Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Financial stocks declined in Wednesday late afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF shedding 0.2%. The Philadelphia Housing Index was falling 0.8%, and the State Street Real Estate Select Sector SPDR ETF rose 0.9%. Bitcoin was increasing 2.2% to $97,472, and the yield for 10-year US Treasuries fell 3 basis points ...
Most Federal Reserve districts saw economic activity grow since late November, while the overall outlook was "mildly optimistic," the US central bank said in its latest Beige Book released Wednesday. Of the 12 districts, eight reported "slight to modest" growth, while three saw no change in activity.
The New York Federal ?Reserve's ?operations desk ?plans to ?conduct ?about $15.4 billion ?in ?reinvestment purchases and ?an ?additional ?approximately $40 billion in reserve ?management purchases between January 15 ?and ?February 12, ?it said in a schedule released on ?Wednesday.
A group of the world's leading central banks and over 40 major commercial banks are to step up testing of one of world's most closely watched digital payments projects, as the race to upgrade - and dominate - the international financial architecture heats up.
CEOs from top Wall Street banks JPMorgan Chase (JPM) and BNY voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome Powell. The administration's investigation into Powell drew condemnation from former Fed chiefs and criticism from key members ?of the Republican Party this week.
CEOs from top Wall Street banks JPMorgan Chase and BNY voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome Powell. The administration's investigation into Powell drew condemnation from former Fed chiefs and criticism from key members of the Republican Party this week.
A group of the world's leading central banks and over 40 major commercial banks are to step up testing of one of world's most closely watched digital payments projects, as the race to upgrade - and dominate - the international financial architecture heats up.
* Miran criticizes foreign support for Powell as inappropriate. * Other Fed officials defend Powell's integrity, independence. * Trump plans to replace Powell with rate-cut supporter. By Lefteris Papadimas and Howard Schneider.
Atlanta Fed President Raphael Bostic said that the FOMC should maintain its restrictive stance, saying that efforts to bring inflation down to the 2% goal have not been fully realized yet. Fed Governor Stephen Miran said that deregulation has the potential to slow cost increases while at the same time increasing potential output, supporting the FOMC's ability to lower rates further.
US producer price growth accelerated sequentially in November as the goods index turned positive, delayed official data showed Wednesday. The producer price index rose by 0.2% on a seasonally adjusted basis in November, after a 0.1% increase in October, according to the Bureau of Labor Statistics. Wholesale prices of goods advanced 0.9% in November, rebounding from a 0.4% drop in October.
Federal Reserve Gov. Stephen Miran said he doesn't "really buy" the view that a potential indictment of Fed Chair Jerome Powell would affect the central bank's monetary policy.
Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said on Wednesday in a report that may do little to sway policymakers' interest rate views ahead of the central bank's meeting in two weeks.
Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said on Wednesday in a report that may do little to sway policymakers' interest rate views ahead of the central bank's meeting in two weeks.
Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday he is optimistic about the economic outlook and expects inflation to wane, but it is unclear by how much. "My outlook for the U.S. economy is one of pretty good growth going forward," the official said in a virtual event.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
Existing home sales in the US rose to the highest in nearly three years in December amid lower mortgage rates, data from the National Association of Realtors showed Wednesday. Sales increased 5.1% sequentially to a seasonally adjusted annual rate of 4.35 million units last month.
iShares Silver Trust (SLV) shares are trading higher on Wednesday. What To Know: Powell revealed in a video posted Sunday night that the Federal Reserve has received grand jury subpoenas, calling them threats of criminal indictment tied to his congressional testimony about the Fed's $2.5 billion headquarters renovation.
Fideicomiso Irrevocable ?1721 ?Banco Actinver S ?A ?Institucion ?de ?Banca ?Multiple Gr: * ?FIBRA ?PROLOGIS ?ANNOUNCES THE ISSUANCE ?AND SALE OF ?USD$500 MILLION ?OF 12-YEAR ?SENIOR UNSECURED NOTES IN ?THE INTERNATIONAL MARKETS Source text: Further ?company coverage:
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.5% and the State Street Financial Select Sector SPDR ETF shedding 0.7%. The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF rose 0.5%. Bitcoin was increasing 2% to $97,288, and the yield for 10-year US Treasuries was falling 3 basis points to 4.14%....
