* Dollar steadies after sharp drop. * S&P 500 crosses 7,000 level. * Fed keeps rates steady as expected. By Chuck Mikolajczak. Global stocks touched an intraday record for a third straight session on Wednesday, while the U.S. dollar largely held on to gains after the Federal Reserve kept rates steady, as widely expected.
After voters rejected a 2019 bond proposal, Michigan's Dearborn Public Schools is mulling a possible $500 million, $1 billion or $1.5 billion bond this year.
U.S. Treasury Secretary ?Scott ?Bessent said the ?Justice Department's ?investigation ?into ?Federal ?Reserve Chair Jerome Powell ?should ?indicate ?to future Fed chairs ?that "independence does not mean ?no ?accountability," CBS News reported ?on Wednesday.
PHOENIX, Jan. 28, 2026 Trinity Capital Inc.?, a leading alternative asset manager, today announced that?DBRS, Inc.?, a leading provider of independent investment insights, has confirmed its previously assigned investment grade credit rating of "BBB," with the trend on the rating being revised from Stable to Positive.
US equity indexes were mostly higher Wednesday after the Federal Reserve decided to keep its policy rate unchanged and ahead of big-tech quarterly results post-bell. * The Federal Open Market Committee kept the federal funds rate at 3.5% to 3.75% and made changes to its statement pointing to firmer economic growth, stable unemployment, and reduced concern about inflation.
* Fed keeps rates steady, cites stabilizing jobs market, high inflation. * Traders still bet first rate cut will be in June. * Texas Instruments (TXN), AT&T (T), Seagate (STX) shares rally after quarterly updates. * Investors wait for Mag 7 earnings. By Sin?ad Carew and Pranav Kashyap.
* Waller, Miran dissent on Fed decision in favor rate cut. * Fed's Powell says rate hike not part of baseline outlook. * US 2/10 yield curve flattens a bit as inflation worries ease. * US rate futures expect less than two rates in 2026. By Gertrude Chavez-Dreyfuss.
Financial stocks were decreasing in Wednesday late afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF decreased 0.7%. Bitcoin was increasing 0.4% to $89,498, and the yield for 10-year US Treasuries rose 2.8 b...
* Loyalty programs generate revenue through miles sold to credit-card banks. * Trump's proposal faces uncertain path, needs congressional action. * Banks and airlines warn cap could restrict credit access, affect loyalty revenue. By Padraic Halpin and Tim Hepher.
Financial stocks were decreasing in Wednesday late afternoon trading, with the NYSE Financial Index shedding 0.6% and the State Street Financial Select Sector SPDR ETF down 0.2%. The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF decreased 0.7%. Bitcoin was increasing 0.4% to $89,498, and the yield for 10-year US Treasuries rose 2.8 b...
The U.S. economy is entering 2026 on solid footing, supported by data that are increasingly shaking off the effects of the federal government shutdown, Federal Reserve Chair Jerome Powell said Wednesday at a press conference.
Federal Reserve Chair Jerome Powell said on Wednesday that the ?growth of U.S. federal debt ?was on an unsustainable ?path and needed ?to ?be addressed, but that he had ?no expectations ?that it would a cause near-term negative ?market event.
Alternative investments think tank?s 21st Annual Investors? Meeting in New York City brings over 250 leading academics, CIOs, and industry professionals from multiple continents for key discussions AIF Global, an independent economic think tank focusing on the exchange of best ideas, practices, and information among the world?s largest asset owners, launched its third decade of programming at i...
Federal Reserve Chair Jerome Powell on Wednesday declined to say whether he ?will stay on at the ?Fed after his term as ?chair ends, or ?whether the ?central bank has responded to ?subpoenas involving renovation ?work at the central bank.
* Fed leaves rates unchanged, sees 'elevated' inflation and stabilizing job market. * US dollar supported after Bessent affirms strong dollar policy. * Dollar fell Tuesday following Trump comments. * ECB officials signal risk to inflation outlook from stronger euro. By Saqib Iqbal Ahmed.
The rail tunnel connecting New York and New Jersey is well underway, but the project can't continue without federal funds the adminstration has choked off.
U.S. Treasury yields advanced on Wednesday, briefly extending earlier gains, after the Federal Reserve left interest rates steady, as widely expected, and noted that inflation remained elevated and the labor market ?continued to stabilize. The Fed held rates unchanged at the 3.50%-3.75% range following a two-day meeting.
* Dollar steadies after sharp drop. * S&P 500 crosses 7,000 level. * Fed keeps rates steady as expected. * Meta, Tesla report earnings after the close. By Chuck Mikolajczak. NEW YORK, Jan 28 - Global stocks were on pace to snap a five-session streak of gains on Wednesday, while the U.S. dollar held on to gains after the Federal Reserve kept rates steady, as widely expected.
The Federal Reserve left its benchmark lending rate unchanged Wednesday, saying there have been "some signs of stabilization" in the unemployment rate. The central bank's Federal Open Market Committee held interest rates steady in a range of 3.50% to 3.75%, in line with Wall Street's expectations.
* Indexes: Dow down 0.01%, S&P 500 down 0.09%, Nasdaq up 0.10% * Fed keeps rates steady, cites stabilizing jobs market, high inflation. * Traders still bet first rate cut will be in June. * Investors wait for Mag 7 earnings. By Sin?ad Carew and Pranav Kashyap.
The Federal Reserve held interest rates steady on Wednesday, as was widely expected, citing still-elevated inflation alongside solid economic growth, and giving little indication in its latest policy statement of when borrowing costs might fall again.
The Federal Open Market Committee maintained the federal funds rate target at 3.5% to 3.75% and made only modest adjustments to its statement on Wednesday, which largely kept the same message as in December. There were dissents from Fed Governors Stephen Miran and Christopher Waller, who preferred a 25-basis point rate reduction.
