Federal Reserve Bank of New York President John Williams said on Monday that the current setting of monetary policy is in a good place to deal with a range of challenges that very likely herald higher near-term inflation. "This is an unusual set of circumstances," Williams said in remarks delivered before an event held by the Staten Island Economic Development Corporation.
Financial stocks were advancing late Monday afternoon, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.7%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF added 0.2%. Bitcoin was up 0.5% to $66,277, and the yield for 10-year US Treasuries dropped 9.8 basis points to 4.34%. In economic news...
This strength comes after another "challenging week" for the muni market, which continued to deal with ongoing macroeconomic uncertainty and somewhat heavy supply, said Daryl Clements, a muni portfolio manager at AllianceBernstein.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index adding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.7%. The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF rose 0.2%. Bitcoin was increasing 0.5% to $66,277, and the yield for 10-year US Treasuries dropped 9.8 basis points to 4.34%...
Fannie Mae and Freddie Mac shares are climbing sharply on Monday as two of the most influential investors in modern markets ? Bill Ackman and Michael Burry ? publicly argue that the mortgage giants are among the most mispriced opportunities available today.
Fed Chair Jerome Powell said that inflation expectations remain well anchored after an expected short-term price shock from the conflict in Iran and that the FOMC has time to see if that is the case before incorporating it into policy making.
Triple-A Harvard's latest deal provides, through its offering documents, a snapshot of the state of the Trump administration's campaign against the school.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.9% and the State Street Financial Select Sector SPDR ETF rising 1.1%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was increasing 0.9% to $66,761, and the yield for 10-year US Treasuries was dropping 9.6 basis points to 4.34%....
Gold rose for a second day midafternoon on Monday, regaining ground lost to the dollar and bonds amid fears of rising inflation, with treasury yields falling as the war on Iran continues. Gold for May delivery was last seen up $34.80 to US$4,558.20 per ounce.
US benchmark equity indexes were mixed intraday, while oil prices moved higher as traders parsed the latest remarks by President Donald Trump and Federal Reserve Chair Jerome Powell. The Nasdaq Composite was down 0.5% at 20,834.5 after midday Monday, while the S&P 500 fell 0.1% to 6,360. West Texas Intermediate crude oil increased 3.7% to $103.33 per barrel.
US equity indexes traded mixed midday Monday as government bond yields slumped after Federal Reserve Chair Jerome Powell calmed inflation concerns driven by geopolitical risks. Meanwhile, President Donald Trump warned Iran of dire consequences if it fails to reach a ceasefire agreement with his negotiating team.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.9% and the State Street Financial Select Sector SPDR ETF rising 1.1%. The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF rose 1%. Bitcoin was increasing 0.9% to $66,761, and the yield for 10-year US Treasuries was dropping 9.6 basis points to 4.34%....
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Berkshire Hathaway Homestate Insurance Company and its property/casualty affiliates. The ratings reflect BHHC?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
* FITCH RATINGS: PROLONGED IRAN WAR RAISES DEMAND RISKS FOR US CORPORATES. * FITCH: MOST NORTH AMERICAN CARRIERS HAVE NOT FULLY HEDGED THEIR FUEL EXPOSURE, LEAVING THEM VULNERABLE TO SUSTAINED PRICE INCREASES Source text:
Canada updates gross domestic product figures with details for January, along with preliminary guidance for February without details, on Tuesday, said Scotiabank. Combined, they will improve the bank's tracking of Q1 economic growth. January was initially guided by Statistics Canada to be "essentially unchanged" back on Feb. 27.
US equity indexes traded mixed midday Monday after Federal Reserve Chair Jerome Powell said inflation expectations remain well anchored. Meanwhile, President Donald Trump warned Iran of dire consequences if it fails to reach a ceasefire agreement.
Rep. Sam Graves, House Transportation and Infrastructure Committee Chairman and supporter of tax-exempt munis announced he will join several other Republican Congressmen by not seeking reelection in November.
