KBRA Releases Research ? Retail Sales Decline and Inflation Eases as Fed Funds Rate Reaches 5%

BY Business Wire | ECONOMIC | 04/25/23 03:54 PM EDT

NEW YORK--(BUSINESS WIRE)-- KBRA releases research examining March 2023 retail sales. This month?s report discusses declining retail sales in each of the last two months as headline inflation has eased and the Federal Reserve?s rate tightening cycle has progressed. The report also discusses observations from the Fed?s April 19 Beige Book that may suggest a softening economy.

Click here to view the report.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA?s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Source: KBRA

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.