The U.S. dollar held gains against ?the euro and ?the yen on ?Wednesday after the ?U.S. ?Federal Reserve kept ?interest rates ?steady, citing still-elevated inflation alongside ?solid ?economic ?growth, and gave little indication in its ?latest policy statement of when borrowing costs might fall again.
U.S. Treasury yields extended their gains on ?Wednesday after the ?Federal Reserve left interest ?rates steady, ?as ?widely expected, and noted ?inflation remained ?elevated and the labor market ?continued to ?stabilize. Following ?the Fed decision, the benchmark 10-year ?yield gained 4.2 basis points to 4.265%, compared with 4.259% just ?before.
The Federal Reserve kept the federal funds rate unchanged at 3.5%?3.75% on Wednesday, putting its easing cycle on hold after three rate cuts last year that brought borrowing costs to their lowest since 2022.
The U.S. dollar held gains against ?the euro and ?the yen on ?Wednesday after ?the ?U.S. Federal Reserve kept interest ?rates ?steady, citing still-elevated inflation alongside solid ?economic ?growth, ?and gave little indication in its latest ?policy statement of when borrowing costs might fall again.
MKS said Wednesday it is pricing its private offering of 1 billion euros aggregate principal amount of 4.250% senior notes due 2034. The offering is expected to close on Feb. 4, subject to customary closing conditions, the company said.
The U.S. Federal Reserve held interest rates steady on Wednesday, citing still-elevated inflation alongside solid economic growth, and giving little indication in its latest policy statement of when borrowing costs might fall again.
The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a?solid economy and diminished risks to both inflation and employment, an outlook that could signal a lengthy wait before any further reductions in borrowing costs.
Treasury Secretary Scott Bessent on Wednesday said he had spoken at length with President Donald Trump about the nomination of a successor for Federal Reserve Chairman Jerome Powell, saying there were still four "great" candidates in the running.
* Bessent says he spoke with Trump after Iowa rally. * Four "great" candidates in the running, Treasury chief says. * Trump says decision coming soon. By Andrea Shalal and Susan Heavey.
MKS Inc. (MKSI) today announced the pricing of its private offering of ?1.0 billion aggregate principal amount of 4.250% senior notes due 2034. MKS estimates that the net proceeds from the offering will be approximately ?985 million, after deducting the initial purchasers? discounts and estimated offering expenses payable by MKS.
Public finance advocates are trying to interpret mixed signals about plans to pass a major reconciliation bill that could put the threat to the tax-exempt status of munis back on the table.
The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date ?on the outlook for the Fed. U.S. President Donald Trump has repeatedly criticized Fed Chairman Jerome Powell, ?demanding he cut interest rates.
The threat to the independence of the U.S. Federal Reserve is boosting economic uncertainty around the world, Bank of Canada Governor Tiff Macklem said on Wednesday in his strongest comments to date ?on the outlook for the Fed. U.S. President Donald Trump has repeatedly criticized Fed Chairman Jerome Powell, ?demanding he cut interest rates.
The Toronto Stock Exchange is up 44 points in choppy trade at midday, boosted by gains in the energy sector, up 0.7%. Financials and industrials are the worst performers, down 0.8% and 0.6%, respectively, followed by technology down 0.5%. As was widely expected, the Bank of Canada held rates steady at 2.25% for the second time in a row.
The Bank of Canada kept its key interest rate unchanged at 2.25% on Wednesday for the second meeting in a row, as was universally expected, said Bank of Montreal.
* Bank of Canada cites trade uncertainty as big risk this year. * Maintained its forecast for modest growth in 2026 and 2027. * Governor says inflation to hover around 2% for next two years. * Macklem says Jerome Powell doing a good job leading the Fed. By Promit Mukherjee and David Ljunggren.
The Bank of Canada has held its target for the overnight rate at 2.25% on Wednesday, as widely expected, said ING. The BoC's Monetary Policy Report forecasts 1.1% gross domestic product growth this year and 1.5% in 2027, which is broadly in line with how the MPR saw things back in October, noted the bank. The reaction in USD/CAD was "quite contained," stated ING.
* TSX down 0.2% at 33,031.19 points. * Bank of Canada holds rates, says hard to predict future moves. * Technology index leads losses with 1.1% fall. By Utkarsh Hathi. Jan 28 - Canada's main stock index fell on Wednesday, dragged down by technology and ?financial shares, as the Bank of Canada kept interest rates unchanged while flagging uncertainty around future policy decisions.
* Dollar steadies after sharp drop. * S&P 500 crosses 7,000 level. * Fed meets against backdrop of pressure on Powell. * Meta, Tesla report earnings after the close. By Chuck Mikolajczak.
The Bank of Canada held its policy rate at 2.25% on Wednesday, in line with market expectations, said TD. The opening statement noted that the BoC's outlook for growth and inflation "has not changed significantly" since the October Monetary policy Report projection, but uncertainty about the outlook was a common theme, noted the bank.
The European Union needs to quickly create a digital euro to cut the bloc's dependence on dominant U.S. payment companies, Economic Commissioner Valdis Dombrovskis said on Wednesday. The European Central Bank has been working to ?introduce a digital euro since 2020 to modernise its payment system and ensure central bank ?money remains relevant in an increasingly digital world.
The European Union needs to quickly create a digital euro to cut the bloc's dependence on dominant U.S. payment companies, Economic Commissioner Valdis Dombrovskis said on Wednesday. The European Central Bank has been working ?to introduce a digital euro since 2020 to modernise its payment system and ensure central bank ?money remains relevant in an increasingly digital world.
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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