Federal Reserve Chairman Jerome Powell said Monday that inflation expectations remain well anchored after an expected short-term price shock from the conflict in Iran, noting that the longer lag with which monetary policy works allows the Federal Open Market Committee to look past brief supply shocks.
Federal Reserve Chair Jerome Powell said on Monday the U.S. central bank is watching developments in the private credit sector for signs of trouble, but does not currently see issues there bringing down the financial system as a whole.
Federal Reserve Chair Jerome Powell said on Monday the U.S. central bank is watching developments in the private credit sector for signs of trouble, but does not currently see issues there bringing down the financial system as a whole.
In RBC's economic outlook, Ontario's real gross domestic product growth is at the bottom of the Canadian provincial table this year, given its acute exposure to both the United States trade and population growth shocks.
* Powell says higher energy prices not yet creating hard choice for Fed. * Inflation running above target, Fed watching inflation expectations. * Powell notes downside risk in the labor market. * Financial markets have erased bets on Fed rate hike this year. By Dan Burns.
* US 10-year yield sees largest one-day rise since October 10. * US two-year yields post biggest monthly rise since October 2024. * US crude futures up over 50% in March. By Gertrude Chavez-Dreyfuss.
The Bank of Mexico may be soon to ending its period of rate cuts, Governor Victoria Rodriguez said in an interview published on Monday, in which she defended the central bank's decision last week to cut its benchmark interest rate despite rising inflation.
The Bond Vigilantes had been dormant for much of the past three to four years, until President Donald Trump's war in Iran snapped them back into action. Now they are back, repricing sovereign bond yields?from Washington to London to Frankfurt, punishing governments and central banks for any perceived leniency on inflation and forcing a wholesale rethink of where interest rates are headed in 2026.
The markets are mispricing the Bank of Canada's monetary action, said Rosenberg Research. The futures market is pricing in two full BoC rate hikes and 30% for a third, noted Rosenberg Research. This doesn't make sense to Rosenberg, as it pointed out that an economy that has generated no economic growth in five months and no job growth in eight months hardly needs a steady diet of rate increases.
The Bank of Canada releases on Wednesday its 'Summary of Deliberations' through the whole decision-making process leading up to the March 18 policy statement, said Scotiabank. The bank doesn't expect much of anything truly new. Scotiabank will watch for preliminary discussions on the impact of the energy shock on the economy. Everything went wrong at that time, the bank added.
Brazilian economists polled weekly by the central bank increased their inflation forecast for this year amid recent developments in the U.S.-Israel war on Iran, the so-called Focus poll showed on Monday. * Consumer prices, as measured by the IPCA index, are now seen rising 4.31% this year, compared with a prior 4.17% estimate.
Canada will release its international merchandise trade figures for February on Thursday, notes RBC. The bank expects a narrowing in Canada's trade deficit from $3.6 billion to $1.8 billion, driven by a partial rebound in auto exports and higher oil prices. The deficit should continue to narrow in March after the Middle East conflict drove oil prices sharply higher, adds RBC.
Gold rose for a second day early Monday, regaining ground lost to the dollar and bonds amid fears of rising inflation, with treasury yields falling and equities faltering as the war on Iran continues. Gold for May delivery was last seen up $81.00 to US$4,605.30 per ounce.
The Bank of Israel left short-term interest rates unchanged for a second straight month on Monday as expected, amid fears of a rise in inflation stemming from the conflict with Iran that has driven up oil prices.
AES (AES) said Monday it has extended the deadline for its consent solicitation on $900 million of 5.45% senior notes due 2028 to March 31, 2026. The company said about 49% of noteholders had approved proposed changes to the bond terms, as of the previous deadline. AES (AES) said it needs majority consent for the amendments to proceed.
