal Reserve independence would push up inflation and might even ?endanger financial stability, Finnish central bank ?Governor Olli Rehn said on ?Wednesday as he expressed "full ?solidarity" with ?Fed Chair Jerome Powell.
* Stocks up 0.6%, forex up 0.1% * South African rand gains on robust precious metal prices. * Poland's central bank widely expected to keep rates on hold. By Ragini Mathur and Twesha Dikshit. Most Emerging Markets equities rose on Wednesday, with the broader stock index hitting a record high, as investors monitored domestic updates and U.S. inflation data drove their expectations ?of rate cuts.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the ?Greed? zone on Tuesday. U.S. stocks settled lower on Tuesday, with the Dow Jones index falling almost 400 points during the session. The Consumer Price Index rose 2.7% year over year in December, matching both the prior reading and economist estimates.
Antero Resources (AR) said late Tuesday it priced an offering of $750 million of 5.4% senior unsecured notes due in 2036 at 99.869% of the principal amount. The company expects to receive approximately $743 million in net proceeds after accounting for expenses and underwriter discounts, it said.
Fifth Third Bancorp (FITB) and Comerica (CMA) said late Tuesday that the Federal Reserve Board has approved their pending merger. The transaction is expected to close Feb. 1, with the combined company set to become the ninth-largest US bank with about $290 billion in assets and operations. Full system and brand conversions are expected later in the year, the companies said.
By Leika Kihara. The Bank of Japan's absence from a list of central banks lining up to support Federal Reserve Chair Jerome Powell reflects its aversion to politics and the government's reluctance to cross the U.S., with an early election on the horizon.
DAVOS, Switzerland, Jan. 14, 2026 Ukraine House Davos proudly returns for its eighth year as a beacon of unity, resilience, and opportunity alongside the World Economic Forum in Davos, Switzerland, from January 19?22, 2026.
Euro zone government bond yields edged down on Wednesday, with investors focused more on economic fundamentals than concerns about Federal Reserve independence and geopolitics. A reading on U.S. inflation for December ?came in as expected on Tuesday, after euro zone borrowing costs recorded their steepest ?decline since March last week on weak economic data.
If housing affordability is a priority for U.S. President Donald Trump in an election year, the contradictions in his administration's frenetic new year policy push seem a strange way of getting results. Last week's plan to get federal housing agencies on a $200 billion buying spree of mortgage bonds looks unlikely to get mortgage rates down further by itself, according to many banks.
New Zealand's Foreign Minister Winston Peters on Wednesday publicly rebuked the country's new central bank governor for signing a statement alongside other global central bank chiefs in support of Federal Reserve Chair Jerome Powell.
New Zealand's Foreign Minister Winston Peters on Wednesday publicly rebuked the country's new central bank governor for signing a statement ?in support of Federal Reserve Chair Jerome Powell. * Top ?central bankers in Europe, England, Canada, Australia and elsewhere ?signed a statement "in full solidarity ?with the Federal ?Reserve System and its Chair Jerome H. Powell."
China on Wednesday reported a record trade surplus of nearly $1.2 trillion in 2025, led by booming exports to non-U.S. markets as producers looked to build global scale to fend off sustained pressure from the Trump administration.
Japan declined on Wednesday to comment on the Bank of Japan's absence from a statement by ?other central banks supporting U.S. Federal Reserve chair Jerome Powell, following ?the Trump administration's threat of criminal indictment.
* China posts record $1.189 trillion trade surplus in 2025. * China's December dollar exports up 6.6% Y/Y, imports up 5.7%; beat forecasts. * Strong exports come despite Trump's tariffs as China scales up new markets. * China's ability to weather risks has been 'significantly enhanced', says official. By Joe Cash and Xiuhao Chen.
China posted a record $1.189 trillion trade surplus in 2025, as ?producers brace for three more ?years of a Trump ?administration set ?on slowing ?the production powerhouse by shifting ?U.S. orders ?to other markets. Full-year outbound shipments were ?up 5.5%, ?while ?imports were flat, customs data showed on Wednesday.
Japan's government declined to comment on the Bank of ?Japan's absence in a ?statement from other central banks ?supporting U.S. ?Federal ?Reserve chair Jerome Powell, saying it ?concerns the ?BOJ's own judgment.
DAYTON, Ohio, Jan. 13, 2026 The Dayton Power and Light Company announced today that its pending offer to exchange any and all of its outstanding existing 4.550% First Mortgage Bonds due 2030, which were previously issued in a private placement, for its new 4.550% First Mortgage Bonds due 2030, which have been registered under the Securities Act of 1933, as amended, originally set to expire at 5...
The Japanese yen rebounded from an 18-month low against the dollar on Wednesday as Japanese officials warned of potential intervention to shore up the currency, while the U.S. currency was modestly stronger against the euro as traders continued to evaluate likely Federal Reserve policy.
* Central bankers and Wall Street CEOs line up in support of independent Fed. * Yen at 18-month low on reports Takaichi may call snap election on February 8. * Bitcoin hits two-month high. By Gregor Stuart Hunter.
DENVER, Jan. 13, 2026 Antero Resources Corporation (AR) announced today the pricing of an underwritten public offering of $750 million in aggregate principal amount of 5.40% senior unsecured notes due 2036 at an initial price to the public of 99.869%. The offering is expected to close on January 28, 2026, subject to customary closing conditions.
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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