The dollar eased against the yen and the euro on Thursday but remained above recent multi-year lows, with investors still jittery about U.S. policy even as a mildly hawkish Federal Reserve provided some support. The dollar has been under pressure for several reasons, including expectations of continued Federal Reserve rate cuts, tariff uncertainty and U.S. policy volatility.
The stock market witnessed a mixed performance today as the?S&P 500?and the?Nasdaq?indices showed varied results. As investors await Fed Chair?Jerome Powell?s press conference, the market remains cautious amid political pressures on the central bank.
Global economic growth will be 3% in 2026, exactly as forecast a year ago, according to a quarterly Reuters poll of economists, suggesting they are unfazed by the abrupt and seismic shift in how the U.S. trades with others and treats its allies.
The Bank of Canada on Wednesday held its policy rate at 2.25%, as widely expected, and Governor Tiff Macklem said a high level of trade uncertainty made it difficult to predict when and how rates might next change. Macklem said the threat of the U.S. Federal Reserve losing its independence contributed to uncertainty.
If the "Sell America" trade heats up, who is most likely to stoke the flames? The world's exposure to U.S. assets is approaching $69 trillion, or $27 trillion net of Americans' foreign holdings, so there's no shortage of potential sellers should investors decide to "de-risk" from the United States.
Federal Reserve Chair Jerome Powell spent 45 minutes on Wednesday answering reporter questions about the U.S. central bank's decision to keep short-term borrowing costs unchanged despite tremendous pressure from the White House to cut them. He touched on a range of topics including the outlook for the economy, threats to the Fed's independence, and the price of gold. RISKS HAVE DIMINISHED.
The dollar snapped higher and Wall Street wobbled on Wednesday, but not before the S&P 500 broke above 7,000 points for the first time, after the Federal Reserve kept interest rates on hold and flagged rising inflation risks. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today. Today's Key Market Moves.
The dollar snapped higher and Wall Street wobbled on Wednesday, but not before the S&P 500 broke above 7,000 points for the first time, after the Federal Reserve kept interest rates on hold and flagged rising inflation risks. More on that below. If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.
* Indexes: Dow up 0.02%, S&P 500 down 0.01%, Nasdaq up 0.17% * 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. * Reactions to after the bell Mag 7 earnings mixed. By Sin?ad Carew and Pranav Kashyap.
US equity indexes closed muted-to-slightly higher on Wednesday after bets for a monetary policy pause in March increased following the January meeting of the Federal Reserve. The Nasdaq Composite rose 0.2% to 23,857.45 and the S&P 500 was almost unchanged at 6,978.03, after hitting a fresh record of 7,002.28 intraday, according to data compiled by CNBC.
US equity markets closed mixed on Wednesday after the Federal Reserve kept its benchmark lending rate steady, while traders assessed Chair Jerome Powell's post-policy meeting comments. The Nasdaq Composite edged up 0.2% to 23,857.5, extending its winning streak to a sixth day. Most sectors ended in the red, led by real estate, while energy saw the biggest gain.
Brazil's central bank held interest rates at ?a near two-decade ?high on Wednesday ?and signaled it ?would ?begin cutting them at ?its next ?meeting in March, noting the importance ?of "serenity ?regarding ?the pace and the magnitude of the easing ?cycle."
Federal Reserve Chair Jerome Powell is signaling patience, noting that the central bank remains "well positioned" as the labor market shows signs of stabilization.
* 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.
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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