SINGAPORE, March 30, 2026 Thunes, the Smart Superhighway to move money around the world, has launched a direct-to-workforce cross-border payout solution that allows businesses to pay remote overseas teams, freelancers, and gig workers instantly. ?. Thunes enables real-time compensation to be paid into 12 billion bank accounts, mobile wallets, and stablecoin wallets, across 140 countries, 24/7.
With the current geopolitical imbroglio in the Middle East having driven crude oil prices violently higher -- among other commodities -- more inflation is on the way, said National Bank of Canada. The full magnitude and duration of the unfolding oil-related inflation shock remain to be seen, hinging on when and in what fashion the Strait of Hormuz is ultimately reopened, noted the bank.
The truth is that nobody knows how the Iran conflict will evolve, said TD, adding that its working assumption is a short-lived conflict, but the bank remains ready to adjust. Even if the war proves short-lived, TD still thinks it will shave a bit from 2026 real gross domestic product growth as households face higher inflation and businesses see a bump in their input costs.
Outstanding loans in Brazil rose 0.4% in February from the previous month to 7.1 trillion reais, central bank data showed on Monday, with 12-month credit growth slowing to 9.6% from 10.1% in January.
* Protracted conflict shifts markets' focus to growth fallout. * Central banks walk tightrope; higher-for-longer rates expected UK two-year yield nearly up 100 bps in March. * Germany's up 69 bps, U.S. up 50 bps. By Rae Wee, Alun John and Gertrude Chavez-Dreyfuss.
Three negative outlooks and choppy market conditions weren't ideal conditions for a massive $2.6 billion bond issuance, which was trimmed to $2.3 billion.
Canada will release monthly real gross domestic product data on Tuesday at 8:30 a.m. ET, said Bank of Montreal. The bank noted that Canada's economy "stumbled out of the gate" to start the year, and BMO expects real GDP growth to come in flat in January. Auto production fell heavily as a model switch delayed assemblies, which should normalize in the coming months.
Canada will publish the gross domestic product for January on Tuesday at 8:30 a.m. ET, said RBC. In line with Statistics Canada's advance estimate, the bank expects GDP growth to have slowed to essentially flat in January after rising 0.2% month over month in December.
Federal Reserve Chair Jerome Powell on Monday said the U.S. central bank can wait to see how the Iran war affects the economy and inflation, noting that policymakers typically look through shocks such as those from higher oil prices.
Federal Reserve officials eager to keep inflation psychology in check and maintain control over prices face a challenge as household expectations rise alongside the cost of gasoline and doubt edges into bond markets in the form of rising yields on U.S. Treasury securities.
* Gold set for worst month in nearly two decades. * Brent crude set for record monthly gain. * Yemen's Houthis launch attacks on Israel. By Ishaan Arora. Gold rose more than 1% on Monday on bargain-hunting, but was set for its largest monthly decline in nearly two decades as rising oil prices due to the escalating war in the Middle East all but eliminated U.S. interest rate cut bets for the year.
Japan's underlying inflation rate may face stronger upward pressure from rising oil prices and the yen's declines than in the past as firms have become more active in hiking prices, the Bank of Japan said on Monday.
Mortgage rates are rising again, and Dave Ramsey is warning Americans that navigating today's housing market without professional help could be a costly mistake. The 30-year fixed-rate mortgage averaged 6.38% for the week ending March 26, according to Freddie Mac , up from 6.22% the prior week.
* Gold prices to remain volatile in near term, analyst says. * Gold down more than 14% so far this month. * Brent crude up 60% in March, biggest monthly rise ever. By Noel John. Gold rose on Monday on dip-buying, but gains were capped by a surge in energy prices that fuelled inflation worries and further dimmed expectations for U.S. Federal Reserve interest rate cuts this year.
U.S. consumers and importers take the vast majority of the financial hit from tariffs but trade volumes also suffer, resulting in a negative shock for exporters, too, a European Central Bank Economic Bulletin article said on Monday.
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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