Federal Reserve Bank of Minneapolis President Neel Kashkari said ?Wednesday he's optimistic ?about the economic outlook and ?expects inflation ?to ?wane, but it's unclear by ?how much. "My ?outlook for the U.S. economy ?is one ?of ?pretty good growth going forward," the official ?said in a virtual event.
US retail sales rose more than projected in November as outlays on motor vehicles and at fuel stations turned positive, delayed government data showed Wednesday. Sales grew 0.6% sequentially in November, following a 0.1% decrease the previous month, the Census Bureau said. The report was delayed due to a 43-day federal government shutdown that ended in November.
Bank of Canada resumed routine Canada T-Bill purchases in December to keep pace with currency growth and maturing bonds, aiming to restore a balanced mix to its bond-heavy balance sheet, said Desjardins.
The challenge in containing inflation in the U.S. economy "has not been won yet" ?and requires the Federal Reserve to ?continue to be restrictive ?in its monetary policy ?stance, Atlanta ?Federal Reserve President Raphael Bostic said ?on Wednesday.
Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.
Federal Reserve Bank of Atlanta President Raphael ?Bostic on ?Wednesday said the ?video statement issued ?on ?Sunday by Fed ?Chair Jerome ?Powell in response to receiving ?criminal ?subpoenas ?from the Trump administration "said all it ?needed to say."
Angola's central bank Wednesday said its Monetary Policy Committee decided to cut the policy rate by 100bps to 17.50%. MT Newswires does not provide investment advice.
Government of Canada bonds cheapened on a cross-market basis after the Bank of Canada suggested that the easing cycle is now in the rearview mirror, said National Bank of Canada. The have gained back some ground recently, however, as incoming data in the United States and Canada has spilled over to performance across the curve, noted the bank.
Federal Reserve Governor Stephen Miran said on Wednesday comments from foreign central banks in defense of U.S. central bank chief Jerome Powell were inappropriate, a remark that stood in contrast to an outpouring of public support for Powell, including from other Fed policymakers, after a sharp escalation of Trump administration pressure.
The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that ?task harder, Chicago Fed President Austan Goolsbee said on Wednesday.
The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that ?task harder, Chicago Fed President Austan Goolsbee said on Wednesday.
U.S. Federal Reserve Governor Stephen Miran told a European audience on Wednesday that comments from foreign central ?banks in defense of Fed Chair Jerome ?Powell were inappropriate, and dismissed concerns ?about the resilience of U.S. ?institutions as "people ?writing things for clicks."
* Retail sales increase 0.6% in November. * Core retail sales advance 0.4% * Producer prices rise 0.2% in November after ticking up 0.1% in October. By Lucia Mutikani. 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.
* Producer prices rise moderately in November. * November retail sales top expectations. * Geopolitical tensions in Middle East spur investor caution. * Supreme Court ruling on Trump's tariffs awaited. By Chuck Mikolajczak.
U.S. business inventories increased further in October as sales dropped, suggesting inventories could contribute to gross domestic product in the fourth quarter. Inventories rose 0.3%, matching the gain ?in September, the Commerce Department's Census Bureau said on Wednesday. Retail inventories advanced 0.6% in October after increasing 0.5% ?in September.
The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.
The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.
The Council of Federal Home Loan Banks today highlighted?new independent research by the Urban Institute, a nationally respected, nonpartisan think tank based in Washington, D.C., demonstrating the strong connection between increases in Federal Home Loan Bank advances and growth in housing and community lending.
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices. Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million ?units, the National Association of Realtors said on Wednesday.
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices. Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million ?units, the National Association of Realtors said on Wednesday.
Existing-home sales increased by 5.1% in December, according to the National Association of REALTORS? Existing-Home Sales report. Month-over-month sales increased in all regions. ?2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales,? said NAR Chief Economist Lawrence Yun. ?Inventory levels remain tight,? Yun added.
The pace of US existing home sales rose by 5.1% to a 4.35 million seasonally adjusted annual rate in December from 4.14 million in November, compared with an expected increase to a 4.22 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Wednesday showed.
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.
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.
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.
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