St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge in productivity, arguing it would be a mistake for the U.S. central bank to count on that possibility by easing monetary policy.
Federal Reserve Bank of New York President John Williams said on Thursday central bank monetary policy is in the right place given the outlook, adding he expects inflation to be high in the near term with the pressures easing later in the year. "Right now monetary policy for the Fed is, is right where we want it to be," Williams said at the Reykjav?k Economic Conference in Iceland.
Market Intelligence analyst Jeff Lipton explains why energy prepays have become a popular SMA allocation for yield and diversification, while warning that financial institution counterparty concerns and "guilt-by-association" bank headlines can still trigger episodic spread widening.
Yields on benchmark U.S. Treasury notes retreated from earlier highs on Thursday morning following a batch of mixed economic data showing weaker growth, softening consumer income, steady inflation and falling orders in a key durable goods category. Meanwhile markets continued to shrug off persistent violence in the US conflict with Iran as Washington and Tehran work toward an agreement.
WASHINGTON, May 28, 2026 Fannie Mae today began marketing its most recent sale of?reperforming loans. The sale consists of approximately 2,333 loans, having an unpaid principal balance of approximately $565 million, and is available for purchase by qualified bidders.
Royal Bank of Canada (RY) reported second-quarter financial results on Thursday. This transcript is brought to you by Benzinga APIs. Access the full call at https://edge.media-server.com/mmc/p/2hjtq8wq/ Watch the full earnings call below: Royal Bank of Canada (RY) reported earnings of $5.5 billion and adjusted earnings of $5.6 billion, marking the second-highest quarterly performance on record.
Royal Bank of Canada (RY) released second-quarter financial results and hosted an earnings call on Thursday. This transcript is brought to you by Benzinga APIs.
Canada's current account deficit widened to $7.2 billion, or $28.7 billion a.r., in Q1, following a shortfall of $1.0 billion, or $4.0 billion a.r., in Q4 2025, noted Bank of Montreal after Thursday's data. This amounts to an estimated 0.9% GDP, in line with recent norms, BMO said, while noting the latest GDP data will be released Friday.
Federal Reserve Bank of New York President John Williams said on Thursday central bank monetary policy is in the right place given the outlook, adding he expects inflation to be high in the near term with the pressures easing later in the year. "Right now monetary policy for the Fed is, is right where we want it to be," Williams said at the Reykjav?k Economic Conference in Iceland.
Estimated U.S. economic growth for the first quarter was revised lower on Thursday and a closely watched measure of price pressures came in largely in line with expectations. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its second estimate of first-quarter GDP on Thursday.
U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and squeezing households finances. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its second estimate of first-quarter GDP on Thursday.
U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and squeezing households finances. Gross domestic product increased at a 1.6% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its second estimate of first-quarter GDP on Thursday.
By Jamie McGeever. A gap is widening between two key measures of underlying U.S. inflation. The Bureau of Economic Analysis on Thursday released April's personal consumption expenditures figures, one of two closely watched measures of price changes across a wide range of goods and services. Annual headline PCE inflation rose to 3.8% from 3.5% in March, on the back of soaring energy prices.
Brazil's economy is expected to have grown faster in the first quarter against the last three months of 2025 aided by stronger manufacturing activity, a Reuters poll showed. The service sector also contributed to the recovery, particularly in commerce, professional and household segments supported by a healthy job market, analysts said.
US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. There was no revision expected in a survey compiled by Bloomberg as of 7:00 am ET. GDP rose by 0.5% in Q4. Personal consumer expenditures rose by 1.4% after a 1.9% gain in Q4, a downward revision from a 1.6% gain in the advance estimate.
?Spring demand boosts prices nationally, though most major markets remain flat or below year-ago levels, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its April 2026 Home Price Index report.
Federal Reserve Bank of New York President John Williams said Thursday it's hard to spot fundamental shifts in the level of productivity as they are happening.
Canada's current account deficit on a seasonally adjusted basis widened by $6.2 billion to $7.2 billion in Q1, said the country's statistical agency on Thursday. The Q1 deficit was much higher than the $3.9 billion consensus deficit provided by MUFG.
TURKU, FI / ACCESS Newswire / May 28, 2026 / Faron Pharmaceuticals, a clinical-stage biopharmaceutical company focused on tackling cancers via novel immunotherapies, announces that the Board has resolved, based on the authorisation granted by the General Meeting held on 4 May 2026, to issue 8,000,000 additional Special Rights in connection with the First and Second Tranche of Bonds.
The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 215,000 for the week ended May 23, the Labor Department said on Thursday.
The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 215,000 for the week ended May 23, the Labor Department said on Thursday.
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing economists' views that the Federal Reserve could hold interest rates unchanged well into next year.
