Daily Roundup of Key US Economic Data for June 20

BY MT Newswires | ECONOMIC | 06/20/25 02:34 PM EDT

02:34 PM EDT, 06/20/2025 (MT Newswires) -- The Philadelphia Federal Reserve's manufacturing reading remained at minus 4 in June, still indicating modest contraction in the sector after a sharp decline in the New York Fed's Empire State reading earlier in the week.

The Conference Board's Leading Economic Index fell by 0.1% in May after a 1.4% drop in April. The Conference Board said that it does not anticipate recession but does see a slowdown in growth in 2025 compared with a year earlier.

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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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