Core Points - Atlanta Federal Reserve President Raphael Bostic will leave his position when his term expires on February 28, 2024, after serving since June 2017 [1][2] - Bostic is recognized as the first Black and openly gay regional president of the Federal Reserve [1] - His departure comes at a critical time for the Federal Reserve, as it prepares for a pivotal year regarding interest rate decisions [2] Group 1 - Bostic expressed pride in his accomplishments during his tenure, emphasizing the goal of creating an economy that works for everyone [2] - Regional presidents serve five-year terms, typically expiring in years ending in 1 or 6, which aligns with Bostic's upcoming departure [3] - The process of appointing new regional presidents may be complicated by unusual political dynamics on the Fed Board of Governors [3] Group 2 - Jerome Powell's term as Fed chair will expire in May 2024, while his governorship continues until 2028 [4] - Bostic has been characterized as a centrist and has shown caution regarding interest rate cuts amid high inflation and a softening labor market [4] - Until a successor is appointed, Cheryl Venable will assume the role of president at the Atlanta Fed [5]

Here’s a look at how today’s high-yield savings account rates stack up. The Federal Reserve cut the federal funds rate three times in late 2024, and it recently announced its second rate cut of 2025 which means deposit rates are on the decline. It's more important than ever to ensure you're earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — as much as 4% APY and higher. Not sure wher ...

Weakening dollar, persistent geopolitical and economic uncertainty, and rising market expectations of further Fed rate cuts continue to support investor interest in gold. Gold price has risen 3.58% over the past five days and 55.39% year to date.Strong fundamental indicators could extend gold’s gains into 2026, boosting the case for increased portfolio allocation. According to Reuters, gold prices jumped on Monday, reaching a two-week high, on disappointing U.S. data, rising Fed rate cut expectations and ad ...

Federal Reserve Governor Stephen Miran on Monday advocated for further interest rate cuts as a way stave off a potential economic softening ahead.In a CNBC interview, the central bank official held to his belief that the Fed should be moving at an even more rapid pace than its traditional quarter percentage point reductions. He advocated, as he has at the previous two Federal Open Market Committee meetings, for a 50 basis point, or half percentage point, reduction, though he said there at least should be a ...

Core Viewpoint - The potential end of the longest US government shutdown is leading to increased selling in safe-haven assets like Treasuries, with yields on 10-year debt rising to near 4.15% following a procedural vote in the Senate [1][2]. Group 1: Market Reactions - Global markets reacted positively to the Senate's procedural vote, viewing it as a breakthrough that could lead to the end of the shutdown, which would provide investors with access to important economic data [2]. - Improved risk appetite is noted, with Treasury yields increasing as moderate Democrats in the Senate support moving forward with the bill, suggesting a possible government operation until January [3]. Group 2: Economic Implications - An end to the shutdown could restore funding to federal agencies until the end of January, allowing for the release of delayed economic data on inflation and jobs, which are critical for market assessments [4]. - Historical data suggests that the September employment report could be among the first data released post-shutdown, potentially showing a significant rebound in non-farm payrolls [5]. Group 3: Broader Economic Outlook - A reopening of government services is expected to refocus markets on the underlying strength of the economy, with resilient earnings growth and a loosening monetary backdrop contributing to a positive outlook [6].

Today’s CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2024 and recently announced its second rate cut of 2025. This has a ripple effect on deposit account rates, which means now could be your last chance to lock in today's high rates with a certificate of deposit (CD). Here’s a look at today’s best CD rates and where you can find the best offers. Best CD rates today As of November 10, 2025, the highest CD rate is 4.25% APY. This ...

Gold surged as US lawmakers moved closer to ending the longest shutdown in American history, a move that would help lift the fog around the Federal Reserve’s path on interest rates. Bullion jumped as much as 2.1% to trade around $4,080 an ounce. On Sunday, a group of Senate Democrats broke with their party on a procedural measure to help Republicans advance a funding bill. Ending the shutdown would give investors greater clarity on key official economic data such as jobs and inflation. Most Read from Blo ...

Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are reacting to a potential end to the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at ending the 40-day government shutdown [1] Futures Performance - Dow Jones futures increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose by 0.98% to $677.52, while Invesco QQQ Trust ETF (QQQ) advanced by 1.52% to $619.02 [3] Stocks in Focus - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historical data indicates that the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance [9][10]

Key TakeawaysGlobal equity futures are advancing, with European and U.S. indices showing gains, driven by optimism surrounding a potential resolution to the prolonged U.S. government shutdown.Crude oil prices are rising as hopes for a swift end to the U.S. government shutdown grow, signaling a potential boost to demand in the world's largest oil consumer.Gold prices have surged, reclaiming the $4,000 per ounce level, fueled by increasing concerns over global economic growth and heightened expectations of Fe ...

Core Viewpoint - Bond traders are focusing on the demand for new Treasury notes and bonds amid a record US government shutdown, with the market operating without official data [1] Group 1: Market Demand and Treasury Auctions - The Treasury will auction new three-, 10-, and 30-year debt, with this week's refunding totaling $125 billion, the same amount as in May last year [2] - Longer-dated yields have recently bounced from lows, with the 10-year yield trading between 4.05% to 4.16% [1][2] Group 2: Interest Rate Expectations - Interest-rate swap contracts indicate a leaning towards a third quarter-point reduction in rates during the Federal Reserve meeting on December 9-10 [2] - The market anticipates rate cuts to around the 3% level over the next 12 months, with sentiment suggesting weaker hiring trends [2] Group 3: Investment Strategy - Capital Group's portfolio manager suggests that the pricing of interest rates is roughly fair, with risks tilted to the downside due to labor market uncertainties [3] - The firm favors owning intermediate and shorter maturity Treasuries (2-year to 5-year) that are more closely linked to the path for Fed funds [3]