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PRESS DIGEST- New York Times business news - June 25

BY Reuters | ECONOMIC | 06/25/25 02:13 AM EDT

June 25 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Jerome Powell, chair of the Federal Reserve, reaffirmed his view that the central bank can afford to be patient before cutting interest rates amid uncertainty about how U.S. President Donald Trump's policies will impact the economy, despite a growing divide among officials about when and by how much to lower borrowing costs.

- A preliminary classified U.S. report says the American bombing of three nuclear sites in Iran set back the country's nuclear program by only a few months, according to officials familiar with the findings.

- President Trump on Tuesday urged congressional Republicans not to leave Washington at the end of the week for a scheduled recess until they pass a bill to enact his domestic agenda, ratcheting up pressure on hard-liners in the House to swallow their objections and adopt the legislation the Senate is crafting.

- A newly appointed panel of vaccine advisers by U.S. Health Secretary Robert Kennedy Jr. is now down to seven after a member withdrew ahead of the committee's first meeting. (Compiled by Bengaluru newsroom)

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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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