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Fed's Kashkari upbeat on 2026, expects inflation to moderate

BY Reuters | ECONOMIC | 12:50 PM EST

Jan 14 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said ?Wednesday he's optimistic ?about the economic outlook and ?expects inflation ?to ?wane, but it's unclear by ?how much.

"My ?outlook for the U.S. economy ?is one ?of ?pretty good growth going forward," the official ?said in a virtual event. "I think inflation is heading down...The question is, ?is ?it going to be two and ?a half percent by the end of the year, something short of that, ?or something above that? I don't know." (Reporting by ?Michael S. Derby)

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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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