US initial jobless claims rose to a level of 215,000 in the week ended May 23 from an upwardly revised 210,000 level in the previous week, compared with expectations for a level of 211,000 in survey of analysts compiled by Bloomberg. The four-week moving average rose by 6,250 to 209,000 after decreasing by 1,250 to a level of 202,750 in the previous week.
$1.3 billion Senior Secured Notes offering marks the first bond offering of its kind in the data center sector to support the simultaneous development of multiple sites serving different customers.
Bulgaria is keen to respect?its commitment to NATO and increase its defence spending to 5% of its gross domestic product, Prime Minister Rumen Radev said on Thursday. Previously president of Bulgaria, Radev resigned from that role ahead of parliamentary elections in April, which he won with a landslide.
* EU considers broadening import quotas, tariffs on Chinese goods -FT. * EU wants to shield certain industries. * Chinese govt spokesperson says EU is not seeing whole trade picture. * Says China does not deliberately pursue trade surplus with Europe. By Colleen Howe and Julia Payne.
Outstanding loans in Brazil were up 9.3% in the 12 months through April, central bank data showed on Thursday, slowing from the 9.8% expansion registered in the previous month.
Brazil's producer price index rose 2.63% in April, up from a revised 2.28% increase in the previous month, statistics agency IBGE said on Thursday, marking the highest monthly increase since March 2022.
RBC Capital Markets raised its price target on National Bank of Canada (NTIOF) to $214 from $180 on Thursday. Analyst Darko Mihelic maintained a Sector Perform rating on shares of the Canadian bank following its quarterly results. "Core EPS was above our estimate primarily due to lower than expected PCLs," Mihelic said in a note to clients.
* Investors more cautious on chances of swift end to Iran war. * US economic data in focus after hawkish Fed remarks. * Yen support likely to hinge on intervention risks, US data. By Stefano Rebaudo.
The US dollar rose against its major trading partners early Thursday, except for a decline versus the yen, ahead of a busy day of economic data releases, starting with weekly jobless claims, the second look at Q1 GDP, and durable goods and personal income and spending data for April, all at 8:30 am ET.
The main US stock measures were trending lower in Thursday's premarket activity amid renewed tensions in the Middle East, while traders await key inflation and economic data. The S&P 500 and the Dow Jones Industrial Average edged down 0.1% each before the opening bell, while the Nasdaq was off 0.2%. The indexes finished Wednesday's trading session with fresh highs.
UBS said it estimates Canada's gross domestic product growth to slow down this year to 1.5% from 1.7% in 2025. The bank estimates a pickup in economic growth in 2027, up 1.7%. UBS sees the consumer price index averaging at 2.6% this year and at 2.4% in 2027, up from 2.1% in 2025. The current account deficit to GDP is predicted to narrow to 0.7% this year and to 0.3% in 2027 versus 0.9% in 2025.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. RY beat Q2 FY 26 earnings with operating EPS of CAD3.90 vs. MT Newswires does not provide investment advice.
Swiss inflation is currently within the Swiss National Bank's target range, SNB Chairman Martin Schlegel said on Thursday, with the central bank relying mainly on its interest rate to steer monetary policy. The SNB would also use foreign-exchange interventions "if necessary", Schlegel said, according to slides presented at an event in Reykjavik, Iceland.
CFRA, an independent research provider, has provided MT Newswires with the following research alert. RY beat Q2 FY 26 earnings with operating EPS of CAD3.90 vs. MT Newswires does not provide investment advice.
Honoring local entrepreneurs and community investment during Small Business Month In recognition of Small Business Month, the Federal Home Loan Bank of Chicago is highlighting how its Community Advance product?which provides discounted funding to support community and economic development projects?is expanding access to capital for small businesses and supporting economic growth in communities ...
ST. LOUIS, May 28, 2026 Peabody today announced its intention to offer, subject to market and other conditions, $225,000,000 aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Commerzbank in its "European Sunrise" note of Thursday highlighted: Markets: United States Treasury yields open higher in Asia, continue to increase with the 10-year back above 4.5%. Brent surges to US$98/barrel after U.S. strikes on Iran. Fed: Federal Reserve Governor Lisa Cook is prepared to raise rates if inflation doesn't ease as expected.
Royal Bank of Canada (RY) reported fiscal Q2 adjusted earnings Thursday of 3.90 Canadian dollars per diluted share, up from CA$3.12 a year earlier. Analysts surveyed by FactSet expected CA$3.80. Revenue for the quarter ended April 30 was CA$17.45 billion, up from CA$15.67 billion a year earlier. Analysts polled by FactSet expected CA$17.32 billion.
A selloff in government bonds is testing one of the most basic assumptions in markets: that Treasuries and other high-quality debt will cushion portfolios when stocks fall. Long-dated bonds have come under pressure since the Iran war started, as investors demand more compensation for inflation, U.S. economic strength and expected increases in bond supply driven by deficit spending.
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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