News Highlights: Top Global Markets News of the Day

BY Dow Jones & Company, Inc. | TREASURY | 09/28/21 05:15 AM EDT

Stock Futures Slip Ahead of Fed Comments

U.S. stock futures ticked lower ahead of testimony on Capitol Hill from the leaders of the Federal Reserve and the Treasury Department on the state of the economic recovery.

Fed's Powell Says Inflation Is Elevated but Likely to Moderate

The Federal Reserve chairman is set to testify before Congress with Treasury Secretary Janet Yellen on Tuesday.

GOP Senators Block Democratic Bill to Fund Government, Suspend Debt Ceiling

Republicans and Democrats remain at loggerheads over the government's finances just days before it runs out of money.

SEC Panel Backs Letting Ordinary Investors Into Private Equity

The SEC's Asset Management Advisory Committee recommended that the regulator increase ordinary investors' access to private-equity, private-debt and real-estate vehicles, a change long sought by asset managers.

German Consumer Mood Expected to Improve

Consumer confidence in Germany is expected to improve unexpectedly in October, reaching its highest level for the last year and a half, according to the latest survey from GfK.

East Asia's Economies Face Slowing Growth and Rising Inequality, World Bank Warns

Most countries in East Asia and the Pacific face major setbacks in recovering from the coronavirus, the World Bank said, adding to concerns that the resurgent pandemic will widen the economic divide between the region and the West.

Infrastructure Investor Quinbrook to Build $370 Million Solar-Power, Energy-Storage Project in U.K.

London-based Quinbrook Infrastructure Partners is betting that combining renewables and energy storage will be a winning strategy in a volatile power market.

China Power Outages Pose New Threat to Supply Chains

Coal shortages and efforts to control energy consumption make it harder for Chinese factories to operate.

Fed's Williams: Tapering Bond Buying 'May Soon Be Warranted'

Federal Reserve Bank of New York President John Williams said the time for the central bank to pull back on asset buying is coming up, but he indicated rate rises still lie well off.

Fed Leaders Rosengren, Kaplan to Resign Amid Trading Controversy

The moves follow reports of the Boston Fed and Dallas Fed presidents' investment trading that prompted calls for their departures and a central-bank review of ethics rules.

  (END) Dow Jones Newswires
  09-28-21 0515ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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.