It may be appropriate for the Federal Reserve to raise interest rates once more this year, according to New York Fed President John Williams, but he left open the possibility of further boosts in 2027.

JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.

Oil prices climbed on Monday as attacks on Saudi Arabia overshadowed hopes for supply improvements, and expectations for higher US interest rates to fight inflation drove the dollar higher on a narrowly mixed day for global stocks.

Good morning. This is Pimenta Works 🌶️In the financial markets on the 13th, while the sell-off of AI and semiconductor-related stocks expanded globally, falling long-term interest rates in the US provided support for the stock market.

A new working paper by Paymon Khorrami and Anna Cieslak of Duke University’s Fuqua School of Business shows that the US central bank’s toolkit has widened beyond short-term interest-rate decisions, deepening the Fed’s ability to affect the perception of risk and long-term investments.

The US central bank held the target range for the federal funds rate at 0.25 per cent to 0.5 per cent, where it has been since the Fed lifted rates by a quarter point from near-zero levels in December, as it assesses a mixed set of economic indicators.

JPMorgan warns rising bond yields threaten small-cap stocks as government debt swells. See the 2 stocks it picked.